Press Release

Issued by TAG Aviation.

January 18, 2016

TAG Aviation Europe today announced the appointment of Daniel Christe as chief executive officer of TAG Aviation Europe with immediate effect.

Mr Christe succeeds Christof Späth who has stepped down from the role due to personal circumstances.

Mr Christe has had a long and successful association with TAG Group, having started his career at TAG Heuer where he swiftly advanced to the position of chief financial officer.

Following the sale of TAG Heuer to LVMH Group in 1999, Mr Christe became the cfo of TAG Aviation Holding and since that time has served with distinction in a number of different capacities within the Holding and its subsidiaries.

Welcoming his promotion Mr Christe said: “I am very enthusiastic to take the lead of TAG Aviation Europe which enjoys an unrivalled reputation in the business aviation industry. I remain mindful about the challenges ahead in the current difficult economic environment but am privileged to have beside me the dedication and support of a very experienced management team.”

Commenting on Mr Christe's appointment, Roger McMullin, chairman, TAG Aviation Europe, board of directors, said: “During Mr Christe's tenure with TAG Aviation he has demonstrated a sound understanding of the aviation business and earned the respect of his fellow colleagues and TAG shareholders alike based on his knowledge, work ethic and professionalism. I am confident that he has the leadership and business skills required to advance TAG's reputation as the finest business aviation company in the industry.”

TAG Aviation Europe offers a broad range of business aviation services including aircraft management, charter, maintenance, FBO/handling and bespoke crew training. Operating from bases in Switzerland, the UK and Spain, the company manages Europe's largest fleet with over 80 aircraft, of which nearly 50 are available for charter.

The company also boasts two of Europe's most experienced and capable aircraft maintenance centres, located in Geneva and Farnborough, along with local maintenance support in Paris, Sion (Switzerland) and Madrid. TAG Aviation's FBO facilities in Geneva and TAG Farnborough Airport, a sister company, have repeatedly won top ratings for FBOs worldwide.