Press Release

Issued by BAA - Business Aviation Asia.

October 9, 2011

BAA Ltd., a PRC company, has signed an Investment Agreement with the Tianjin Airport Development Zone for 67,000 sq-m of land within the airport's bonded, free trade zone.

BAA Ltd. plans to invest RMB 340 Million (US$53.3M) to build a 1100 m taxi way; maintenance, parking and paint hangars; workshops; FBO and offices. Construction is due to commence in April 2012 with completion of all the facilities and start of service expected by October 2013. Eventually BAA Ltd. will also establish a Training Center in Tianjin.

Initially BAA Ltd. will support and service its own fleet of managed aircraft which is expected by mid 2012 to total over 40 business jets. BAA Ltd.'s current fleet will total 32 aircraft by the end of 2011 with on average an additional aircraft being added per month for the future.

BAA Ltd. selected Tianjin Airport for this major investment due to:

• Located just 120 km from Beijing Capital Airport with high speed rail & expressway connections to Beijing City Center;

• Open 24 hours with CIQ facilities;

• Tax free zone for bonded stores;

• Profit, Operating & Income tax incentives

• Already an established aviation hub for cargo flight operations and Airbus single aisle final assembly