Press Release

Issued by BAA - Business Aviation Asia.

October 6, 2008

BAA Jet Management Ltd., a Hong Kong Limited Liability Company, announced today that shortly this month it will take delivery of its first managed Airbus aircraft, an A318 Elite+, becoming the first to operate the type in the Asian region.

The aircraft, which will be handed over just after the NBAA show in Orlando, will be based in Shenzhen, China and available for VVIP charter. This A318 Elite+ is also the first of type to be registered in China and, as such, will pave the way for additional sales into this important market.

"This Airbus A318 Elite is the first in Asia to offer customers something that they cannot get with other high-end business jets - much greater comfort, space and ease of movement around the cabin," says BAA Director Sales and Marketing Jeffrey Lowe. "And with seating for 18 passengers in our A318 Elite, we can also carry larger business groups and families than any other corporate jet currently available for VVIP charter in the region today," he adds.

The Airbus A318 Elite is the newest member of the Airbus ACJ Family and offers the widest and tallest cabin of any business jet in its class, as well as all the benefits of a modern and elegant design.

"Asia has long been an important market for Airbus – it's where we won our first airliner sale outside Europe – so it's great to see BAA becoming our first operator in the region for our modern A318 Elite," comments Airbus Chief Operating Officer, Customers, John Leahy. "The longer you fly, the more important your comfort becomes, so the A318 Elite really does have a lot to offer," he adds.