TAG Aviation Holding Announced Sale of Remaining Investments

TAG Aviation Holding announced today the sale of TAG Aviation SA and the company’s 51% share of TAG Aviation Asia to its joint venture partner in Asia, Young Brothers Aviation Ltd., and another private investor. The sale of the two charter/management businesses follows the recent divestiture of TAG Farnborough Airport and TAG’s various maintenance and FBO businesses earlier this year. TAG Europe and TAG Asia will continue to trade under the name and logo of TAG Aviation, and several of the current directors will remain on the boards of the two companies.

Following the sale of the companies, Daniel Christe will move to a board position, and Jo Goodall, a long‐term TAG employee, will replace him as CEO of TAG Aviation Europe. At TAG Aviation Asia, current CEO Jolie Howard will be replaced by Steven Young, who is now serving as President of TAG Aviation Asia