Charter & Fractional
TAG and China First Mandarin Group form business aviation partnership
TAG Aviation Asia and China First Mandarin Group (CFMG) signed a preliminary joint-venture agreement to serve the business aviation market in Asia with air

TAG Aviation Asia and China First Mandarin Group (CFMG) signed a preliminary joint-venture agreement to serve the business aviation market in Asia with aircraft charter, management and maintenance services. The agreement will be finalized when Chinese government approval is received, which is anticipated to occur in early 2011, according to Robert Wells, CEO of TAG Aviation Holding CEO.

The joint-venture company will be named TAG Aviation China and will be held 51 percent by CFMG and 49 percent by TAG Aviation. The deal has the potential to establish a significant new force in China's business aviation sector, which has been slow to develop due regulatory restrictions and bureaucracy.

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