Press release - Advanced Inflight Alliance AG

Press release
Advanced Inflight Alliance AG: Changes in the Management
Board and Supervisory Board and a new major shareholder
Munich, August 11 th , 2011 – Advanced Inflight Alliance AG (ISIN
DE0001262186, WKN 126218, domiciled at: Schellingstrasse 35, 80799
Munich) announced yesterday in an ad-hoc release that there have been
changes in both its Management Board and its Supervisory Board. The CEO of
Advanced Inflight Alliance AG, Dr. Rüdiger Berndt, has yesterday in an
amicable decision reached with the supervisory board resigned from office
effective immediately. The service agreement between Dr. Berndt and the
company was simultaneously amicably terminated. The supervisory board
yeserday has appointed Louis Bélanger-Martin as CEO to succeed Dr. Berndt
effective immediately. Mr. Bélanger-Martin, co-founder and CEO of DTI
Software Inc., Montréal, Canada has been a member of the management
board of the company since October 2010 and has until now been responsible
for the operational side of the business.
Dr. Berndt has been instrumental since 2001 in supporting the Company’s
development into the global market leader in inflight entertainment. In March
2010, he resigned his seat as Chairman of the Company’s Supervisory Board
to become its Management Board Chairman/CEO. The Company has posted
record earnings under his leadership, both in the 2010 financial year and in
the first quarter of 2011. Moreover, Dr. Berndt strengthened the Company’s
market leadership through the simultaneous acquisition of the two leading
independent content providers for Inflight Entertainment in Asia and the U.S.
Dr. Rüdiger Berndt: “The acquisition of Entertainment in Motion and Emphasis
Video Entertainment successfully continued the Company’s buy-and-build
strategy. The AIA Group now covers the entire value chain. This is the best
time for me to hand off the position of CEO to Mr. Louis Bélanger-Martin, our
specialist for inflight entertainment operations. I am proud to be able to hand
over an outstandingly positioned Company, and I am confident that it will
further strengthen its leading position in the years to come. I thank all staff
members and colleagues — especially the members of the Supervisory Board
— for their excellent work and collaboration during my ten years of service to
the Company.”
The Chairman of the Supervisory Board, Dr. Ingo Krocke: “I thank Dr. Rüdiger
Berndt on behalf of the Company for his many years of highly successful
service to it and wish him all the best for his future responsibilities.”
Mr. Bélanger-Martin will now assume the position of the Company’s Chairman
of the Management Board/CEO in an orderly succession process and continue
to implement its strategy jointly with its Chief Financial Officer, Mr. Wolfgang
Brand.
For more information, please contact: Advanced Inflight Alliance AG
Schellingstrasse 35 | 80799 Munich | Tel.: ++49 89 613805-0 | Fax: ++49 89 613805-55 | info@aialliance.com | www.advanced-inflightalliance.com

The Company’s new CEO, Mr. Louis Bélanger-Martin: “We will continue to
strengthen our position as the market leader in our industry and, at the same
time, expand into other niche markets such as trains, hotels and hospitals. As
the new CEO, I look forward to my ongoing collaboration with the most
experienced and innovative people in our industry in order to continue
enhance our entertainment services and thus the Company.”
Furthermore yesterday the two supervisory board members Dr. Ingo Krocke
(Chairman of the supervisory board) and Arne Christes have today resigned
from office effective immediately. As such the supervisory board, which is
required to be composed of three members, is no longer capable of passing
any resolutions. The management board of the company will make a prompt
application to the local court of Munich pursuant to section 104 AktG for the
court appointment of two new members of the supervisory board.
The departure of the current members of the supervisory board Dr. Ingo
Krocke und Arne Christes is in connection with a material reduction in the
participation of one of the company’s major shareholders. Auctus
sechsundzwanzigste Beteiligungsgesellschaft mbH, Munich, Germany, and PAR
Investment Partners, L.P., Boston, USA, informed the company that they have
agreed on the sale of 1,740,000 shares (10.5 per cent of the voting rights) in
the company to PAR Investment Partners L.P.
PAR Investment Partners, L.P. has informed the company that it has entered
into further agreements that entitle PAR Investment Partners, L.P. to acquire
further shares (and thus voting rights) in the company totalling in excess of 29
per cent, however, according to PAR Investment Partners, L.P. not exceeding
29.99 per cent.
Advanced Inflight Alliance AG welcomes its new major shareholder, PAR
Investment Partners, L.P.
Advanced Inflight Alliance AG
The Management Board
For more information, please contact: Advanced Inflight Alliance AG
Schellingstrasse 35 | 80799 Munich | Tel.: ++49 89 613805-0 | Fax: ++49 89 613805-55 | info@aialliance.com | www.advanced-inflightalliance.com