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Tue, Jan 13, 2004

Ibis Aerospace Continues Its European Expansion

Names Deep Blue Technology AG As Distributor

On Monday, Ibis Aerospace named Deep Blue Technology AG as a distributor for its Ae270 Propjet. The Swiss company will be responsible for sales and service to Ae270 operators throughout Europe including Switzerland, Austria, Italy, Croatia, Slovenia, Bosnia-Herzegovina, and Yugoslavia-Macedonia. In addition to the distribution agreement, Deep Blue made news with its order of nine Ae270 aircraft, with options for five more.

No stranger to the aviation business, Deep Blue became a Bell Helicopter Textron representative in 1996, just one year after opening its doors for business.

Heinz Ruchti, President of Deep Blue and Chairman of Compass Holding, expressed his excitement with the new addition of aircraft, "We are proud to be representing Ibis Aerospace. The addition of the Ae270 complements our product line perfectly."

In related news, Ibis has expanded the sales territory of Rheinland Air Service, a Germany-based distributor, to include Scandinavia. Rheinland Air Service was appointed as a distributor for the Ae270 in November 2002. The company will add customers in Sweden, Norway and Denmark to its sales and service operation.

FMI: www.Ae270.com

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