Former Royal Bank of Scotland Executive to Drive Company’s Ambitious Acquisition Strategy in 2011

Today, Hong Kong Aviation Capital (HKAC) announced the appointment of Mr. Donal Boylan as the new Chief Executive Officer.

After focusing on stabilizing the Allco portfolio (which HKAC acquired in January 2010), re-establishing its banking relationships as well as managing the remarketing and lease extensions of eight aircraft in 2010, HKAC is re-focused on the acquisition of new aircraft transactions. With the appointment of Mr. Boylan and additional commercial leasing executive appointments to come, the shareholders have positioned the company for accelerated acquisition, international expansion and continued industry leadership. The company expects to acquire up to 25 additional aircraft in 2011. To that end, seven new Airbus A320-200 aircraft have been finalized and three have recently been delivered to Wizz Air and Indigo Airlines.

In making the announcement, Mr. Bharat Bhisé, CEO of Bravia Capital, said, “Donal is the right executive to drive Hong Kong Aviation Capital’s strategy of strong growth. His vast market-oriented industry experience will be a valuable asset in reinforcing the company’s position in aircraft investment worldwide.”

Since July 2009, Mr. Boylan has worked closely with Hong Kong Aviation Capital and its shareholders, playing an integral role in the company’s formation, business planning and administration. From 2004 through 2009, Boylan served as the Head of Aerospace & Defense at the Royal Bank of Scotland. Mr. Boylan’s prior experience includes twenty years of significant industry experience in technical and commercial roles at GPA Group plc, GE Capital Aviation Services (GECAS), and RBS Aviation Capital.

Mr. Boylan stated, “I am pleased to join an industry leader such as Hong Kong Aviation Capital. From the base of the Allco aviation portfolio the company has built a solid remarketing and asset management team, and I believe that we have several exciting opportunities to capitalize on that momentum to further develop the business and deliver value to our shareholders.”

Mr. Donal Boylan has relocated to Hong Kong and his role as CEO is effective immediately.