Corporate Governance Statement 2012

Aircruising Australia Limited supports the A.S.X Corporate Governance Councils Principles of Good Corporate Governance, and has complied with the Council's Best Practice Recommendations to the extent considered appropriate, given the Company's relative size and other circumstances.

The Board of Directors are responsible for the Corporate Governance of the economic entity of Aircruising Australia Limited. The Board of Directors monitors the business and affairs of Aircruising Australia Limited on behalf of the shareholders by whom they are elected and to whom they are accountable.