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2010 Annual Report 11 2010 was a year of rapid change and brisk growth for both Kreos Aviation and Central Aircraft Maintenance. Kreos saw its group of pilots more than double since February and we have started to add additional leadership positions to the company to allow us to take better advantage of the growing aviation market in Saskatchewan. We moved into our new hangar and offices in early 2010 and our FBO should be online by December 2010. As with many start-up organisations we have experienced some growing pains and made a few mistakes but we are focussed on making sure we fulfill our original promise to our customers a great flying experience that helps companies and individuals enhance their personal or business opportunities. Kreos is looking to add additional aircraft to our fleet to better serve our growing customer base and will be adding additional team members in both pilot and support positions. With the leadership team that is now in place we expect to achieve similar growth in 2011. Central Aircraft Maintenance CAM realised tremendous improvements in all aspects of their business in 2010. CAM added top quality Maintenance Engineers to an already talented team as well as developing an apprenticeship program to ensure bench strength. This helped Central in meeting its goals of maintaining Kreos fleet as well as continuing to develop a strong third-party maintenance business. With the growth in personnel Central Aircraft has also realised solid progress in both revenues and profits in 2010. One of the key events that aided in this growth was the move into the new hangar and work area in February of 2010. This move was crucial as it allowed CAM to expand its capabilities and work scope in both size and number of aircraft that could be worked on simultaneously. CAM will face a number of challenges in 2011 most importantly working closely with the Kreos Operations Team to maximise aircraft availability to meet increasing customer demand. With the momentum that was started in 2010 we expect another strong year in 2011 for improved revenue profits and team development. Craig Bell