GA Innovation China has a Grand Opening Ceremony to Launch its Operations in Beijing Focused on the Multi-Billion Dollar Asian

  GA Innovation China has a Grand Opening Ceremony to Launch its Operations in
  Beijing Focused on the Multi-Billion Dollar Asian Commercial Aircraft
  Leasing/Trading and Spare Parts Markets

Business Wire

BEIJING -- March 7, 2013

GA Innovation China (“GAIC”), a subsidiary of Air China, Ltd. and GA Telesis,
LLC, had its grand opening ceremony on March 5, 2013 at the Qin Han Ballroom
at the Beijing Hilton. In attendance were officials, executives, dignitaries
and representatives, of Air China Holdings, Air China, Ltd., officials of the
CAAC, local government officials, aircraft manufacturers' MROs, Banks and
officials of the importation and customs, to show their utmost support for
this first ever venture in China.

GA Telesis CEO, Abdol Moabery, CCO Andrew Toutt, Chairwoman of GA Innovation
China, Zhang Yang, alon ...

GA Telesis CEO, Abdol Moabery, CCO Andrew Toutt, Chairwoman of GA Innovation
China, Zhang Yang, along with Air China President Cai JianJiang and other
Senior Executives of Air China Group, top leadership of the CAAC, the customs
and inspection bureau, Bank of China, the Boeing Company. (Photo: Business
Wire)

In this very well attended ceremony in Beijing, the companies celebrated the
receipt of their formal government license to do business as GA Innovation
China, a 50/50 joint venture that will be based in Beijing. The joint-venture
will be the only China-based integrated aircraft trader/lessor of mid-aged
used aircraft and will also include a full-scale aircraft disassembly and
redistribution business covering the entire Asian market. GAIC will
immediately create many well-paying skilled jobs in China.

The new world class operations will commence operations from Beijing Capital
International Airport. GAIC will focus on providing financial solutions for
airlines in China and Asia that have an increasing need for fleet
decommissioning strategies. The Company will also provide top-quality
used-serviceable components to the Asian market, while also acting as China’s
first integrated asset management company that maximizes aircraft and jet
engine values by using asset disassembly strategies.

“Beijing Ji-An is in its name an innovation, but in practice, it will bring a
new perspective to the Chinese airline industry, and to the rest of Asia for
that matter,” said Chai Weixi, Vice President of Air China Ltd. As a leader in
the airline industry, it is only natural that our strategy surrounding
aircraft disposition management and cost savings are very important to us as
well as our peers,” he added.

"We are privileged to have received our license for GAIC operations in Beijing
and we are honored to have the trust and support of all of those that have
been involved in the development of GA Innovation China,” said Abdol Moabery,
President & CEO of GA Telesis. "Our goals and objectives are focused on
matching different skill sets and bringing new innovation to the Asian
market," he explained further.

"We are excited to be a first mover in the Chinese market with such a
prestigious partner as Air China," said Andrew Toutt, Chief Commercial Officer
of GA Telesis. "The innovations that GAIC will bring to the Asian markets will
lead to financially focused strategies to help airlines manage their operating
expenses and their balance sheet exposure to aviation assets,” he added. "We
expect GAIC to become the preeminent authority in these areas,” he concluded.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130307006383/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50586573&lang=en

Contact:

GA Telesis
Tiffany Harris, +1-954-676-3111
tharris@gatelesis.com
 
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