TAG Aviation Asia Ltd, a subsidiary of TAG Aviation Holding S.A. from Switzerland, on Wednesday announced its business expansion in Hong Kong.

The company has already hired additional staff and moved into a larger office in Wanchai in response to growing demand for their services, company officials said.

"TAG Aviation Asia's business plan for Hong Kong is long-term. We have significantly invested in our people and infrastructure locally. This city is the ideal starting point for our strategic expansion in Asia and as we continue to grow in the future, Hong Kong will remain our regional headquarters," said Neil Gibson, CEO of TAG Aviation Asia.

Simon Galpin, director-general of Investment Promotion at Invest Hong Kong, welcomed the company's business expansion, saying "TAG Aviation Asia's continued investment and expansion in our city is an illustration of the opportunities in, and strong support of, Hong Kong's aviation industry."

Established in Hong Kong in 2006, the company is responsible for the Asian expansion of its parent company TAG Aviation's global business aircraft services. The company currently operates over 200 business aircraft worldwide.

(Xinhua News Agency May 28, 2009)