BAA and Luxaviation announce new strategic alliance

Western and Eastern private and business aviation expertise combined in one unified service offering

 

April 12, 2017(Shanghai/ Luxembourg):Business Aviation Asia Ltd. (BAA), one of the largest and most influential business aviation operators in Asia Pacific,today announced a new strategic business alliancewithrelated company,LuxaviationGroup.

The partnershipwill see BAA, which provideshigh-level aircraft management services for business jet owners in the Greater China region (Chinese mainland, Hong Kong, Macau and Taiwan) and beyond, working in partnership with LuxaviationGroup, one of the world’s largest private aviation operators,with a fleet of more than 260 aircraft and 1,600 employees worldwide.

Following the signature of astrategic cooperation deal in 2015,the new agreement between the two major private aviation companies, will see BAA, which has been operating in Asia for over a decade, delivering expertise in integratingadvanced western experienceof business jet management to China’s new and burgeoning private aviation sector, working in synergy with LuxaviationGroup. Through its subsidiary ExecuJet, Luxaviation manages 25 world-class fixed-based operator (FBO)facilitiesand 15maintenance centres worldwide and offers combined business aviation experience from some of the world’s most respected private jet operators.

The collaboration will see customers benefitting from the enhanced privileges of a premium global infrastructure and service culture of a truly global aviation business providing charter, FBO, maintenance, aircraft management andaircraft transactions with operations in Europe, Asia, Australasia, Africa, the Middle East, the Caribbean and Latin America.

CMIG Aviation, which is part of the China Minsheng Investment Group, fully owns BAA. President of CMIG AviationMr. Zhu Yiminsaid: “This new strategic partnership in aviation services will undoubtedly help play a highlyimportant role in the further growth and development of China’s business aviation market.The agreement will bring the combined private and business aviation expertise of East and West in one unified service offering, with the kindred companies able to support and complement each other’s operations across Europe and Asia.”

Patrick Hansen, CEO of Luxaviation Group added: “Weare proud to have the opportunity to deliver our expertise to the fast-growing Asian and specifically the Chinese business jet market and support BAA to further improve its client services in this region.”

About Business Aviation Asia Ltd. (BAA)

Business Aviation Asia Ltd. (BAA) was founded in 2006. As a general aviation flagship enterprise under China Minsheng Investment Group (CMIG), BAA has business hubs all over China, Hong Kong, Macau and Taiwan and is committed to provide a high standard of private jet management business in the domestic and overseas markets. Over the past decade, with its high-quality service and good reputation, BAA rapidly established itself as one of the largest business jet operators in the Asia Pacific region.

About Luxaviation Group

Luxaviation is one of the largest private aviation operators worldwide, currently managing more than 260 aircraft under the most stringent safety standards. The company’s commercial fleet is operated under the regulatory umbrella of 14 regional civil aviation issued air-operating certificates (AOCs). Luxaviationmanages 25world-class FBO facilities and 15maintenance centres worldwide, certified to work on most business jets. Luxaviation currently employs more than 1,600 employees worldwide. Further information: www.luxaviation.com

For media enquiries, please contact:

Luxaviation Group

Juliane von Heimendahl

+41 76 356 82 51

juliane.von.heimendahl@execujet.eu

FleishmanHillardon behalf of BAA

Jun Leung

+85225867863

Jun.Leung@fleishman.com