VerifAvia, the First EU ETS Verification Body Dedicated to the Aviation Sector

Now Ready to Process Applications From Airlines and Business Aviation Operators

PARIS and LONDON, April 28, 2010 - VerifAvia, the first EU Emission Trading Scheme (EU ETS) verification
body dedicated to the aviation sector, announced today its readiness to
process applications from airlines and business aviation operators for
pre-verification and verification audits. The company, which was recently
created to respond to the needs of the aviation sector for expert verifiers,
has now implemented its ETS assurance management system which has procedures
in place to undertake the contract review stage, the first step of a
verification audit.

With the inclusion of the aviation sector in the EU ETS, airlines and
business aviation operators must have their annual aircraft CO2 emissions and
tonne-kilometre data verified by an accredited verification body. The
verified reports must then be submitted to the Competent Authority by March
31 of each year beginning in 2011. The aim of verification is to check that
the data in the annual reports is correct and to ensure that the existing
procedures conform with the approved monitoring plans and the ETS
regulations.

As of today, VerifAvia has applied to COFRAC (the French accreditation
body) for ISO 14065 accreditation and to UKAS (the UK Accreditation Service)
for BS EN 45011 accreditation in accordance with EA-6/03 which is the
European guidance for recognition of verifiers under the EU ETS Directive.
These accreditations will allow VerifAvia to verify EU ETS reports of
aircraft operators administered by most EU Member States. Verification is a
two-stage process that can start in 2010.

"We encourage operators to start the verification process as early as
possible in 2010 in order to spread the verification work over the year and
avoid pressure by conducting the work at the last minute. Verification can
start as soon as some data is available," advises Julien Dufour, VerifAvia's
CEO. Starting the verification process early also allows time for corrective
actions. "Verification is an iterative process aiming at continuous
improvement of the operator's EU ETS management system," adds Dufour.

VerifAvia has built up a team of auditors who have all received
professional training in EU ETS verification and worked with aviation clients
preparing EU ETS monitoring plans and implementing EU ETS management and
control systems. "We are aviation experts with strong EU ETS experience so we
can focus on the key areas and not waste clients' time and resources," says
Gary Cleven, one of VerifAvia's worldwide auditors. "We will be using an
electronic EU ETS data analysis system to ensure a more accurate verification
process."

In addition to the legal verification process required under the ETS
rules, VerifAvia offers a Pre-verification Gap Analysis, a 'readiness for
legal verification' which aims to highlight any weakness in the aircraft
operator's EU ETS management and control system and to identify any areas
where there is non-compliance with the requirements.

About VerifAvia - www.verifavia.com

VerifAvia is a verification body of greenhouse gas emissions and payload
tonne-kilometre data for the aviation sector under the EU ETS Directive.
VerifAvia has offices in Paris and London and expects to be accredited by
both COFRAC and UKAS. The company uses a team of aviation experts with
extensive EU ETS experience that all received professional verification
training. VerifAvia partners with OpenAirlines for the use of EU ETS data
analysis system SkyBreathe. VerifAvia is an associate member of the European
Business Aviation Association (EBAA) and an affiliate member of the European
Regions Airline Association (ERA).

Media Contact: Julien Dufour, CEO, Julien.Dufour at VerifAvia.com, Mob. +33-665-697-489