| 
 Avion Group, a Dutch-based manufacturer of civil 
			  flight simulators and an operator of flight training centers, has 
			  appointed Erik Varwijk as CEO. Erik Varwijk has many years of airline 
			  industry experience, having worked as Managing Director and member of the 
			  Managing Board of KLM, member of the Air France KLM Group 
			  Executive Committee and EVP Commercial at Virgin Atlantic.   Erik Varwijk said, “Avion Group has launched the 
			  state-of-the-art Airbus Phantom 320 Full Flight Simulator and I 
			  look forward to bringing cost efficient and effective pilot 
			  training to the doorsteps of our customers.” Erik 
			  Varwijk succeeds Bart Slager, who has decided to pursue his career 
			  outside Avion Group. Remco van 
			  den Heuvel, Managing Partner of Private Equity firm 5square and 
			  priority shareholder of Avion Group, said, “Bart Slager did an 
			  excellent job at ensuring the successful launch of the Airbus 
			  Phantom 320 simulator and we are grateful for his contribution 
			  over the past years. We trust Erik Varwijk to be the right person 
			  to lead Avion Group into the next phase of becoming a successful 
			  actor in the training market for civil aviation.” In addition to the above, Barry Miedema has been appointed 
			  as advisor to the Group. Barry Miedema is Captain on the Boeing 
			  737 for KLM and has been Vice President Crew training and HoT for 
			  KLM Royal Dutch Airlines.
 
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