A 6 year tradition comes to an end as Red Bull Air Race GmbH cancels the race in Budapest, Hungary. The race cancellation comes as a surprise following the cancellation of the Portugal race only a week ago. With just the race in Germany remaining for the 2010 season all of the racing teams will have to step it up to win the last race. The announcement about the Budapest race comes as a particular disappointment to Team #99 as it was a victorious race for us in 2009. We hope to return to both Budapest and Portugal next year and look forward to the announcement of the 2011 schedule following the race in Germany in only a couple of weeks.

For the official press release from Red Bull Air Race GmbH regarding the cancellation please read below or visit www.redbullairrace.com.

STATEMENT

13 July 2010

Red Bull Air Race World Champion to be crowned in Germany following cancellation of this year’s Budapest race

The Red Bull Air Race in Budapest has been cancelled this year due to lengthy delays in the permissions process the organization announced with regret today. Interrupting a six-year tradition of racing in the Hungarian capital, the Red Bull Air Race World Champion will now be crowned after the final race of the 2010 season at EuroSpeedway in Lausitz, Germany on 7 th & 8 th August.

Budapest has been an annual fixture on the Red Bull Air Race World Championship calendar since 2004 with enormous crowds of more than 600,000 spectators watching the racing from the banks of the Danube River. This year’s race, which would have been the seventh annual race in Budapest, was set for 19 th & 20 th August.

Red Bull Air Race GmbH CEO Bernd Loidl expressed his disappointment over the Budapest cancellation, which comes just a week after a race cancellation in Portugal due to unexpected delays in reaching a revised host city agreement. But he said he hoped Budapest would be back on the calendar in 2011. Loidl also said the 2011 calendar – which will include a return to New York after the historic first race there in June; will be announced after the final round in Germany next month.

“Having safely and successfully executed the Red Bull Air Race World Championship in Budapest for the past six years, it was a tough decision to make,” Loidl said. “Following so close to the cancellation of the Portugal race last week, we are obviously disappointed and every effort will be made to see a return to Budapest in 2011. Securing the future of the Red Bull Air Race World Championship is paramount and making tough decisions is part of that process. We look forward to announcing the 2011 calendar after the final round in Germany including a much anticipated return to New York in the United States.”

The battle for the 2010 Red Bull Air Race World Championship will remain intense at Lausitzring in Germany, where defending champion Paul Bonhomme is holding a five-point lead over 2008 champion Hannes Arch of Austria. Arch has won three of the last five races and is confident he can overtake Bonhomme down the home stretch of the 2010 season to take his second title. The race in Germany will be the 50 th Red Bull Air Race since the sport was created in 2003. It has been a FAI-recognised world championship since 2005.

Ticket Refunds:
For tickets purchased via www.redbullairrace.com – refunds will be made automatically to the purchaser’s credit card, to the face value of the event ticket.

Tickets purchased through ticketing, travel or hospitality agencies are advised to contact their sales agents directly for a refund.

For further information contact:
[email protected]