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MUNICH-QINGDAO STRATEGIC PARTNERSHIP


Aviation Strategies International orchestrated in Qingdao, Shandong Province, China, the signature of an historic agreement, earlier today, between Munich International Airport and Qingdao Liuting International Airport.

APRIL 19, 2005 - MONTREAL – Aviation Strategies International (www.aviationstrategies.aero) announced today the signature of an historic agreement between Munich International Airport and Qingdao Liuting International Airport that will lead to a strategic partnership for the development of the Qingdao Airport, which includes the construction of an estimated $US 100M in new passenger and cargo processing infrastructures. The agreement was signed in the presence of Bavarian Economic Affairs, Infrastructure, Transport and Technology Minister Otto Wiesheu, Qingdao Government Deputy Mayor Shao Jun Hu, and Aviation Strategies International President Pierre Coutu.

“The historic relationship of Qingdao with Bavaria makes this strategic partnership a natural cooperation for both parties. They will jointly draw meaningful benefits from the enhancement and growth potential of the Qingdao Liuting International Airport which will become a model and leader airport in China. Aviation Strategies International is proud to have been associated with the process which led to the signature of this historic MoU” said Aviation Strategies International’s President, Pierre Coutu.

He added: “This is a great day for China and Germany and I am very confident that this agreement will be the basis for a very successful partnership that will largely benefit the economical and infrastructural development of Qingdao and the Shandong province.”

In 2004, the Qingdao Liuting Airport welcomed close to 5 million passengers and handled 104,500 metric tons of cargo. This represents a growth of 38% from 2003. In comparison, the Dorval/Trudeau Airport welcomed around 10,3 million passengers in 2004, a growth of 15% from 2003.

The Civil Aviation Administration of China (CAAC), the central government authority responsible for airport and airline operations completed, last June, the transfer of the administration and ownership of 80 Chinese international airports. Among those was the Qingdao Liuting International Airport, which was transferred to the Municipal Government of Qingdao. This decentralization and liberalization policy in airport management and commercialization follows an international trend initiated several years ago by many countries, including Canada, who implemented its policy in the early 1990’s.

The Chinese aviation industry is currently perceived as the most dynamic and promising market with a general sustained growth of an average of 15% annually since 1999, despite the1999 Asian economic crisis, the September 11 events and the 2003 SARS crisis. According to the Chinese Research Council in Aviation Industry Development, Chinese airlines will purchase over 1,000 regional jets (30-120 seats) in the next 12 years for a total of 2,200 new aircraft in the next 20 years. The Council also foresees that 50 new airports will be built within the next 4 years, and that 120 new airports would be in operation before 2015.

Aviation Strategies International (ASI), founded in early 1998 by Pierre Coutu, provides corporate-level strategic advice and consulting services in the field of civil aviation through an international multi-disciplinary network of seasoned aviation advisors. ASI’s team of highly qualified experts aim at solving aviation-related management and operational problems for its clients in the world aviation industry by providing value-added senior-level strategic advice, analysis and guidance.

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For information:

Hugues Mousseau
(514) 823-9812
hmousseau@aviationstrategies.aero
www.aviationstrategies.aero


Note: High resolution pictures of the signing ceremony and of Qingdao Liuting International Airport new terminal buildings are available upon request.


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