DGAP-News: Advanced Inflight Alliance AG / Key word(s): Change of Personnel/Change of Personnel Advanced Inflight Alliance AG: Industry experts join the Supervisory Board 08.09.2011 / 13:01 --------------------------------------------------------------------- Press Release Advanced Inflight Alliance AG: Industry experts join the Supervisory Board Munich, September 8, 2011 - The Commercial Registry of the Munich District Court has appointed Mr. Edward L. Shapiro and Mr. Jean-Yves Leblanc to the Supervisory Board of Advanced Inflight Alliance AG (ISIN DE0001262186, WKN 126218, Schellingstrasse 35, 80799 Munich, Germany). The appointment was made at the request of the Company's Executive Management Board after two members of the Supervisory Board stepped down on August 10, 2011, with immediate effect. The Supervisory Board, which must comprise three members, thus is complete again and constitutes a quorum. The Supervisory Board convened and constituted itself today, electing Mr. Edward L. Shapiro its Chairman and Mr. Jörgen Chidekel its Vice Chairman. The Supervisory Board of the world market leader in inflight entertainment has thus been enhanced by two experienced managers and renowned experts in the media, airline, transport and travel sectors. Mr. Edward L. Shapiro, MBA (Master of Business Administration) and CFA (Chartered Financial Analyst), is Vice President of PAR Capital Management Inc., Boston, USA, and has been a Portfolio Manager specializing in media, entertainment and the airline industries since 1997. Mr. Shapiro currently serves on the Board of Directors of Lodgenet Interactive (NASDAQ: LNET); Row 44, Inc.; Legend 3D Inc.; and Lumexis Corporation. Mr. Shapiro previously served on the Board of US Airways Inc. (NYSE: LCC) and Web.com (NASDAQ: WWWW). Prior to joining PAR Capital, Mr. Shapiro was a research analyst and Vice President of Wellington Management Company LLP in Boston from 1990 to 1997. Mr. Shapiro earned his MBA from the Anderson School of Business at UCLA and his BS in Economics from the Wharton School at the University of Pennsylvania. Mr. Jean-Yves Leblanc, MBA (Master of Business Administration), has been a Director of a number of international companies since 2004. Mr. Leblanc has served on the Board of Kéolis SA, Paris, France, a large private operator of public transportation systems worldwide with more than 40,000 employees since 2007, and on the Board of Transat AT, Montréal, Canada, one of the largest travel tour operators in the world since 2008. From 2001 to 2004, Mr. Leblanc was the Chairman of the Board of Bombardier Transportation (30,000 employees in 25 countries, with a major presence in Germany), and from 1986 to 2001, he served as Bombardier's President and Chief Operating Officer (COO). Before that, Mr. Leblanc was executive director of two large companies in Québec, Canada. Says the new CEO/Chairman of the Executive Management Board, Louis Bélanger-Martin: 'I am extremely pleased that we were able to recruit both Mr. Shapiro in his capacity as representative of our new anchor investor, PAR Investment Partners L.P., and Mr. Leblanc for the Supervisory Board. Both gentlemen have extensive industry-specific expertise and enormous management experience, and they will lend valuable support to the Company in achieving its ambitious goals.' Advanced Inflight Alliance AG The Management Board End of Corporate News --------------------------------------------------------------------- 08.09.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Advanced Inflight Alliance AG Schellingstr. 35 80799 München Germany Phone: +49 (0)89 613805-0 Fax: +49 (0)89 613805-55 E-mail: info@aialliance.com Internet: www.advanced-inflight-alliance.com ISIN: DE0001262186 WKN: 126218 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 138657 08.09.2011
DGAP-News: Advanced Inflight Alliance AG: Industry experts join the Supervisory Board
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