SOURCE: Bravia Capital

Bravia Capital

April 04, 2011 03:00 ET

Donal Boylan Named New CEO of Hong Kong Aviation Capital

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

HONG KONG--(Marketwire - April 4, 2011) - HNA Group Company Limited (HNA) of China, a leading diversified services and integrated operations company, and Bravia Capital (Bravia) of Hong Kong, a leading investor and advisor in the transportation and logistics industries, today announced the appointment of Mr. Donal Boylan as the new Chief Executive Officer of Hong Kong Aviation Capital (HKAC), a subsidiary of HNA and a Bravia affiliate.

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.

About Bravia Capital
Bravia Capital is a Hong Kong-based investment advisory, and private equity firm with a primary focus on transportation and logistics businesses. Please find more information at www.braviacapital.com.

About HNA Group
HNA Group Co. Limited ("HNA") is a leading China-based conglomerate with substantial interests in tourism, transportation, financial services, real estate, infrastructure and logistics. Based in Haikou and Beijing, China, HNA has total assets exceeding USD $30 billion. Please find more information at www.hnagroup.com.

About Hong Kong Aviation Capital
Hong Kong Aviation Capital ("HKAC") is a diversified player in the aviation industry. HKAC is headquartered out of Hong Kong, with offices in Sydney and London. The firm invests in commercial aircraft leases and financial instruments, and also provides aircraft management and advisory services. HKAC's mission is to prudently invest in the global transportation and infrastructure sectors for consistent and long-term returns, creating value for its investors and clients alike. HKAC has a highly capable team with skills and experience in both the financial industry and the management of aircraft assets. The company's Web site can be found at www.hongkongaviation.com

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