TAG Aviation Holding has sold TAG Aviation SA and the company’s 51 per cent share of TAG Aviation Asia to its joint venture partner in Asia, Young Brothers Aviation, and another private investor. The sale of the two charter/management businesses follows the recent divestiture of TAG Farnborough airport and TAG’s maintenance and FBO businesses earlier this year. TAG Europe and TAG Asia will continue to trade under the name and logo of TAG Aviation, and several of the current directors will remain on the boards of the two companies.

Following the sale of the companies, Daniel Christe will move to a board position, and Jo Goodall, a long‐term TAG employee, will replace him as CEO of TAG Aviation Europe. At TAG Aviation Asia, current CEO Jolie Howard will be replaced by Steven Young, who is now serving as president of TAG Aviation Asia.

Chairman Roger McMullin remarks: “Young Brothers Aviation has been a trusted partner of ours for over 20 years, and we are pleased that it has chosen to increase its ownership stake in the charter/management companies. Its presence, combined with the continuity of board membership, assures our customers and employees alike that the culture and values that have characterised TAG Aviation over the past 50‐plus years will remain.”