Hong Kong Aviation Capital Appoints Paul Dwyer Head of Risk

HONG KONG, December 1, 2010 - Hong Kong Aviation Capital ("HKAC"), a leading investor in global
aviation finance, announced today it has appointed Paul Dwyer as its new Head
of Risk.

Mr Dwyer will be based in Hong Kong and comes to HKAC after a long career
in aviation and aircraft risk management. Mr Dwyer is expected to begin his
appointment at HKAC on December 1, 2010.

Paul has previously been the Head of Risk for Global Aviation Asset
Management ("GAAM") Pty Ltd in Australia. In this role he was responsible for
all risk management activities, implemented a portfolio monitoring system for
a $1.8 billion portfolio spread over 19 countries and designed and
implemented a comprehensive portfolio credit risk model. His work also
included heading risk analysis for an IPO and advising on reporting
requirements and implications of interest rate and currency movements.

Prior to GAAM, Paul was the Senior Vice President Credit and Research for
Boullioun Aviation Services, Inc. While at Boullioun he pioneered the use of
loss given default, expected loss and economic capital concepts in aviation
operating leasing as part of a comprehensive risk management program.

"We are very pleased to have someone of Paul's caliber joining HKAC, and
see it as another important step in our development and continuing
international expansion," said Mathis Shinnick, CEO, Hong Kong Aviation
Capital.

"Paul's wide experience in and knowledge of risk management will be an
asset to HKAC. His extensive knowledge of risk issues and lease operations
will help us rapidly consolidate our lease management business within the
Allco aviation portfolio acquired early in 2010. It will help us position
HKAC as a leader in the global aircraft leasing marketplace," Mr Shinnick
said.

"Paul is a highly-respected executive in the aviation risk management
field," said Bharat Bhise, CEO of Bravia Capital Partners and investor in
HKAC. "His hiring is a further sign of our commitment to recruit the best
available talent in the industry."

"Hiring Paul will significantly enhance HKAC's position as a leading
industry player whereby our investor and lender base can take additional
comfort that we are focused on ensuring we are being compensated fairly for
the risk profile for every investment," Mr Bhise said.

Paul has an MBA from Seattle University in Washington and a BA in
international studies from Johns Hopkins University in Baltimore.

HKAC secured a portfolio of nearly US$3 billion in assets this year by
completing its acquisition of Allco Aviation in early January 2010. As part
of the acquisition, HKAC retained the existing management team of the Allco
Aviation portfolio.

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.

    Media inquiries, please contact:

    Tracey Yong
    Edelman Sydney
    Ph: +61-2-9291-3367
    tracey.yong@edelman.com

    Jennifer McCloy
    Edelman Sydney
    Ph: +61-2-9291-3328
    jennifer.mccloy@edelman.com

Tracey Yong, +61-2-9291-3367, tracey.yong at edelman.com or Jennifer McCloy, +61-2-9291-3328, jennifer.mccloy at edelman.com both of Edelman Sydney