GA Innovation China (a GA Telesis and Air China Joint Venture) Achieves Immediate Milestone by Performing the First Aircraft Disassembly in Beijing, China

July 24, 2013 – Beijing, China – GA Innovation China (“GAIC”), the newly formed joint venture between GA Telesis, LLC and Air China Ltd celebrated together with Beijing Capital International Airport Co., Ltd (“BCIA”) and Aircraft Maintenance and Engineering Corporation (“AMECO”) the start of their first commercial aircraft teardown project involving a Boeing 747-400 aircraft acquired from Air China. All three parties held a ceremony alongside the 747 aircraft in AMECO’s main hangar to kick off the teardown project and sign the airframe sale agreement between GAIC and BCIA.

The aircraft will be disassembled by AMECO and the engines will be exported to the United States. GAIC will select parts derived from the disassembly andwarehouse them in Beijing for sale in both China and the rest of the world. The remaining airframe has been sold by GAIC to BCIA for utilization in fire department and security drills.

GAIC is the first company in China whose core business is to maximize asset values through the teardown, disassembly, repair and sale of used aircraft, engines and components. “We offer competitively priced teardown services here,” said Mark Atkeson, General Manager of GAIC. “We have worked with CAAC, China Customs and airport authorities to facilitate our local teardown solutions.”GAIC offers part-out services in China, creating the greatest value for local airlines, MROs and lessors.