Advanced Inflight Alliance AG: CEO Dr. Rüdiger Berndt resigns from office,Two supervisory board members resign from office; proposal for court appointment of two new supervisory board members, New major shareholder

DJ DGAP-Adhoc: Advanced Inflight Alliance AG: CEO Dr. Rüdiger Berndt resigns from office,Two supervisory board members resign from office; proposal for court appointment of two new supervisory board members, New major shareholder Advanced Inflight Alliance AG / Key word(s): Change of Personnel/Change of Personnel

10.08.2011 23:15

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

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Munich, August 10th, 2011 - the CEO of Advanced Inflight Alliance AG (ISIN DE0001262186, WKN 126218, Schellingstr. 35, 80799 Munich), Dr. Rüdiger Berndt, has today 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 has today 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.

Furthermore 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
Management Board

10.08.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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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 Announcement DGAP News-Service
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(END) Dow Jones Newswires August 10, 2011 17:15 ET (21:15 GMT)