PR91613

LONDON, Sept. 13, 2021 /PRNewswire=KYODO JBN/ --

Avia Solutions Group is pleased to announce it has entered into a strategic

partnership with Certares Management LLC ("Certares"), a leading US-based

investment specialist dedicated to the travel, tourism and hospitality sectors,

in which Certares will provide a Euros300 million structured equity investment.

The investment will help enable the next phase of Avia Solutions Group's growth

plan for services in passenger and cargo aviation, maintenance and engineering,

crew training, ground handling and logistics.  Avia Solutions Group intends to

use the net proceeds from this offering for strategic acquisitions, capital

expenditures and general corporate purpose.  The partnership with Certares will

provide access to Certares's complementary expertise and industry network as

well as add new members to ASG Board that will further strengthen the

governance of the organisation

Gediminas A½iemelis, Founder and Chairman of the Board of Directors of Avia

Solutions Group, said: "We are pleased to welcome Certares as a new strategic

partner in our Group. This important partnership marks the beginning of Avia

Solutions Group's next long-term development stage and the continuation of the

growth of our global partnership network. With their impressive track record

and sole focus on the travel sector, we are convinced Certares will add

significant value to Avia Solutions Group's next phase of growth."

Tom Klein, Senior Managing Director of Certares said: "Avia Solutions Group has

built itself into a premier provider of aerospace services. Certares's

investment will support ASG's growth and consolidation strategy in the

aerospace services sector where they have developed both quality and scale

advantages. The management team's track record of building leading market

positions in the aerospace services sector as well as ASG's broad geographic

footprint, synergistic service offering and proven ability to source and

integrate accretive acquisitions make them a perfect partner for Certares.  We

look forward to partnering with Avia Solutions Group to grow and geographically

expand their leadership positions."

Avia Solutions Group is a leading aerospace services group with almost 100

offices and production facilities worldwide. ASG employs over 7,000 highly

skilled professionals, serving more than 2,000 clients throughout Europe, Asia,

North America, Australia, and far beyond. Avia Solutions Group holds more than

500 licenses for its constantly growing range of activities across multiple

business sectors. Its vast portfolio of services to clients include; aircraft

leasing and trading, MRO services, business aviation and VIP airline

procurement, charter and cargo aviation, pilot and crew training, recruitment

services, along with multiple additional services across a wide range of

associated operations.

Established in 2012, Certares focuses on direct investments in proprietary

transactions, leveraging deep sector experience in the travel and hospitality

industries, and with a consistent emphasis on partnership with management teams

to drive growth. Certares brings together a team with decades of both

operational and investment experience in private equity, travel, tourism,

hospitality and travel-related business and consumer services.  For more

information, please visit certares.com.

The transaction is subject to customary conditions and approvals and is

expected to close in Q4 2021.

ASG was advised by Morgan Stanley & Co. International plc and White & Case as

financial and legal advisers respectively. Certares was advised by Herbert

Smith Freehills as legal adviser.

For media inquiries:

Vilma Vaitiekunaite, Chief Communications Officer

Phone: +442080899777

E-mail: vilma.vaitikeunaite@aviasg.com

About Avia Solutions Group:

Avia Solutions Group is a leading global aerospace service group with almost

100 offices and production stations providing aviation services and solutions

worldwide. Avia Solutions Group unites a team of more than 7,000 professionals,

providing state-of-the-art solutions to the aviation industry and beyond.

For more information about Avia Solutions Group, please visit www.aviasg.com.

About Morgan Stanley:

Morgan Stanley: & Co. International plc ("Morgan Stanley") is authorised by the

Prudential Regulation Authority and regulated by the Financial Conduct

Authority and the Prudential Regulation Authority in the United Kingdom, is

acting exclusively as financial adviser to ASG and no one else in connection

with the Transaction. In connection with such matters, Morgan Stanley, its

affiliates and their respective directors, officers, employees and agents will

not regard any other person as their client, nor will they be responsible to

anyone other than ASG for providing the protections afforded to clients of

Morgan Stanley nor for providing advice in connection with the Transaction, the

contents of this announcement or any matter referred to herein.

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SOURCE: Avia Solutions Group