JetSet Global Fuel Inc.

October 22, 2009 07:00 ET

MS760 Corporation Introduces New MS760 Personal Light Jet Marketing, Engineering and Support Program

New two-ship jet air show team formed to showcase MS760

ORLANDO, FLORIDA--(Marketwire - Oct. 22, 2009) -

Editors Note: A photo is included with this Press Release.

MS760 Corporation is pleased to announce the introduction of a new MS760 marketing, engineering and support program in conjunction with the acquisition of the MS760 type certificate by JetSet Aviation Holdings SAS. JetSet will license the type certificate to MS760 Corp. to facilitate MS760's plans for continued airworthiness, sales, platform development and support for the world's first Very Light Jet (VLJ), the MS760 Paris Jet.

"MS760 Corp. has assembled a world-class package that helps make the MS760 Paris Jet one of the most cost effective and compelling values in aviation today," says Stephen Fox, president of MS760 Corporation. "The MS760 has long been admired for its ease of maintenance, robust design, four-passenger capability, flight characteristics and low operating cost. Now that we are reintroducing the MS760 platform, customers can choose from one of six certified, luxury jets or build their own from one of several low time airframes. The MS760 program, combined with a planned turbofan upgrade now in development, makes the redefined MS760 aircraft an incredible investment."

MS760 has acquired a large inventory of spare parts, including over 60 new or newly rebuilt engines, drawings, specifications, tooling and airframes. These airframes were factory overhauled and "zero" timed by SOCATA in the 1990s. With over six years of support experience, MS760's maintenance team is able to upgrade, overhaul and support the MS760 platform to keep people flying for business or pleasure. A standard Garmin 530 equipped MS760, with flight training and other special National Business Aviation Association (NBAA) incentives included, will sell for approximately $600,000 US. Avionics upgrades, such as the Garmin 600 and the Chelton Synthetic Vision panels, are also available. Avionics purchases and airframe refurbishments completed in 2009 may qualify for 50 per cent bonus depreciation under the Economic Development Act of 2009.

During the NBAA 62nd Annual Meeting & Convention in Orlando, a comprehensive sales package, including our introductory repurchase/trade up program, special fuel discounts and financing, is available from our sales personnel located in the JetSet Global Fuel booth (#4612) and at our static display aircraft.

In July of this year, JetSet Global Fuel Inc. and MS760 Corp. created and will sponsor a new two-ship, aerobatic formation jet air show team for the 2010 air show season. The lead pilot of Team MS760 Aerobatics is Captain Dale "Snort" Snodgrass, USN (Ret), joined by Lt. Colonel Jerry "Jive" Kerby, USAF (Ret). They will be flying MS760s currently being refurbished and modified by MS760 Corp. in Calhoun, Georgia.

"We are excited to have two incredibly accomplished air show pilots flying the MS760s, demonstrating the aircraft's capabilities," says Edward Furtak, CEO of JetSet International Ltd., and an investor in MS760 Corp. "We know Snort and Jive will be tremendous assets and representatives for both the team's sponsors and, most importantly, new MS760 owners."

Snodgrass and Kerby are not only military veterans with thousands of hours each in military jet aircrafts, but are also air show veterans. Snodgrass, a 26-year-veteran of the US Navy, was one of the first two Navy flight school graduates to be awarded an F-14 Tomcat and is the highest time F-14 pilot with 4,800 hours. Kerby is a 23-year-veteran of the USAF and graduated number one in his pilot training class, qualifying him for a training slot in the F-15 Eagle. After accumulating over 3,400 hours in the F-15, Kerby transitioned to the F-4 Phantom as the Squadron Commander of the USAF's final F-4 Squadron. New owners of the MS760 will benefit from training by Team MS760's TOPGUN graduate pilots.

  • Team MS760 Aerobatics is available for interviews and photographs during NBAA Orlando 2009. Team MS760 will also be attending the ICAS Convention in Las Vegas this December and are available for air shows and events beginning in January 2010. To receive more information regarding the 2010 air show schedule, please see the air show team website at TeamMS760.com.

  • MS760 Corp., with offices in Florida and Georgia, is a marketing, sales and engineering company dedicated to reintroducing the MS760 to the North American market. MS760 represents a team with the capability to facilitate the acquisition of numerous MS760 Paris Jets, provide support and expand the capabilities of the MS760 platform. Visit MS760.com for more information or contact us at sales@MS760.com.

  • JetSet Aviation Holdings SAS is a French-based subsidiary of JetSet International Ltd., a Bermuda-based investment company interested in the MS760 platform.

  • JetSet Global Fuel Inc. (JGFI) is a Florida-based, fully integrated global provider of aviation fuel and related services.

To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20091021-jet800a.jpg

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