The GREATER BUSINESS JET FLEET REPORT Year End 2013

Zhuhai

Kuala

ABOUT ASIAN SKY GROUP

Asian Sky Group Limited (“ASG”)

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 INTRODUCTION

TABLE OF CONTENTS

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 1 EXECUTIVE SUMMARY

2 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Greater China Fleet – by OEM

(2%) (38%)

(5%)

(5%)

(4%)

(7%)

(9%)

(30%)

Greater China Fleet - by Aircraft Base*

67%

26%

4% 3%

Hong Kong

*

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 3

KEY FINDINGS

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 5 FLEET BREAKDOWN BY OEM

5 5 4 4 ulfstream ombardier •

6 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013

5 5 5 4 • • • •

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 7 Gulfstream Fleet by Region

(5%) (1%)

(32%)

(62%)

Bombardier Fleet by Region

(3%)

(5%)

(29%)

(63%)

Dassault Fleet by Region

(3%) (3%)

(16%)

(78%)

8 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Cessna Fleet by Region

(7%)

(93%)

Hawker Fleet by Region

(11%)

(5%)

(5%)

(79%)

Embraer Fleet by Region

(6%)

(6%)

(19%)

(69%)

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 9 Airbus Fleet by Region

(5%) (61%)

(5%)

(28%)

Boeing Fleet by Region

(43%)

(57%)

10 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 OEM Market Share - Mainland China

(4%) (2%)

(4%) (36%) (6%)

(10%)

(10%)

(28%)

OEM Market Share - Hong Kong

(3%) (3%) (2%)

(1%) (5%)

(5%)

(33%) (48%)

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 11 OEM Market Share - Taiwan

(7%) (7%)

(7%)

(13%)

(20%) (46%)

OEM Market Share -

(9%)

(9%)

(9%)

(9%)

(9%) (55%)

12 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013

Gulfstream Fleet Breakdown by Operator

45

5

4 4 4 4 4 5 4 4

14 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Bombardier Fleet Breakdown by Operator

5

4 5 5 4 5 5 4 5 5 5 5 5 4 4 4

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 15 Dassault Fleet Breakdown by Operator

4

4 4 4 4 Cessna Fleet Breakdown by Operator

4 5 4 4

16 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Hawker Fleet Breakdown by Operator

4

4 4 5 5

Embraer Fleet Breakdown by Operator

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 17 Airbus Fleet Breakdown by Operator

Boeing Fleet Breakdown by Operator

18 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013

FLEET BREAKDOWN BY AIRCRAFT SIZE CATEGORY

Aircraft Size Category Breakdown

(5%) (3%) (8%)

(6%)

(9%) (29%)

(21%)

(19%)

CORPORATE AIRLINER ULTRA LONG RANGE SUPER-LARGE LARGE

SUPER-MID SIZE MID SIZE SUPER-LITE LITE

20 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Corporate Airliner Category Breakdown by Model

(21%)

(11%)

(25%)

(43%)

Ultra Long-Range Category Breakdown by Model

(4%) (1%)

6%)

(5%)

(5%)

(20%)

(59%)

Super-Large Category Breakdown by Model

(1%) (1%) (4%)

(1%)

(6%)

(21%)

(66%)

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 21 Large Category Breakdown by Model

(4%) (1%) (2%) (7%)

(12%)

(4%) (32%)

(10%)

(7%) (21%)

Super Mid-Size Category Breakdown by Model

(3%) (14%)

(26%) (57%)

Mid-Size Category Breakdown by Model

(9%) (9%)

(9%) (23%)

(18%)

(9%) (23%)

22 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Super-Lite Category Breakdown by Model

(18%) (18%)

(18%)

(28%) (18%)

Lite Category Breakdown by Model

(5%)

(11%)

(5%) (37%) (11%)

(10%) (16%) (5%)

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 23 FLEET BREAKDOWN BY OPERATOR

Total Fleet Breakdown by Operator

45

5 5 4 4 4 4

24 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 25 TOP OPERATORS OVERVIEW

Hainan Airlines Group

BAA

TAG Asia

Metrojet

Jet Aviation HK

26 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Top 5 Operators Fleet Breakdown by OEM

5

4

5

5 4 44

4

45

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 27 HNA Group Fleet Breakdown by Model

5 4 4

Metrojet Fleet Breakdown by Model

4

28 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 BAA Fleet Breakdown by Model

4

TAG Aviation Fleet Breakdown by Model

4

Jet Aviation Fleet Breakdown by Model

4

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 29

Other Large Operators

ChINA UNITED AIRLINES 8 NANShAN JET 8 5

ChINA EASTERN AIRLINES ExECUTIvE AIR 14 SINO JET 8

ChINA FLIGhT INSPECTION CENTRE OF CAAC 8 LILy JET 11 5

BEIJING AIRLINES 11 4

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 31 FLEET BREAKDOWN BY AIRCRAFT REGISTRATION

32 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Greater China Fleet Breakdown by Registration

(2%) (1%) (1%)

(2%)

(3%)

(7%)

(9%)

(60%) (15%)

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 33 Mainland China Fleet Breakdown by Registration

(86%)

(3%) (3%) (2%)

(7%)

Hong Kong Fleet Breakdown by Registration

(2%) (30%)

(3%)

(6%)

(8%)

(22%)

(29%)

34 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Taiwan Fleet Breakdown by Registration

(7%)

(33%)

(60%)

Macau Fleet Breakdown by Registration

(37%)

(9%)

(9%) (9%)

(37%)

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 35 Corporate Airliner Size Category Breakdown by Registration

(3%) (3%) (3%)

(18%)

(11%) (61%)

Ultra Long-Range Size Category Breakdown by Registration

(3%) (1%) (3%)

(12%)

(14%)

(15%) (52%)

Super-Large Size Category Breakdown by Registration

(3%) (1%)

(10%)

(14%)

(16%)

(56%)

36 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Large Size Category Breakdown by Registration

(4%) (4%) (1%)

(5%)

(7%)

(8%)

(20%)

(51%)

Super Mid-Size Category Breakdown by Registration

(3%)

(6%)

(20%)

(71%)

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 37 Mid-Size Category Breakdown by Registration

(5%)

(9%) (9%)

(77%)

Super-Lite Size Category Breakdown by Registration

(100%)

Lite Size Category Breakdown by Registration

(5%)

(11%)

(84%)

38 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013

FLEET BREAKDOWN BY AIRCRAFT AGE DIS- TRIBUTION

40 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Total Fleet Age Distribution

(9%)

(9%)

(20%)

(62%)

Total Fleet Age Distribution

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 41 AGE DISTRIBUTION BY CATEGORY

Corporate Airliner - Age Distribution 5

Ultra Long-Range - Age Distribution 5

Super-Large - Age Distribution 5

Large - Age Distribution 5 42 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Super Mid-Size - Age Distribution

5

Mid-Size - Age Distribution

5

Super-Lite - Age Distribution

5

Lite - Age Distribution

5

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 43 AGE DISTRIBUTION BY OEM Gulfstream Age Distribution

5

Bombardier Age Distribution

5

Dassault Age Distribution

5 Cessna Age Distribution 5

44 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Hawker Age Distribution 5

Embraer Age Distribution 5

Airbus Age Distribution 5

Boeing Age Distribution 5

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 45 SUPPORT INFRASTRUCTURE

Support Facilities - Bombardier

ExecuJet Haite Aviation STAECO

Metrojet Hong Kong

46 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Support Facilities - Dassault Falcon

Jet Aviation Hong Kong

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 47 Support Facilities - Gulfstream

Gulfstream Beijing Service Center

CAE

Hong Kong Flight Safety Metrojet

Jet Aviation

48 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Support Facilities - Cessna

Beijing DINGSHI GA Tech Service Center

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 49 Support Facilities - Embraer

Execujet Haite Aviation

Lufthansa Hainan Airline Center training

Zhuhai Xiyangyi Training Center Zhuhai Hong Kong Metrojet Hainan Airline Training Center

50 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Support Facilities - Airbus

Beijing Training Center AMECO

Airbus Service Center

STARCO

ST Aerospace Technologies (Xiamen)

Technik TAECO

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 51 Support Facilities - Boeing

China Service Center

Shanghai Boeing Shanghai Training Aviation Service Center Campus

TAECO

52 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Fixed Base Operations (FBO) - Greater China

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 53 Global Completion Facilities - OEM Completion Centers

Airbus

Bombardier

Dassault

Embraer

Gulfstream

Cessna

54 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Global Completion Facilities - Independent Completion Centres

Aeria Luxury Interiors Altitude Aerospace Interiors AMAC Aerospace BaySys Technologies Bizjet Comlux Completion USA Duncan Aviation Gore Design Completions Greenpoint Technologies Innotech Aviation JCB Aero Jet Aviation Kvand Aircraft Interiors L-3 Platform Integration Lufthansa Technik PATS Aircraft Systems Sabena Technics SR Technics ST Aerospace Standard Aero, Associated Air Centre TAECO Aerospace Company

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 55 AVIATION FINANCE SERVICE PROVIDERS IN GREATER CHINA

NAME OFFICE LOCATION FINANCE LEASE OPERATING LEASE • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

56 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 2013 AND MARKET TRENDS

Greater China Fleet Growth 2007-2014* 445

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 57 Aircraft Additions in 2013

5 4 5 4

New and Pre-Owned Aircraft Additions 2013

(47%)

(53%)

*

58 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Aircraft Additions and Deductions in 2013

Additions

Deductions

Net Additions

Aircraft Deductions 2013 by Type

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 59 Net Fleet Growth by OEM 2012-2013

4

Market Share Change by OEM 2012-2013

60 The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 Net Fleet Growth by Size Category 2012-2013

Market Share Change by Size Category 2012-2013

The GREATER CHINA BUSINESS JET FLEET REPORT – YEAR END 2013 61