Macquarie Global Opportunities Partners Completes Acquisition of Sentient Businesses

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Tue Sep 2, 2008 8:37am EDT

WEYMOUTH, Mass.--(Business Wire)--
Macquarie Global Opportunities Partners (MGOP) announced today
that it has completed the acquisition of the jet membership, retail
charter and fuel management business units previously owned by
Sentient Jet Holdings, LLC. The businesses are now operating as a
standalone company and will retain the Sentient brand. Terms were not
disclosed.

   The new company, Sentient Flight Group (Sentient) will continue
its successful focus on developing solutions for private jet travelers
delivered with Sentient's hallmark commitment to service and safety
and will include:

   --  Sentient Jet Membership - with 3,500 active members, Sentient
        Jet Membership is one of the industry's premier programs based
        on its innovative, flexible product which offers guaranteed
        availability and fixed one-way pricing.

   --  Sentient Charter - alongside the membership business, Sentient
        also offers a leading retail charter broker program. With
        extensive sales and service teams located around the country,
        Sentient Charter adds to the company's range of solutions to
        meet clients' private flying needs with concierge-style
        service for specific, on-demand itineraries.

   --  AvBuy - Sentient's fuel business, AvBuy, is a leading national
        volume aggregator and provides a full service fuel management
        program for aircraft owners that are Sentient clients and
        operators that support Sentient's other programs.

   As announced in August, Sentient will be led by Steven Hankin, the
former CEO of Sentient Jet Holdings. "We are excited to join forces
with MGOP whose financial strength and aviation experience will
enhance our ability to provide clients with unique, flexible solutions
anchored on exceptional service and an uncompromising safety culture,"
said Hankin. "Together, we will focus on continuing Sentient's strong
track record of growth in private aviation."

   Through funds that it manages on behalf of investors or as
principal, the Macquarie Group (Macquarie) is a leading global
investor and manager across a range of specialist asset classes around
the world, with over $200 billion in assets under management. In
particular, Macquarie has significant experience managing and/or
owning investments in the aviation industry including Fixed-Base
Operations (FBOs), Maintenance Repair & Overhaul operations (MRO),
airports, aircraft leasing and jet engine leasing.

   Michael Cook, Senior Managing Director of MGOP, said, "We are
pleased to complete the acquisition of Sentient Flight Group and
partner with Steve and his original team that built Sentient into the
leading company it is today. Through this transaction we have acquired
three strong, profitable businesses - Sentient Jet Membership,
Sentient Charter, and AvBuy - each with a unique offering that when
combined establishes a platform for continued growth in the highly
fragmented private aviation industry."

   About Sentient Flight Group

   Sentient Flight Group is a leading private aviation company in the
United States. The Sentient Jet Membership program is the most
flexible and economically sound approach to private aviation. Members
enjoy access to premium executive-class aircraft with a guaranteed
response time of as little as ten hours anywhere in the continental
United States. The program features guaranteed availability as well as
both one-way and round-trip pricing at fixed hourly rates. Sentient
Charter is built off the company's superb reputation for service and
safety and offers clients expert solutions for specific itineraries,
including complex road shows, international travel, and large group
commercial charter. Sentient Flight Group also includes the national
fuel management program, AvBuy, and the online charter marketplace,
www.privatejets.com.

   Sentient Membership and Sentient Charter arrange flights on behalf
of clients through access to a strong network of certified operators
and aircraft. Flights are conducted by FAR certified air carriers that
exercise full operational control at all times. Operators approved to
provide service for Sentient must meet all FAA safety standards and
additional safety standards established by Sentient.

   About Macquarie Global Opportunities Partners

   Macquarie Global Opportunities Partners (MGOP) is an unlisted fund
focused on making private equity investments in privileged cash flow
businesses globally. Established in 2007, MGOP is managed by a
subsidiary of the Macquarie Group (Macquarie).

   Macquarie is a global provider of banking, financial, advisory,
investment and funds management services. Macquarie's main business
focus is making returns by providing a diversified range of services
to clients, acting on behalf of institutional, corporate and retail
clients and counterparties around the world. Macquarie Group Limited
is listed in Australia (ASX: MQG) with total assets under management
of $212 billion (June 30, 2008).

Sentient Flight Group
Anton Nicholas, 917-679-8622
anicholas@sentientflight.com
or
Macquarie
Alex Doughty, 212-231-1710
alex.doughty@macquarie.com

Copyright Business Wire 2008
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