Press Release

Issued by Luxaviation Luxembourg.

April 27, 2015

Luxaviation, Europe's leading business aviation group, based in Luxembourg, is further growing its international network of key development partners with today's signature in Shanghai (P.R. of China) of a strategic cooperation agreement with Minsheng Aviation.

The agreement enables both companies to further develop their operational business efforts on the respective continents. The partnership with Minsheng Aviation will allow Luxaviation Group to develop its offer for the fast-growing Asian business jet market and further improve client services in this region. Through its strong European footprint Luxaviation group which, since the beginning of 2015 operates six business jet companies, will enable its new Chinese partner to carry out comprehensive operations with overseas companies and institutions.

After the signature this morning in Shanghai, Patrick Hansen, Co-ceo of Luxaviation Group said: “Having strong European roots, Luxaviation Group needs a network of international partners helping us to understand the needs of the local markets and enhance our expertise. One of our strategic goals is the development of the high-growth markets of the Asia-Pacific. Minsheng Aviation with its significant fleet of jets managed and financed in China and Hong Kong and aircraft financing capacity, is an excellent partner to help us achieve this goal.”

Luxaviation Group today offers the expertise and know-how of 520 employees across six European operating companies: Luxaviation (Luxembourg), Luxaviation Germany (Germany), Abelag (Belgium), Unijet (France), LEA (UK) and Masterjet (Portugal).