Press Release

Issued by BAA - Business Aviation Asia.

October 9, 2011

BAA Ltd., a PRC company, currently manages a fleet of 23 privately owned business jets with the majority of these aircraft being registered and based in Mainland China.

BAA's fleet will grow to 32 aircraft by the end of 2011, with more aircraft already confirmed to be added in 2012 as well. BAA's current fleet consists of:

1 x Hawker 4000

1 x Challenger 605

1 x F900EX

1 x F7X

2 x Lear 60XRs

2 x Challenger 850s

2 x Airbus A318 Elites

3 x Gulfstream G550s

3 x Gulfstream G200s

7 x Gulfstream G450s

To be added through the rest of 2011 will be an Airbus ACJ, F2000, F900LX, Challenger 850, Global XRS, G450, G550 and two CL605s.

Confirmed for 2012 already are a G450, CL605, Airbus A318 Elite, 2 G550s, 2 F7Xs and 2 Hawker 4000.

BAA was only awarded its Air Operator's Certificate (AOC) by the Civil Aviation Authority of China (CAAC) back in mid - 2007. This certificate permitted BAA to manage privately owned business jets in the PRC under either CCAR Part 91 or CCAR Part 135 regulations. At that time this was a first for the PRC and a non-airline affiliated, non state owned company. BAA also has its CCAR 145 license which allows it to maintain its own aircraft and 3rd party aircraft too.

The first aircraft BAA imported into the PRC back in 2007 was a Gulfstream G200. BAA's fleet by mid 2012 should total over 40 business jets with half of its fleet being Gulfstreams making BAA being one of the largest operators of Gulfstreams in Asia.

To support this vast fleet of business jets across Greater China, BAA currently has operations and maintenance bases located in 7 cities: Shenzhen, Tianjin, Beijing, Shanghai, Hangzhou, Chengdu and Hong Kong. BAA has 263 dedicated employees today which will grow to 340 by the end of 2011.