More than two years of careful planning has led to Navtech's acquisition of EAG, and this acquisition is a significant step in Navtech's strategic goal to become the premiere supplier of integrated flight operations solutions to airlines around the world.

Navtech is focussed on increasing its product offering breadth and furthering its geographic/customer expansion. We expect to realize significant revenue growth and increased efficiencies as a result of our combined product scope and market presence, which will position us for further product line/geographic expansion. SAS has also indicated that Navtech will be a good, long-term strategic partner for its airline business.

This acquisition creates tremendous growth opportunities for Navtech and its employees. Both organizations have an extremely complementary skill set, and remarkably little product overlap.

Navtech is well positioned to emerge as the number two flight operations management provider with a tremendous airline customer base and one of the most comprehensive suites of flight operations management solutions. We know the market is looking for a credible #2 provider and, collectively, we have the opportunity to fulfill that need.

Abry Partners gave Navtech subordinated debt to finance this acquisition. Navtech is confident in our ability to meet the demands placed upon the company and sees tremendous growth opportunities in the future. Abry Partners is also confident, noting that they see great strategic value in bringing these two companies together, both for the market and as a business transaction.

Navtech has a tremendous track record of growth and is even stronger with the EAG acquisition. Each company has a similar revenue model that generates significant recurring revenue.

Navtech's management has experience in acquiring companies in the past. EAG is a stable organization with a solid management team. Both companies have a great track record of growth and have a remarkably similar customer base (predominantly mid-size carriers, although each has a couple of major carrier as customers, as well) and revenue model (generating recurring revenue).

Both companies also have complementary product portfolios and a heritage of delivering flight operations solutions to the commercial airline market. The significant similarities that already exist within the two companies will help significantly in the transition to a single, larger organization.

We are focused on future growth, which will create new and exciting opportunities for EAG and Navtech employees with the new Navtech.

More than two years of careful planning has led to Navtech's acquisition of EAG. Detailed analysis of product and market fit, and an experienced management team that has a track record of successfully managing acquisitions in the past ensure that this acquisition is part of Navtech’s overall strategy and support, rather than distracts from, Navtech’s focus on delivering integrated flight operations solutions.

EAG's highly successful charting and navdata products fill a gap that previously existed in Navtech's product portfolio. EAG also has a customer base of more than 100 airlines, predominantly in Europe, which will significantly increase our customer base.

Navtech has a track record of growth, even in troubled times for the airline industry. Navtech has world leading crew planning solutions for commercial airlines, which we expect will have great appeal for European airlines. Navtech also brings a singular focus on the integrated flight operations market, which will help to drive things forward for all customers and employees.

Navtech, Inc., a leading international provider of flight operations software, services more than 100 airlines in 25 countries. Navtech's software provides a competitive edge to airlines by facilitating significant cost savings in fuel management and crew planning, two areas that represent a majority of an airline's variable operating expenditures.

Navtech has achieved strong growth with a revenue model that provides more than 80% recurring revenue, and has maintained 15 consecutive quarters of profitability. Navtech has a proven track record of growing its business even during periods of airline industry volatility. Navtech has successfully built its North American flight dispatch market share, and more recently its crew planning market share, by competing head-to-head on product functionality and customer support, not price.

European Aeronautical Group is a wholly owned subsidiary of the SAS Group, with operations in Sweden and the U.K. The Group produces advanced aeronautical documentation and systems for the aviation industry. Its product line includes different versions of aeronautical and flight navigation documentation and flight and route planning for various systems. EAG is wellknown for its aeronautical charting and navigational data product line, which includes electronic or paper-based air navigation maps of worldwide airports and airspace.

The acquisition of EAG is a significant step in Navtech's goal of becoming the premiere supplier of integrated flight operations solutions to airlines around the world. With the addition of EAG's charting capabilities, Navtech has one of the most comprehensive flight operations management product portfolios that includes aeronautical charting, navigational data, flight planning, crew planning, runway analysis, and weight & balance capabilities. Significant revenue growth and increased efficiencies are expected to result from the newly combined product scope and market presence.

The newly combined company has more than 250 employees and services more than 200 commercial airlines around the world. The company has a strong market presence in North America and Europe, and a growing presence in Asia.

• Navtech, Inc. (OTCBB: NAVH), completed the acquisition of European Aeronautical Group(EAG) from the SAS Group for SEK 162 million (approximately $20 million US) on November 22, 2005.
• An additional consideration is conditional on Navtech meeting certain business performance measures.
• History of dialogue goes back 2 years
• Navtech management saw EAG as an excellent product and market fit
• SAS Group mandated to sell non-airline subsidiaries
• SAS Group views Navtech as good long-term strategic partner
• The financing for the transaction was provided by ABRY Partners of Boston, Cambridge Information Group (CIG) of Bethesda, MD and Externalis of Brussels, Belgium. ABRY provided subordinated debt to Navtech, Inc.
• The deal transforms Navtech into one of the world's leading flight operations solutions
  providers with consolidated revenues in 2004 of $31.7 million US
• Combined staff size of approximately 250 based in Canada, the United States, Sweden and U.K.
• Combined product offering: Navigational Data, Flight Planning, Crew Planning, Runway
  Performance, Aeronautical Charts, Weight & Balance
• Combined customer base of more than 200 airlines including Delta, Air Canada, SAS, British Airways, Air Asia, EVA Airways and JetBlue Airways.
• Furthers strategic objectives, and provides the product scope to enter the Electronic Flight Bag market
• Critical mass in the US and European markets, with a growing presence in the developing Asian market place
• Revenue/market share provides a greater critical mass for company initiatives (cross selling, product line expansion, geographic expansion, future acquisitions)