Launch of Executive Aircraft Sales, a pioneer in specialized corporate aircraft sales in the Middle East

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Additional offices are planned in Moscow and Hong Kong, with strategic partnerships to be established in each region, through which they will be able to provide the highest standards of total/'turnkey' aviation solutions.

Executive Aircraft Sales is the first initiative of its kind to be based, and operate, in the Middle East. As an independent broker, with no exclusive affiliations to any manufacturers, the company's basic philosophy is to serve its Clients in determining which aircraft - new or pre-owned - best suits the needs. Flying profiles, operational, technical, financial and commercial aspects will all be used in the analyses to help develop customized solutions.

Executive Aircraft Sales is made up of a team of experts, with over 60 years of collective knowledge of the marketplace and extensive hands-on experience in acquisition, sales, management and maintenance.

Arnaud Lelouvier, President of the company, applies 15 years of continuous experience in mergers, acquisitions and financial management, financial restructuring and business valuation of partnership development projects. His prior experience extends from being a co-founder of Strategic Initiatives in Russia, a strategic and M&A advisory firm, where he contributed to successful M&A activities between France and Russia, to holding the position of CEO for SOPACOM, a Family Office in Paris, from 2001 to 2006.

Rudy Amirkhanian and Jean-Paul Boutibou are both Board Members. Rudy Amirkhanian's experience includes being instrumental in establishing, managing or divesting businesses in the UK, Iran and Russia. He is the founder, and until recently CEO of Russian Automotive Components, a major supplier of components to the Russian automotive industry, and Executive Chairman of Trinity Automotive Group, a leading distributor of automotive and leisure products in Russia. Today he serves on the board of three companies and is a senior partner of Strategic Initiatives. Jean-Paul Boutibou benefits from a three-year airline background with UTA French Airlines in Paris, and from 12 years of being on the edge of competition as Airbus Industries Sales Director Middle-East and Africa, with his last three years as head of the Airbus Sales and Marketing Regional Office in Dubai.

Adding to the strength of the business is Nick Mossa as Vice-President Sales. With over a decade of experience in the aerospace industry through roles that included Sales Director for ExecuJet Middle East and recently for Bombardier Skyjet Middle East, India, Turkey and Pakistan. With an extensive knowledge of the Middle Eastern and African markets, Nick Mossa brings together the perfect combination of market knowledge and product expertise to the firm.

Elena Lokteva is Executive Aircraft Sales' Vice-President Finance. She holds over 11 years of experience in automotive and retail with a particular emphasis on optimising the cash flow management, tax planning and legal structuring of international groups with Russia-based operations. Moreover she has been heavily involved in corporate accounting and finance, as well as structuring and execution of M&A transactions. She held the position of Finance director and board member of Trinity

Automotive Group from 2001 to 2006, and of board member of JSC Autoagregat from 2004 to 2005, a major Russian auto parts manufacturer.

The company has also retained the advisory services of Horm Irani, who brings over 24 years of aviation experiences across the military, commercial and corporate sectors.

'The need for a specialist company and services of this nature in the Middle East is immense. The Middle Eastern business aviation market is undergoing substantial growth because of increased global trade, commerce and tourism activities linked to a booming and vibrant economy' comments Arnaud Lelouvier, President of Executive Aircraft Sales.