GA Innovation China has grand opening ceremony to launch operations in Beijing

GA Innovation China (“GAIC”) a subsidiary of Air China and GA Telesis, had its grand opening ceremony on March 5th, 2013 at the Qin Han Ballroom at the Beijing Hilton. 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.