zhejiang rifa precision machinery co., ltd.pdf.dfcfw.com/pdf/h2_an201807231169038823_1.pdf ·...

002520

ZHEJIANG RIFA PRECISION

MACHINERY CO., LTD.

10

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6

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Rifa Jair ............................................................................... 127

Airwork ................................................................................ 135

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Airwork .................................................................................... 272

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Rifa Jair ........................................................................... 462

Airwork ............................................................................ 468

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8

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10

002520

MCM Machining Centers Manufacturing S.p.A

Rifa Jair Rifa Jair Company Limited

Rifa Jair Holding Rifa Jair Holding Company Limited

Airwork Airwork Holdings Limited

Parcelair Parcelair Limited Airwork 50.00%

Inflite Inflite Charters Limited Airwork 50.00%

Allway Allway Logistics Limited Airwork 50.00%

100.00%

//

100.00%

11

100.00%

2018 1 26

2018 5 14

2018 7 20

2018 5 14

2018 2019 2020 2021

2018 5 14

2016 2017 2018 1-3

2017 2018 1-3

2018 3 31

2018 3 31

2016

2016

2016 6 17

2018

12

Russell McVeagh

Salazar&Asociado Couzyn Hertzog&Horak

Munsch Hardt Kopf&Harr, P.C Gowing WLG

Norton White

[2018]7081

Rifa Jair Rifa Jair

[2018]7083

Airwork Airwork

[2018]7084

[2018]7082

[2018]344

OIO Overseas Investment Office

/CAAC Civil Aviation Administration of

China

/CAANZ Civil Aviation Authority of

New Zealand

/CASA Civil Aviation Safety Authority

FAA Federal Aviation Administration

EASA European Aviation Safety Agency

ICAO International Civil Aviation

Organization

IATA International Air Transport

Association

Toll

Honeywell International

13

Airbus Helicopters

Boeing

Kawaski

Leonardo - Societ per Azioni

Sikorsky Aircraft Corporation

Bell Aircraft Corporation

Russian Helicopters

Freightways Freightways Limited

AAWW Atlas Air Worldwide Holdings, Inc.

ATSG

Air Transport Services Group, Inc.

BRS Bristow Group Inc.

AQZ Alliance Aviation Services Limited

Australia and New Zealand Banking Group

Capital Finance Australia Limited

Eagle Copters Ltd.

Lease Corporation International Limited

Heli Support New Zealand, Ltd.

Milestone Aviation Group

Petroleum Helicopters International, Inc.

Textron Financial Corporation

Waypoint Leasing Services LLC

MRO MaintenanceRepair and

Overhaul

14

/ACMI

AircraftCrew

Maintenance and Insurance

//OEM

Original Equipment Manufacturer

STC

Supplementary Type Certification

SMS Safety Management System

SPI Standard Practice Instruction

15

12

100.00% Airwork

100.00%

100.00%

125,262.66 125,000.00

8.85 /

20

90.00%2018 4 16 2017

10 1.00 2018 5 8

8.75 /

a399101.SZ 30

20 2017 11 23

16

10%

b883131.WI 30

20 2017 11 23

10%

20 90.00%

10

100,000.00

100.00%

20 90.00%

20 = 20

/ 20

=/

20% 110,817,793 110,817,793

2017

17

263,208.91 243,218.19 92.40% 125,000.00 92.40%

100,537.26 74,758.62 74.36% - 74.36%

175,012.42 115,024.45 65.72% 125,000.00 71.42%

2017 12 31

92.40% 2017

74.36% 2017

12 31

71.42% 5,000.00

100.00%

76.50% Airwork 100.00%

Airwork

2016 10 3 2016

Airwork Holdings Limited Rifa

Jair 5.40/Airwork 75.00%Link

18

Market Services1 2017 3 17 Rifa Jair

Airwork 39,202,284 75.00%

2017 9 26 2017

Airwork 2017 10 12 Rifa

Jair 5.20 / Airwork

Link Market Services 2017 12 7

Rifa Jair Airwork 13,081,089

2017 12 18.80%

24,440.00 4.70%

6,110.00 76.50%

1 Link Market Services

19

C37 Airwork

MRO

MRO C37

G56

2018 3 31

100.00%

100.00% 125,262.66 117,902.46 7,360.20 6.24%

125,262.66 117,902.46 7,360.20 6.24%

100.00%

125,000.00

20

12

76.50%

18.80% 4.70%

Airwork 100.00%

1 76.50% 95,625.00 100.00% 95,625.00

2 18.80% 23,500.00 100.00% 23,500.00

3 4.70% 5,875.00 100.00% 5,875.00

100.00% 125,000.00 100.00% 125,000.00

100,000.00

100.00%

12

100.00%

21

a b c d=a-b-c

95,625.00 - - 95,625.00

23,500.00 - - 23,500.00

5,875.00 - - 5,875.00

125,000.00 - - 125,000.00

100.00%

1

36

6 20

6

6

22

2

12

12

36

1 12

2

2018 2019 2020 2021

1

Airwork 2018 2019 2020 2021

23

2,050.00

2,450.00 3,000.00 3,250.00

2

1

Airwork

2

Airwork

=

00

3

=

4

24

Airwork Airwork

+

/

1

=Airwork

2

=Airwork

Airwork Airwork

Airwork

3 Airwork

1

Rifa Jair Holding

Rifa Jair Airwork

2016 9 29

Airwork Rifa Jair

Holding 2016 8 16 Rifa Jair 2016 8 24

Airwork 100.00%

2

Rifa Jair

HoldingRifa Jair Airwork Rifa Jair

25

HoldingRifa Jair Airwork

Airwork

3

100.00%

Rifa Jair Holding Rifa Jair

2016 1 15

100.00%

Airwork 100.00%

3

Airwork 2018 2019 2020 2021

2,050.00 2,450.00

3,000.00 3,250.00

26

Airwork

Airwork

4

1

1

1

36

6 20

6

6

2

3

2 36

27

12 36

1

2

3

12

36

2021

2

1

2

28

MRO

Airwork

Airwork 100.00%

Airwork

Airwork

Airwork

Airwork

29

MRO

Airwork

554,088,969

125,000.00 8.75 /

142,857,141

1 248,094,929 44.78% 357,380,643 51.28%

2 43,740,000 7.89% 43,740,000 6.28%

3 7,129,898 1.29% 7,129,898 1.02%

298,964,827 53.96% 408,250,541 58.58%

4 - - 26,857,142 3.85%

5 - - 6,714,285 0.96%

- - 33,571,427 4.82%

6 255,124,142 46.04% 255,124,142 36.61%

554,088,969 100.00% 696,946,110 100.00%

10

100,000.00

20 90.00%

30

2018 3 31 /

2018 1-3

2017 12 31 /

2017

266,599.57 506,785.99 263,208.91 506,427.10

176,882.87 292,591.86 175,012.42 290,036.87

26,473.49 42,521.57 100,537.26 175,295.88

1,958.83 4,085.11 5,716.94 10,078.90

/ 0.04 0.06 0.10 0.14

% 1.11% 1.40% 0.86% 3.41%

2018 1-3

2018 3 266,599.57

506,785.99 90.09%2017 2018 1-3

100,537.26 26,473.49 175,295.88 42,521.57

74.36%60.62%2017 2018 1-3

0.10 /0.04 / 0.14 /0.06 / 40.00%

50.00%

1

31

76.50%

2

18.80%

3

4.70%

4

100.00%

5

6 OIO OIO 2018 5 23

100%

12

1

2

1

32

2

1

/

/

2/

3

/

1

/

2//

1

2

3/

4

/

5

1

2

3

/

33

1

2

3/

/

/

/

/

/

3

1/

/

2/

//

3/

/

/

34

4/

/

4

5

1

2

3

/

4

6

1

2

35

3

4

7

8

1

2

3

4

1

2

3

3 3

4

5

9

1

2

36

3

4

5

6

7

/

10

1

36

6 20

6

6

2

37

3

11

Airwork Holdings Limited

2003

56

[2005]120

1

38

2

3

4

1

2

3

4

5

1

1

2

3

4

39

2

3

1

2

3

4

1

2

3

3 3

4

5

4

1

2

3

40

4

5

6

7

/

5

1

12

12

36

2

3

42

1

1

36

6 20

6

6

2

12

12

36

2

1 12

2

43

1

2018 2019 2020 2021

2

1

Airwork 2018 2019 2020 2021

2,050.00

2,450.00 3,000.00 3,250.00

2

1

Airwork

2

Airwork

=

44

00

3

=

4

Airwork Airwork

+

/

1

=Airwork -

2

=Airwork

Airwork Airwork

Airwork

45

2018 3 31 /

2018 1-3

2017 12 31 /

2017

1,958.83 4,085.11 5,716.94 10,078.90

/ 0.04 0.06 0.10 0.14

% 1.11% 1.40% 0.86% 3.41%

2018 1-3

2017 1 1 2017

2018 1-3

10,078.90 4,085.11 0.14 /0.06 /

3.41%1.40%

2017 2018 1-3

/

/

47

1

2

1

2

3

48

4

10

100,000.00

Airwork 100.00% 2018 3 31

Airwork 31,179.02

100 454.56

141,727.37 Airwork

61,638.46 80,088.91 130.00%

Airwork 2018

2019 2020 2021

2,050.00 2,450.00 3,000.00

3,250.00

49

Airwork

Airwork Airwork

8

Airwork

Airwork

Airwork

Airwork

50

Airwork Airwork

Airwork

Airwork

Airwork

Airwork

Airwork

Airwork

Airwork

Airwork

Airwork

2017 3

51

Airwork

Airwork

Just Culture

SMSAirwork SMS

Airwork

Airwork

Airwork

Airwork

Airwork /

Airwork

MRO

Airwork

Airwork

2015 11 12 AirworkNZLtd

52

2017 11 12 Airwork

Airwork

Airwork

Airwork

Airwork

Airwork

Airwork

MCM

Airwork

Airwork

Airwork

Airwork

2017 7 31 Airwork 13

2017 7 31 2018

3 31 92,226.91 Airwork

Airwork Airwork

Airwork

53

Airwork

Airwork

Airwork

Airwork

54

1

1

1

2017

IATA

201729%2017

34529815.77%

2

2017

IATA20179.3%

37%2017125.6%

2.2%201720167.8%1.3%IATA

2017

3

GAMA2017

446,00020167.21%

2017201631.1%

55

201737.4%20.26%2017

4,086

2017201725%

7%

54%

2

1

2008

2017

1,059.7 80.8 2016 11.6% 6.2%

1,083.1

12.5%

2

2017

705.8 5.7% 483.7

222.1 1.9%15.0%

1,618.5 7.2%

56

3

2017

1,813 23.2%2017

80 5.7%

-0.94%-0.32%

2017

2017 GDP 8,836 GDP

4,000 8,000

2020

200 5,000 2017

150.00% 120.00%2020

2Airwork

Airwork 1936 MRO

Airwork

57

Airwork

Airwork MRO

Airwork

BK-117

Airwork BK117-850

Airwork

Airwork

Airwork

Freightways

3

2014 MCM

2017

201626.19%2017

35.76% 56.58%

Airwork 100.00% Airwork

58

4

21 2017

6

Airwork

Airwork

5

1,000

2010 11 14

2016 10 27

59

2016 3

2016 5 4

2016 5 17

2017 2 17

2020 2015

156.7% 123.7% 66.7%

105.8%

2016 CCAR-91

CCAR-91

60

1

2014

MCM

Airwork

2

61

MCM

MCM

Airwork

3

Airwork

62

1

Airwork

Airwork

Airwork

Airwork

Airwork

2 Airwork

Airwork MRO

Commercial JetAeronautical

Engineers Airwork

Airwork

63

Airwork

3

2014 MCM

+JFMX

Airwork

BK-117

Airwork MRO

Airwork

Airwork MRO

4

64

Airwork

Airwork

4

Airwork 1936 MRO

Airwork

2017 Airwork

74,758.62 8,658.04

MRO

Airwork

1

76.50%

2

65

18.80%

3

4.70%

4

100.00%

5

6 OIO OIO 2018 5 23

100%

12

1

2

76.50%

18.80% 4.70%

Airwork 100.00%

66

1 76.50% 95,625.00 100.00% 95,625.00

2 18.80% 23,500.00 100.00% 23,500.00

3 4.70% 5,875.00 100.00% 5,875.00

100.00% 125,000.00 100.00% 125,000.00

1

A

1.00

2

2018 3 31

100.00% 100.00%

125,262.66

125,000.00

3

A

4

8.85 /

20

90.00%2018 4 16 2017

10 1.00 2018 5 8

8.75 /

67

a399101.SZ 30

20 2017 11 23

10%

b883131.WI 30

20 2017 11 23

10%

20 90.00%

5

1

/

20 60 120

9.82 10.11 9.88

90% 8.85 9.10 8.90

2

20 90.00%

68

3

20

90.00%

4

6

142,857,141

=

1

95,625.00 95,625.00 109,285,714

23,500.00 23,500.00 26,857,142

5,875.00 5,875.00 6,714,285

125,000.00 125,000.00 142,857,141

69

7

1

36

6 20

6

6

2

12

12

36

8

1

2

1

/

70

2

9

1

2

10

Airwork 2018 2019 2020 2021

2,050.00

2,450.00 3,000.00 3,250.00

Airwork 2018

2019 2020 2021

Airwork

1

Airwork

100,000.00 80.00%

71

100.00%

1

78,342.22 65,000.00 65.00%

2 36,645.83 29,500.00 29.50%

3 5,500.00 5,500.00 5.50%

118,042.85 100,000.00 100,000.00

2

A

1.00

3

10

4

10

100.00%

72

20%

20 90.00%

5

100,000.00

20%

110,817,793

6

1 12

2

73

MRO

Airwork

Airwork 100.00%

Airwork

Airwork

Airwork

Airwork MRO

MRO

Airwork

74

554,088,969

125,000.00 8.75 /

142,857,141

1 248,094,929 44.78% 357,380,643 51.28%

2 43,740,000 7.89% 43,740,000 6.28%

3 7,129,898 1.29% 7,129,898 1.02%

298,964,827 53.96% 408,250,541 58.58%

4 - - 26,857,142 3.85%

5 - - 6,714,285 0.96%

- - 33,571,427 4.82%

6 255,124,142 46.04% 255,124,142 36.61%

554,088,969 100.00% 696,946,110 100.00%

10

100,000.00

20 90.00%

2018 3 31 /

2018 1-3

2017 12 31 /

2017

75

266,599.57 506,785.99 263,208.91 506,427.10

176,882.87 292,591.86 175,012.42 290,036.87

26,473.49 42,521.57 100,537.26 175,295.88

1,958.83 4,085.11 5,716.94 10,078.90

/ 0.04 0.06 0.10 0.14

% 1.11% 1.40% 0.86% 3.41%

2018 1-3

2018 3 266,599.57

506,785.99 90.09%2017 2018 1-3

100,537.26 26,473.49 175,295.88 42,521.57

74.36%60.62%2017 2018 1-3

0.10 /0.04 / 0.14 /0.06 / 40.00%

50.00%

76

ZHEJIANG RIFA PRECISION MACHINERY CO.,LTD.

002520

2000 12 28

2010 12 10

55,408.8969

91330000726586776L

1

1999 3

1,800.00

200.00 624.50 975.50

77

1998 12 31

1999 1 6 199908

1998 12 31 9,896,075.97

1999 2 24

99 124

1 1,600.00 88.89%

2 200.00 11.11%

1,800.00 100.00%

22000 12

2000 12

1,800

2000 143 2000 12 28

1 8,100,000 45.00%

2 3,600,000 20.00%

3 1,800,000 10.00%

4 1,260,000 7.00%

5 1,080,000 6.00%

6 1,080,000 6.00%

7 1,080,000 6.00%

18,000,000 100.00%

78

[2010]1616

A 1,600 2010 12 10

2010 12 28

6,400

2010388

1 32,160,000 50.25%

2 5,760,000 9.00%

3 2,880,000 4.50%

4 2,016,000 3.15%

5 1,728,000 2.70%

6 1,728,000 2.70%

7 1,728,000 2.70%

8 16,000,000 25.00%

64,000,000 100.00%

12011 4

2011 4 22 2010

64,000,000 10 5

96,000,000

[2011] 153 2011 5 19

22012 5

2012 5 3 2011

96,000,000 10 5

79

144,000,000

[2012] 146 2012 6 9

32013 3

2013 3

42013 5

2013 5 3 2012

144,000,000 10 5

216,000,000

[2013]123 2013 5 29

52015 5

2015 5 12 2014

216,000,000 10 5

324,000,000

[2015] 204 2015 6

62015 12 A

[2015]2479

7 A 45,392,646

369,392,646

[2015] 497 2016 2

80

72016 5

2016 5 10 2015

369,392,646 10 5

554,088,969

[2016] 259 2016 8

2014 7 22

MCM Gabriele Gasperini

Giuseppe BollediAlbino PanigariFranco Zanelli Piero Bernazzani

MCM 80.00% 2014 8 6

2014

81

MCM JFMX 2

2017 12 31 /

2017

2016 12 31 /

2016

2015 12 31 /

2015

263,208.91 235,134.81 243,157.41

83,785.32 62,507.97 71,818.69

175,012.42 168,534.59 165,516.24

31.83% 26.58% 29.54%

100,537.26 78,379.10 76,779.84

8,309.42 5,965.07 4,499.54

2 JFMX MCM

2017 2016 2015

6,677.89 6.64% 3,958.97 5.05% 6,260.26 8.15%

19,438.54 19.33% 10,353.91 13.21% 13,026.81 16.97%

4,101.03 4.08% 3,970.38 5.07% 3,582.19 4.67%

26,114.91 25.98% 18,910.62 24.13% 23,406.84 30.49%

5,553.87 5.52% 4,541.56 5.79% 8,673.07 11.30%

35,456.34 35.27% 33,356.06 42.56% 19,398.59 25.27%

496.07 0.49% 413.76 0.53% 512.82 0.67%

142.57 0.14% 125.34 0.16% 372.42 0.49%

2,556.06 2.54% 2,748.50 3.51% 1,546.84 2.01%

100,537.26 100.00% 78,379.10 100.00% 76,779.84 100.00%

82

2017 12 31 /

2017

2016 12 31 /

2016

2015 12 31 /

2015

8,596.52 6,851.34 5,150.87

5,716.94 4,112.47 3,957.80

23,352.60 -738.22 2,288.79

3.33% 2.46% 5.86%

/ 0.10 0.07 0.07

1

173 17F

173 19F

19,000.00

913301001464359715

83

1997 2 26

1997 2 26

2

44.78%

1.29%

100.00%

52.29%

7.89%

2018 3 31

23,915,590 4.32%

84

6,808,898 1.23%

17,106,692 3.09%

530,173,379 95.68%

554,088,969 100.00%

2018 3 31

1 248,094,929 44.78%

2 43,740,000 7.89%

3 22,808,923 4.12%

4 7,129,898 1.29%

5

6,808,897 1.23%

6

6,808,896 1.23%

7 6,289,554 1.14%

8 5,447,132 0.98%

9

4,085,339 0.74%

10 3,143,750 0.57%

354,357,318 63.97% -

85

1

/

//1

2

11997 2

20

8,000.00

97 062

1

5,600.00 70.00%

2 20 2,400.00 30.00%

8,000.00 100.00%

21999 4

1999 4 18

8,000.00 95

86

99 1103

1999 11 22

1 2,400.00 30.00%

2 2,300.00 28.75%

3 1,515.00 18.93%

4 990.00 12.38%

5 795.00 9.94%

8,000.00 100.00%

31999 11

1999 11 95 66

29 1999 4 1999 11

1.00 /

42002 2

2002 2

52003 5

2003 5 2002

2,400.00 10,400.00

[2003] 85

2003 5 16

87

1 3,120.00 30.00%

2 2,990.00 28.75%

3 1,969.50 18.93%

4 1,287.00 12.38%

5 1,033.50 9.94%

10,400.00 100.00%

62003 9

2003 9 29 10

2 5

8 24

1.00 /

72005 12

2005 12 2005

2

20.19% 2,100.00

5.40% 561.22

10.58%

1,100.00 5.77%

600.00 1.83% 190.00

8.36%

869.50

5.13% 533.50

88

8.37% 870.70

2005 12 27

1 4,563.70 43.88%

2 1,161.22 11.16%

3 1,100.00 10.58%

4 1,100.00 10.58%

5 1,100.00 10.58%

6 500.00 4.81%

7 458.78 4.41%

8 416.30 4.00%

10,400.00 100.00%

82007 8

2007 8 2007

43.88% 4,563.70

2007 9 5

1 5,022.48 48.29%

2 1,161.22 11.16%

3 1,100.00 10.58%

4 1,100.00 10.58%

5 1,100.00 10.58%

6 500.00 4.81%

89

7 416.30 4.00%

10,400.00 100.00%

92008 2

2008 2

2008 2 26

1 2,914.60 28.03%

2 2,561.00 24.63%

3 520.00 5.00%

4 500.00 4.81%

5 494.00 4.75%

6 422.50 4.06%

7 408.20 3.93%

8 406.30 3.91%

9 354.90 3.41%

10 322.00 3.10%

11 305.50 2.94%

12 200.00 1.92%

13 169.00 1.63%

14 165.00 1.59%

15 149.50 1.44%

16 118.00 1.13%

17 100.50 0.97%

18 100.00 0.96%

19 99.00 0.95%

90

20 30.00 0.29%

21 20.00 0.19%

22 20.00 0.19%

23 10.00 0.10%

24 10.00 0.10%

10,400.00 100.00%

102009 6

2009 6

8,600.00

19,000.00

[2009] 72

2009 6 17

1 11,514.60 60.60%

2 2,561.00 13.48%

3 520.00 2.74%

4 500.00 2.63%

5 494.00 2.60%

6 422.50 2.22%

7 408.20 2.15%

8 406.30 2.14%

9 354.90 1.87%

10 322.00 1.70%

11 305.50 1.61%

12 200.00 1.05%

13 169.00 0.89%

91

14 165.00 0.87%

15 149.50 0.79%

16 118.00 0.62%

17 100.50 0.53%

18 100.00 0.53%

19 99.00 0.52%

20 30.00 0.16%

21 20.00 0.11%

22 20.00 0.11%

23 10.00 0.05%

24 10.00 0.05%

19,000.00 100.00%

112011 7

2011 7

2.28 21.92% 4,164.75

2013 10 14

4.55% 863.75 13

2011 7 27

1 6,486.10 34.14%

2 4,164.75 21.92%

3 2,561.00 13.48%

4 625.00 3.29%

5 525.00 2.76%

6 520.00 2.74%

92

7 422.50 2.22%

8 408.20 2.15%

9 406.30 2.14%

10 354.90 1.87%

11 337.50 1.78%

12 305.50 1.61%

13 273.75 1.44%

14 247.50 1.30%

15 238.00 1.25%

16 212.50 1.12%

17 169.00 0.89%

18 165.00 0.87%

19 149.50 0.79%

20 148.00 0.78%

21 80.00 0.42%

22 80.00 0.42%

23 60.00 0.32%

24 30.00 0.16%

25 30.00 0.16%

19,000.00 100.00%

1 6,486.10 34.14%

2 4,164.75 21.92%

3 2,561.00 13.48%

4 625.00 3.29%

5 525.00 2.76%

6 520.00 2.74%

93

7 422.50 2.22%

8 408.20 2.15%

9 406.30 2.14%

10 354.90 1.87%

11 337.50 1.78%

12 305.50 1.61%

13 273.75 1.44%

14 247.50 1.30%

15 238.00 1.25%

16 212.50 1.12%

17 169.00 0.89%

18 165.00 0.87%

19 149.50 0.79%

20 148.00 0.78%

21 80.00 0.42%

22 80.00 0.42%

23 60.00 0.32%

24 30.00 0.16%

25 30.00 0.16%

19,000.00 100.00%

3

94

100.00%

21.92%26.38%1.12%3.29%13.48%34.14%

20

130

//

/2

4

5

1

2017 12 31 2016 12 31

1,299,071.90 850,049.25

946,471.84 526,945.76

352,600.06 323,103.49

205,850.10 212,357.07

95

2

2017 2016

539,813.06 193,289.95

3,007.58 -224.64

3,130.06 3,510.75

610.63 1,500.26

6

5%

1

1

6,948.7218

79.17%

2

15,000.00

100.00%

3

10,000.00

100.00% CORP

4

5,000.00

60.00%

96

5

1,000

100.00%

6

5,000.00

100.00%

2017 7 9

7

5,000.00

100.00%

8

10,000.00

100.00%

9

10,000.00

100.00%

97

10

10,000.00

100.00%

11

10,000.00

100.00%

12

5,000.00

40.00%

13

10,000.00

100.00%

2002 1 28

98

1

2-6 3003-4

100,100.00

91330104MA2AY25X2K

2017 11 10

2017 11 10

2

2017 11 100,100.00

100.00

100,000.00 2017 11 10

1 100.00 0.0999%

99

2 100,000.00 99.9001%

100,100.00 100.00%

2018 1 5

SY7446

3

0.0999%GP

30.00%70.00%

100.00%1.11%1.11%1.11%2.22%4.44%6.67%GP83.33%

100.00%

99.9001%

1/

1

2-6 29 2901

100

6,000.00

91330104MA27X6G99G

2016 3 24

2016 3 24

2

1 2016 3

2016 3

3,000.00 2,100.00

750.00 150.00 2016 3 24

101

1 2,100.00 70.00%

2 750.00 25.00%

3 150.00 5.00%

3,000.00 100.00%

2 2016 4

2016 4

25.00% 750.00

2016 4 15

1 2,100.00 70.00%

2 900.00 30.00%

3,000.00 100.00%

3 2017 3

2017 3 3,000.00

6,000.00 2017 1

2,100.00 750.00

2017 3 24

1 4,200.00 70.00%

2 1,800.00 30.00%

6,000.00 100.00%

2017 8

102

3

30.00%70.00%

100.00%1.11%1.11%1.11%2.22%4.44%6.67%GP83.33%

100.00%

4

155

40,000.00

91330100710979380J

103

1998 10 29

1998 10 29

5

2016 3

6

1

2017 12 31 2016 12 31

34,068.32 17,684.22

25,958.51 14,304.90

7,109.81 3,379.32

2

2017 2016

169,768.55 36,001.96

1,400.29 520.58

1,400.19 506.81

1,030.49 379.32

104

7

5%

1

30,100.00 100.00%

2

1,000.00 20.00%

;

**

,

3

100.00 99.00%

2

155 12

500,000.00

913301002539314877

105

1997 8 28

1997 8 28 2047 8 27

3

58 1809

5,000.00

913301040793005073

(

)

2013 9 23

2013 9 23 2043 9 22

2015 4 29

P1011463

106

4

2017 11

5

2017 11

1

2017 12 31 2016 12 31

24,441.04 -

- -

24,441.04 -

2

2017 2016

- -

-11.96 -

-11.96 -

6

1

107

2-6 3003-5

30,100.00

91330104MA2AY9YM68

2017 11 24

2017 11 24

2

2017 11

30,100.00

100.00 30,000.00 2017

1124

1 100.00 0.3322%

2 30,000.00 99.6678%

30,100.00 100.00%

2018 1 5

SCA321

3

108

70.00% 30.00%

0.33229%GP

99.00% 1.00%

100.00%

100.00%

1.11%1.11%1.11%2.22%4.44%6.67%GP83.33%

99.96678%

1/

///3

2

58 1810

100,000.00

913301000793005747

109

2013 9 23

2013 9 23 2043 9 22

/

//3

3

/

//3

4

2017 11

5

2017 11

1

2017 12 31 2016 12 31

6,111.05 -

- -

6,111.05 -

2

110

2017 2016

- -

-2.95 -

-2.95 -

6

46.07%

2 1

112

100.00% Rifa Jair

Airwork 100.00%Rifa Jair

Airwork Rifa Jair

Airwork

173 17F-F1706

150,000.00

91330106MA27YD542E

2016 08 08

2016 08 08

113

12016 8

2016 8 5,000.00 2016

8 8

1 5,000.00 5,000.00 100.00%

5,000.00 5,000.00 100.00%

5,000.00 2017 3 2

22017 8

12017 8

2017 8 5,000 150,000.00

2017 8 25

1 150,000.00 118,000.00 100.00%

150,000.00 118,000.00 100.00%

1

Airwork 75.00%

2 Airwork 25.00%

Rifa Jair

2017 12 12 118,000.00

113,000.00 80,000.00 Airwork 75.00%

114

33,000.00 Airwork 25.00%

2 Airwork 75.00%

1Rifa Jair Airwork 75.00%

2017 3 16 Rifa Jair Airwork 39,202,284

211,692,333.60 Rifa Jair

1

5,000.00

176,323,269.64

83.21%

2 55,000.00

3

25,000.00

4

/ 5,500,000.00

RIFA Salutary

PastoralHong

KongCompany

Limited Rifa

Jair

2.60%

5

/

30,066,102.73

2,000.00

14.19%

/ 85,000.00 211,889,372.37 / 100.00%

Airwork 85,000.00

5,000.00

80,000.00

55,000.00 25,000.00

115

2

2017 6 22

Airwork 75.00%

25,000.00

4.9875%/ 2017 3 1 2017 12

31 2017 3 2

360 2017 8

25 606.12

3

80,000.00

Airwork

2017 8

2017 8 80,000.00

2018 3 31

32017 12

2017 12 18.80%

24,440.00 4.70%

6,110.00

116

2017 12 20

1 114,750.00 90,270.00 76.50%

2 28,200.00 22,184.00 18.80%

3 7,050.00 5,546.00 4.70%

150,000.00 118,000.00 100.00%

1

52.29%

4.70%18.80%76.50%

76.50%

52.29%

2 5%

5%

//

3

117

4

5

Rifa Jair Airwork 100.00%

1

Airwork 100.00%

Airwork Airwork /

/1

2

3

2018 3 31

407.09 100.00%

407.09 100.00%

118

2018 3 31

- -

407.09 100.00%

2018 3 31

Airwork

100.00%

4

5

6

1

119

1

2018 3 31 2017 12 31 2016 12 31

27,504.83 27,086.71 26,194.56

215,684.90 216,131.48 206,648.68

243,189.73 243,218.19 232,843.24

22,719.00 21,214.82 159,988.06

104,711.65 106,978.92 76,756.28

127,430.65 128,193.74 236,744.34

115,759.08 115,302.41 -3,901.10

115,759.08 115,302.41 -3,901.10

2016 1 1 Airwork 100.00%

2

2018 1-3 2017 2016

16,259.14 74,758.62 76,663.24

2,811.04 7,544.09 15,778.46

2,880.70 7,629.12 15,769.12

2,162.40 4,361.95 11,754.77

2,162.40 4,361.95 11,754.77

2016 1 1 Airwork 100.00%

2

1

2018 3 31 2017 12 31 2016 12 31

120

2018 3 31 2017 12 31 2016 12 31

309.55 239.75 -

118,000.00 118,000.00 -

118,309.55 118,239.75 -

407.09 331.88 -

- - -

407.09 331.88 -

117,902.46 117,907.87 -

2

2018 1-3 2017 2016

- - -

-5.40 -90.48 -

-5.42 -92.13 -

-5.42 -92.13 -

3

121

100.00%

100.00%

100.00%

100.00%

Rifa Jair Holding Company Limited

Rifa Jair Company Limited


2018 1-3 2017 2016

Airwork 2,160.19 8,658.04 12,240.35 Airwork

-71.07 -284.00 -284.00

Rifa Jair Airwork

- -2,749.00 -201.00

-53.95 -618.00 -

150.19 -480.00 -

-22.96 -165.09 -0.58

2,162.40 4,361.95 11,754.77 /

2,162.40 4,361.95 11,754.77 /

1

Airwork 22017

Airwork 3Rifa Jair

122

4 Airwork

Airwork

1

2

Airwork

1 Airwork

Airwork 100.00%2016 12

Airwork 75.00% 2017 10 Airwork 25.00%

1 2016 12

Airwork

75.00%

5.4 / 98,831.7 102,380.76

2 2017 10

Airwork

25.00%

5.2 / 33,144.9 31,130.79

131,976.6 133,511.55

131,976.6

133,511.55

2016 12 8 5.40

123

/ Airwork 75.00% 102,380.76

Airwork

Airwork

2017 10 12 5.20

/ Airwork 25.00% 31,130.79


Airwork


133,511.55

22017 12

1

2017 7 6

2

124

2017 12 11

18.80%

24,440.00

4.70%

6,110.00

130,000.00

Airwork

Airwork 100.00%

Airwork

Airwork Airwork

Airwork

3 100.00%

100.00%

2018 3 31 Airwork

100.00%

1 117,902.46 125,262.66 125,262.66 6.24%

Airwork 100.00%

1 61,638.46

141,727.37 141,727.37 130.00%

2 144,367.98

1Airwork 100.00% 31,179.02

125

31,759.94 141,727.37 144,367.98

100 454.56

2

Airwork

Airwork

100.00% 125,262.66

Airwork 2018

3 31 100.00% Rifa Jair 15,475.60

609.95

Airwork 75%

Rifa Jair

Rifa Jair

1

1

2017

12

2017 12 11

18.80%

24,440.00

4.70%

6,110.00

130,000.00 125,000.00 -3.85%

125,000.00 23,500.00

5,875.00 100.00%

126

2 Airwork

Airwork

Airwork

1

2016 12

2017

10

2016 12 5.4

/

Airwork 75.00%

2017 10 5.2

/

Airwork 25.00%

133,511.55 125,000.00 -6.38%

125,000.00 23,500.00

5,875.00 Airwork

4

2018 3 31


127

Rifa Jair



2419284

Room D, 10/F., Tower A, Billion Centre, 1 Wang Kwong

Road, Kowloon Bay, Kowloon, Hong Kong

2016 08 24

10,000

10,000

Rifa Jair 2016 8 24 Rifa Jair Holding

Rifa Jair

1 Rifa Jair Holding 10,000 100.00%

10,000 100.00%

1

Rifa Jair

128

52.29%

4.70%18.80%76.50%

100.00%

100.00%

100.00%



2 Rifa Jair 5%

Rifa Jair 5%

3

Rifa Jair

4

Rifa Jair

5

Rifa Jair

129

6 Rifa Jair Holding

1

2016 8

Airwork

2 Rifa Jair Holding

Airwork

Airwork

Rifa Jair Holding

Rifa Jair Rifa Jair Airwork

Rifa Jair Holding


1

Rifa Jair Airwork 100.00%Airwork

Airwork /

/1

130

2

Rifa Jair

3

Rifa Jair Rifa Jair

2018 3 31

2.77 0.02%

6.62 0.04%

609.95 3.79%

619.34 3.85%

15,475.60 96.15%

15,475.60 96.15%

16,094.94 100.00%

Rifa Jair 15,475.60 609.95

Rifa Jair Airwork

Rifa Jair

Rifa Jair 2017 2 14

2017NZBJ001 Airwork 75%

Rifa Jair 2,000.00 5

1.4%

2017 2 28 Rifa Jair

2,000.00 2017 3 7 2017 3 10 Rifa Jair 2,000.00

1,490.31 1,516.30 3,006.61

2017 3 14 Rifa Jair 21,188.93

2017 3 16 Rifa Jair Airwork 75% 21,169.23

131

Link Market Services

2018 3 31 15,475.60 2018

1-3 7.00

2019 12 21 260.00

2020 12 21 940.00

2021 12 21 800.00

2,000.00

Rifa Jair Rifa Jair

4

Rifa Jair

5

Rifa Jair

6

Rifa Jair

1Rifa Jair

Rifa Jair Rifa Jair

132

1

2018 3 31 2017 12 31 2016 12 31

27,477.62 27,060.93 26,194.56

215,684.90 216,131.48 206,648.68

243,162.53 243,192.42 232,843.24

22,311.92 20,823.95 159,988.06

104,711.65 106,978.92 76,756.28

127,023.56 127,802.86 236,744.34

116,138.97 115,389.55 -3,901.10

116,138.97 115,389.55 -3,901.10

Rifa Jair 2016 1 1 Airwork 100.00%

2

2018 1-3 2017 2016

16,259.14 74,758.62 76,663.24

2,825.80 7,907.55 15,778.46

2,895.47 7,994.22 15,769.12

2,177.18 4,727.06 11,754.77

2,177.18 4,727.06 11,754.77

Rifa Jair 2016 1 1 Airwork 100.00%

2Rifa Jair

Rifa Jair Rifa Jair

1

2018 3 31 2017 12 31 2016 12 31

10.12 10.25 -

133

2018 3 31 2017 12 31 2016 12 31

133,511.56 133,511.56 133,511.56

133,521.67 133,521.81 133,511.56

619.34 578.53 133,712.85

15,475.60 15,604.60 -

16,094.94 16,183.13 133,712.85

117,426.73 117,338.67 -201.29

2

2018 1-3 2017 2016

- - -

88.06 -460.04 -201.29

88.06 -460.04 -201.29

88.06 -460.04 -201.29

3

1

2016 10 3 2016

Airwork Holdings Limited Rifa

Jair 5.40/Airwork 75.00%Link

Market Services 2017 3 17 Rifa Jair

Airwork 39,202,284 75.00%

2017 9 26 2017

Airwork 2017 10 12 Rifa

Jair 5.20 / Airwork


Rifa Jair Airwork 13,081,089

Rifa Jair Airwork

134

20 Rifa Jair Airwork

Rifa Jair Airwork

OIO

Airwork 100.00% OIO

Case201620057Rifa Jair Airwork 100.00%

33

Airwork


2017 3 17

2016 1 1 Airwork100%

2

A 133,511.56

2017.3.31B 66,685.90

C 100.00%

D=BC 66,685.90

E=A-D 66,825.66

66,825.66

3

2016

8 1

20

135

Rifa Jair

Rifa Jair

Rifa Jair


Airwork


241674

9429039946287

2013 12 2017 12

Level 4, 32 Mahuhu Crescent, Auckland Central,

Auckland, 1010, NZ

52,283,373

1984 7 6

MRO

136

11984 7

1984 7 6 Airwork

1 Hugh Ross Jones 150,000 50.00%

2 Gold Chicks Limited 150,000 50.00%

300,000 100.00%

21988 9

1988 9 15 Airwork Hugh Ross JonesGold Chicks Limited

3,200,000

Airwork

1 Hugh Ross Jones 1,750,000 50.00%

2 Gold Chicks Limited 1,750,000 50.00%

3,500,000 100.00%

31989 4 1991 10

1989 4 17Gold Chicks Limited 1,140,000Aphos

Investments Limited

Airwork

1 Hugh Ross Jones 1,750,000 50.00%

2 Aphos Investments Limited 1,140,000 32.57%

3 Gold Chicks Limited 610,000 17.43%

3,500,000 100.00%

Gold Chicks Limited 610,000 Aphos Investments

137

Limited

Airwork

1 Hugh Ross Jones 1,750,000 50.00%

2 Aphos Investments Limited 1,750,000 50.00%

3,500,000 100.00%

1991 10 25 Aphos Investments Limited 1,750,000

Hugh Ross JonesHugh Ross Jones1Whitaker Nominees

Ltd

Airwork

1 Hugh Ross Jones 3,499,999 100.00%

2 Whitaker Nominees Ltd 1 0.00%

3,500,000 100.00%

41990 10

1990 10 24 Airwork Airwork (NZ) Limited

51996 12

1996 12 23 Airwork (NZ) Limited Air Investments Limited

436,275 Hugh Ross Jones 1,315,333 Air

Investments LtdEmerald Capital Holdings Ltd Whitaker Nominees Ltd

1 Air Investments Ltd

Airwork (NZ) Limited

1 Hugh Ross Jones 2,184,666 55.50%

2 Air Investments Ltd 1,751,609 44.50%

3,936,275 100.00%

138

61999 2

1999 2 19 Airwork (NZ) Limited Hugh Ross JonesEmerald

Capital Holdings LtdCraig Louis BakerGregory Boyce BarrowAnthony Joseph

Clark Russell John Goulden 82,000


1 Hugh Ross Jones 2,191,603 54.54%

2 Emerald Capital Holdings Ltd 1,757,172 43.73%

3 Craig Louis Baker 32,000 0.80%

4 Gregory Boyce Barrow 12,500 0.31%

5 Anthony Joseph Clark 12,500 0.31%

6 Russell John Goulden 12,500 0.31%

4,018,275 100.00%

72002 1

2002 1 7 Airwork (NZ) Limited 1999 2

82,000


1 Hugh Ross Jones 2,184,666 55.50%

2 Emerald Capital Holdings Limited 1,751,609 44.50%

3,936,275 100.00%

82003 7

2003 7 31 Airwork (NZ) Limited Airwork Holidngs

Limited

92003 9

2003 9 30Hugh Ross Jones 905,343Hugh Jones

139

Airwork Trust Graham Andrew McKenzieHugh Ross Jones William

Kennedy Flexman

Airwork

1 Emerald Capital Holdings Limited 1,751,609 44.50%

2 Hugh Ross Jones 1,279,323 32.50%

3 Hugh Jones Airwork Trust 905,343 23.00%

3,936,275 100.00%

102006 6

2006 6 30 Emerald Capital Holdings Limited 1,751,609

Hugh Jones Airwork Trust

Airwork

1 Hugh Jones Airwork Trust 2,656,952 67.50%

2 Hugh Ross Jones 1,279,323 32.50%

3,936,275 100.00%

112007 2

2007 2 20 Airwork Hugh Jones Airwork Trust 318,644

Airwork


2 Hugh Ross Jones 1,279,323 30.07%

4,254,919 100.00%

140

122007 3 2007 9

2007 3 Airwork Hugh Ross JonesHugh Jones Airwork Trust.

Helicopters (NZ) Limited 1,073,732

2007 3 22 Airwork 4,254,919

38,294,271 1 10 Airwork

42,549,190

2007 8 7 Airwork Andrew McMaster Susan Gallagher

100,000 Hugh Jones Airwork Trust

2007 8 9 Airwork McMaster/Gallagher 100,000

Hugh Jones Airwork Trust

2007918AirworkHannan1,000,000Hugh Jones

Airwork Trust

Airwork


2 Hugh Ross Jones 10,793,230 25.37%

3 Helicopters (NZ) Limited 4,100,000 9.64%

4 Wayne John Collins 2,000,000 4.70%

5

Michael Walter DanielNigel

Geoffrey Ledgard Burton

Michael Murray Benjamin

700,000 1.65%

6

Michael Walter DanielElizabeth

Beatty Benjamin Michael

Murray Benjamin

340,000 0.80%

7 Barry Francis Fenton Murray

Joseph Tanner 340,000 0.80%

8 Kevin James Hickman Joanna

Hickman 340,000 0.80%

9 Peter Glen Inger Joanne Adele

Inger 340,000 0.80%

141

10 Peter Clynton Brook 340,000 0.08%

11 John Bernard Hart Nola Kay

Dangen 135,600 0.32%

12 Alistair Ross JonesGillian

Keventer Jones Lloyd Evans 135,600 0.32%

13 Leonard Charles Heard 100,000 0.24%

14 Guy Beattie Meredith Thomas

Patrick Donovan 100,000 0.24%

15 ASB Nominees Limited 67,800 0.16%

16 Alan James Collins 67,800 0.16%

17 Kenneth Edward Howard 67,800 0.16%

18 Alistair Ross Jones Struan Ross

Jones 67,800 0.16%

19 Portfolio Custodian Limited 67,800 0.16%

20 Sporting Contacts Limited 67,800 0.16%

21 Dianne May Stewart 67,800 0.16%

22 Graham William de Gruchy

Preston John Epplett 40,000 0.09%

23 Christopher Heard 35,000 0.08%

24 C Flexman Limited 30,000 0.07%

25 Hamish John Alexander 20,000 0.05%

26 David Matthew de Lacey 20,000 0.05%

27 Richard George Lintott 20,000 0.05%

28 Brian Neville Clayton 15,000 0.04%

29 David Malyon Blackwood

Robinson 11,520 0.03%

42,549,190 100.00%

132008 4 2009 4

2008 4 29 Helicopters (NZ) Limited 4,100,000

Hornchurch Limited

2009 4 30 Hugh Jones Airwork Trust 9,053,430

142

Jones Family TrustGraham Andrew McKenzieHugh Ross Jones Pixie Lynn

Jones Peter Clynton Brook 305,000 FNZ Custodians

Limited

Airwork


2 Hugh Ross Jones 10,793,230 25.37%

3 Jones Family Trust 9,053,430 21.28%

4 Hornchurch Limited 4,100,000 9.64%


6




700,000 1.65%

7



Murray Benjamin

340,000 0.80%

8 Barry Francis Fenton Murray

Joseph Tanner 340,000 0.80%


Hickman 340,000 0.80%


Inger 340,000 0.80%

11 FNZ Custodians Limited 305,000 0.72%


Dangen 135,600 0.32%






16 ASB Nominees Limited 67,800 0.16%



19 Alistair Ross Jones Struan Ross 67,800 0.16%

143

Jones

20 Portfolio Custodian Limited 67,800 0.16%










29 Richard George Lintott 20,000 0.05%



Robinson 11,520 0.03%

42,549,190 100.00%

142010 4 2011 4

2010 4 14 Portfolio Custodians Limited 67,800

JBWere (NZ) Nominees Limited

2011 4 26 ASB Nominees Limited 67,800

Investment Custodial Services Limited JBWere (NZ) Nominees Limited

67,800 Graham Bruce GosneyMurray Graham Valentine Stephen

John Grant FNZ Custodians Limited 305,000 Craig James Le

QuesneMary Patricia Brook Peter Clynton Brook Guy Beattie Meredith

Thomas Patrick DonovanRichard George LintottAlistair Ross Jones Struan

Ross JonesBarry Francis Fenton Murray Joseph Tanner 50,000

20,000 67,800 340,000 Airlift Holdings

Limited

144

Airwork


2 Hugh Ross Jones 10,793,230 25.37%




6




700,000 1.65%

7 Airlift Holdings Limited 477,800 1.12%

8



Murray Benjamin

340,000 0.80%


Hickman 340,000 0.80%


Inger 340,000 0.80%

11

Craig James Le QuesneMary

Patricia Brook Peter Clynton

Brook

305,000 0.72%


Dangen 135,600 0.32%




15 Investment Custodial Services

Limited 67,800 0.16%



18

Graham Bruce GosneyMurray

Graham Valentine Stephen John

Grant

67,800 0.16%



21 Guy Beattie Meredith Thomas 50,000 0.12%

145

Patrick Donovan










Robinson 11,520 0.03%

42,549,190 100.00%

152012 5

2012 5 3 Wayne John Collins 550,000 James

Lloyd Developments Limited Investment Custodial Services Limited 67,800

Isabella Barbara Jones

Airwork


2 Hugh Ross Jones 10,793,230 25.37%




6




700,000 1.65%

7 James Lloyd Developments

Limited 550,000 1.29%


146

9



Murray Benjamin

340,000 0.80%


Hickman 340,000 0.80%


Inger 340,000 0.80%

12



Brook

305,000 0.72%


Dangen 135,600 0.32%




16 Isabella Barbara Jones 67,800 0.16%



19



Grant

67,800 0.16%














Robinson 11,520 0.03%

147

42,549,190 100.00%

162012 6

2012 6 1 Airwork Hornchurch Ltd 4,100,000

Crown Asset Management Ltd

Airwork


2 Hugh Ross Jones 10,793,230 25.37%


4 Crown Asset Management Ltd 4,100,000 9.64%


6




700,000 1.65%


Limited 550,000 1.29%


9



Murray Benjamin

340,000 0.80%


Hickman 340,000 0.80%


Inger 340,000 0.80%

12



Brook

305,000 0.72%


Dangen 135,600 0.32%




148




19



Grant

67,800 0.16%














Robinson 11,520 0.03%

42,549,190 100.00%

172013 3

2013 3 7 Airwork Crown Asset Management Ltd 4,100,000

Condor Holdings Ltd

Airwork


2 Hugh Ross Jones 10,793,230 25.37%


149

4 Condor Holdings Ltd 4,100,000 9.64%


6




700,000 1.65%


Limited 550,000 1.29%


9



Murray Benjamin

340,000 0.80%


Hickman 340,000 0.80%


Inger 340,000 0.80%

12



Brook

305,000 0.72%


Dangen 135,600 0.32%







19


Murray Graham Valentine

Stephen John Grant

67,800 0.16%








150







Robinson 11,520 0.03%

42,549,190 100.00%

182013 4

2013 4 15 Airwork C Flexman Limited 30,000

Hugh Ross Jones

Airwork


2 Hugh Ross Jones 10,823,230 25.44%


4 Condor Holdings Ltd 4,100,000 9.64%


6




700,000 1.65%


Limited 550,000 1.29%


9



Murray Benjamin

340,000 0.80%


Hickman 340,000 0.80%


Inger 340,000 0.80%

151

12



Brook

305,000 0.72%


Dangen 135,600 0.32%







19



Grant

67,800 0.16%













Robinson 11,520 0.03%

42,549,190 100.00%

192013 11 2013 12

2013 11 19 Airwork

2.60 / 15,384,616 2013 12 18 Airwork

6,730,769 2013 12 18 Airwork 14,423,077

152

Airwork

1 Hugh Jones Family Trust 13,065,210 26.00%


3 New Zealand Central Securities

Depository Limited 5,228,316 10.41%

4 Condor Holdings Limited 4,100,000 8.16%

5 Hugh Ross Jones 4,092,461 8.15%

6 FNZ Custodians Limited 1,470,551 2.93%


8 Custodial Services Limited 1,190,755 2.37%

9

Michael Murry BenjaminMichael

Walter Danial Nigel Geoffrey

Ledgard Burton

1,100,000 2.19%

10 Superlife Trustee Nominees

Limited 654,415 1.30%


Limited 550,000 1.09%


13 First NZ Capital Securities

Limited 409,796 0.82%

14 Investment Custodial Services

Limited 348,900 0.69%

15

Elizabeth Beatty Benjamin


Michael Walter Daniel

340,000 0.68%

16 Joanna Hickman Kevin James

Hickman 340,000 0.68%

17 Custodial Services Limited 300,100 0.60%

18 Joanne Adele Inger Peter Geln

Inger 300,000 0.60%

19 Rotorua Trust Perpetual Capital

Fund Limited 300,000 0.60%

20 Custodial Services Limited 263,400 0.52%

153

21 5,266,364 10.48%

50,241,498 100.00%

202016 12

2016 10 3 2016

Airwork Holdings Limited 5.40

/ Airwork Holdings Limited 75.00%

2016 11 10

N3109201600570

Airwork 98,831.7 14,751

2016 11 10 [2016]227

Airwork 75.00%

2017 2 14 OIO Case: 201620057 Rifa

Jair Airwork 100.00%

Link Market Services 2017 3

17 Rifa Jair Airwork 39,202,284 75.00%

212017 1 2017 4

Airwork 2014 2 19

2,392,500 2016 12 19

2,041,875 Airwork 350,625

Airwork

2016 12 21 Airwork 1,526,250

2017 1 13

2016 12 22 Airwork 268,125 2017

1 13

154

2016 12 23 Airwork 178,750 2017

1 13

2017 1 26 Airwork 13,750 2017

2 1

2017 3 2 Airwork 41,250 2017

3 6

2017 4 2 Airwork 13,750 2017

4 2

Airwork 52,283,373 Airwork

1 Rifa Jair 39,202,284 74.98%

2 13,081,089 25.02%

52,283,373 100.00%

222017 10

2017 9 26 2017

Airwork

2017 10 12 Rifa Jair 5.20 /

Airwork

2017 11 14

N3109201700075Airwork

98,831.7 14,751

131,976.6 19,698


Rifa Jair 13,081,089 Airwork

155

1 Rifa Jair 52,283,373 100.00%

52,283,373 100.00%

23Airwork

1 Airwork

1

Airwork A

2 Airwork 100.00%

Airwork

Airwork

2

2017 9 27 Rifa Jair 2017

10 12 Rifa Jair 5.20

/ Airwork 25.00% Airwork 2017 9 26

4.30 / 20.93%

2017 11 10 Airwork Wind

2017 11 9 Airwork 5.16 /

Takeovers CodeAirwork Grant Samuel

156

Limited

Airwork Martin Gray Airwork

Rifa Jair 25.00%Grant Samuel

Limited Airwork 4.82 /5.54 /

AirworkRifa JairMartin

Gray Rifa Jair

Airwork

1

Airwork

100.00%

52.29%

4.70%18.80%76.50%

100.00%

100.00%

100.00%




157

2

Airwork

3

Airwork

4Airwork

1Airwork

Airwork 21 4 Airwork

158

50.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%

100.00%100.00%

100.00%50.00%

Allway

Logistics

Limited


Parcelair

Limited

Helilink

Limited

Heli Holdings

Limited

Contract Aviation

Industries Limited

Capital Aviation

Investments Limited

AFO Aircraft

(NZ) Limited

Airwork (NZ)

Limited

Airwork Flight

Operations

Limited

Airwork Fixed

Wing Limited

Airwork Heli Services

(Canada) Limited

Heliport Lease

Holdings Limited

Airwork (Europe)

Limited

Airwork Heli

Engineering Pty

Limited

Airwork (USA)

Limited

Airwork (USA)

LLC

100.00%

100.00% 100.00% 100.00%

33.33%

Heli Holdings

Pty Limited

Air Crane

Bolivia SRL

100.00% 50.00%

50.00%Inflite

Charters

Limited

50.00%

Baxolex Pty

Limited

Helibip Pty

Limited

Airwork Flight

Operations Pty

Limited

AFO Aircraft

(Aus) Pty Limited

Airwork Personnel

Pty Limited

Public Trust

100.00%

100.00%

100.00%

Airwork

Africa Pty

Limited

100.00%

100.00%

159

2Airwork

Airwork

1 Airwork (NZ)

Limited 100.00%

1998 2

16

1.1

Airwork Heli

Engineering Pty

Limited

100.00% 2006 3

28

1.2 Airwork (Europe)

Limited 100.00%

2013 5

1

1.3

Airwork Heli

Services (Canada)

Limited

100.00% 2017 1

19

1.4 Airwork (USA)

Limited 100.00%

2016

10 31

1.4.1 Airwork (USA)

LLC 100.00%

2016

11 14

-

2 Helilink Limited 100.00% 1999 1

28

3 Heli Holdings

Limited 100.00%

1998 4

28

3.1 Heli Holdings Pty

Limited 100.00%

2006 3

28

4 Contract Aviation

Industries Limited 100.00%

2010 2

3

4.1 Barolex Pty Limited 100.00% 2012 7

12

4.1.1 Helibip Pty Limited 100.00%

2012

10 10

4.1.2 Airwork Africa Pty

Limited 100.00%

2014 1

12

4.2 Air Crane Bolivia

SRL1 100.00%

2015

11 10

5 AFO Aircraft (NZ) 100.00% 2010

160

Limited 12 13

6 Airwork Fixed

Wing Limited 100.00%

2017 2

2

7

Airwork Flight

Operations Pty

Limited

100.00% 2006 3

28

7.1 AFO Aircraft (Aus)

Pty Limited 100.00%

2009

119

7.2

Airwork Personnel

Pty Limited 100.00%

2007 4

17

8 Capital Aviation

Investments Limited 100.00%

1997

10 31

9 Airwork Flight

Operations Limited2 -

2003 6

23

10 Heliport Lease

Holdings Limited 33.33%

1999 8

2

11 Inflite Charters

Limited 50.00%

2012 5

3

12 Allway Logistics

Limited 50.00%

2011 7

28

13 Parcelair Limited 50.00% 2015 6

25

1 Sergio Salazar Machicado Ignacio Salazar Machicado 2015 11

11 Unilateral Declaration of Property of Captial Quotas of a Limited LiabilitySergio

Salazar Machicado Heli Holdings Limited Air Crane Bolivia SRL 50.00%Ignacio

Salazar Machicado Contract Aviation Industries Limited Air Crane Bolivia SRL

50.00%Heli Holdings LimitedContract Aviation Industries Limited Airwork

2Public Trust Airwork Flight Operations Limited 100.00% 2017 2

21 Public Trust Airwork Flight Operations Limited Airwork Holdings Limited

161

Charter for Committee of NZ National Directors Exercising Control over Airwork Flight

Operations LimitedAirwork Public

Trust Airwork Flight Operations Limited Deed recording the Holding of Shares on

Trust Public Trust

1Airwork (NZ) Limited

1


892649

9429037923860

c/- Airwork Holdings, Level 4, 32 Mahuhu Crescent,

Auckland Central, Auckland 1010, NZ

50,000

1998 2 16

2

11998 2

1998 2 16 Airwork SI Ltd.

1 Airwork Holidngs Limited 50,000 100.00%

50,000 100.00%

22003 7

2003 7 31 Airwork SI Ltd. Airwork (NZ) Limited

162

3

2018 3 31 2017 12 31 2016 12 31

9,277.67 9,339.26 8,737.17

6,809.34 6,913.46 7,311.51

2,468.33 2,425.80 1,425.66

2018 1-3 2017 2016

1,095.63 5,498.90 6,603.74

42.52 317.60 343.09

2AFO Aircraft (NZ) Limited

1

AFO Aircraft (NZ) Limited

3220506

9429031277624

c/ Airwork Holdings, Level 4, 32 Mahuhu Crescent,

Auckland Central, Auckland 1010, NZ

100

2010 12 13

2

12010 12

2010 12 13 AFO Aircraft (NZ) Limited

1 Airwork Flight Operations Limited 100 100.00%

163

100 100.00%

22017

2017 2 22 Airwork Flight Operations Limited 100

Airwork

AFO Aircraft (NZ) Limited

1 Airwork Holidngs Limited 100 100.00%

100 100.00%

3

2018 3 31 2017 12 31 2016 12 31

20,592.19 20,127.93 18,635.16

16,696.27 16,599.64 15,406.92

3,895.92 3,528.28 3,228.25

2018 1-3 2017 2016

1,282.18 5,410.82 6,330.93

387.43 1,742.04 1,817.11

3Heli Holdings Limited

1

Heli Holdings Limited

906075

9429037855338

Airwork Holdings Limited, Level 4, 32 Mahuhu Crescent,

Auckland Central, Auckland, NZ

164

10

1998 4 28

2

11998 4

1998 4 28 Heli Pilots Limited

1 Heli Holdings Limited 10 100.00%

10 100.00%

Heli Holidngs Limited 1999 11 17 Heli (NI) Ltd.

21999 2 11

1999 2 2 1999 11 12 Heli Holidngs Limited 10

Airwork (NZ) LimitedTourism Holdings Limited

Heli Pilots Limited

1 Airwork (NZ) Limited 5 50.00%

2 Tourism Holdngs Limited 5 50.00%

10 100.00%

31999 11

1999 11 17 Heli Pilots Limited Heli Holidngs Limited

42002 8

2002 8 30 Tourism Holdings Limited 5 Airwork (NZ)

Limited

165

Heli Holidngs Limited

1 Airwork (NZ) Limited 10 100.00%

10 100.00%

Airwork (NZ) Limited 2003 7 31 Airwork Holdings Limited.

3

2018 3 31 2017 12 31 2016 12 31

4,122.93 3,953.46 3,624.85

2,529.84 2,528.59 849.01

1,593.09 1,424.86 2,775.83

2018 1-3 2017 2016

675.23 2,117.37 2,775.03

168.23 426.18 828.83

1

Airwork

MRO Airwork

Airwork

2/

Airwork 21 /

166

/

1 CAANZ Part 119 Air Operator

Certificate AOC73692 Airwork Flight Operations Limited

2014.03.09/

2019.03.08

2 CAANZ Part 141 Aviation Training

Organisation Certificate TR73692 Airwork Flight Operations Limited

2013.11.20/

2018.11.20

3 CAANZ Part 145 Maintenance

Organisation Certificate MO73692 Airwork Flight Operations Limited

2014.08.01/

2019.07.31

4 Open Aviation Market Licence / Airwork Flight Operations Limited 2016.11.4/

2026.11.4

5 Supply Organisation Certificate SUP45273 Airwork (NZ) Limited 2013.09.24/

2018.09.23

6 CAANZ Part 141 Aviation Training

Organisation Certificate TR45273 Airwork (NZ) Limited

2014.09.22/

2019.09.21

7 CAANZ Part 145 Maintenance

Organisation Certificate MO45273 Airwork (NZ) Limited

2014.08.25/

2019.08.25

8 CAANZ Part 146 Aircraft Design

Organisation Certificate DO45273 Airwork (NZ) Limited

2014.01.31/

2019.01.31

9 CAANZ Part 148 Aircraft

Manufacturing Organisation Certificate AM45273 Airwork (NZ) Limited

2014.01.31/

2019.01.31

10 CAA Nepal Part 145 Maintenance

Organisation Validation

AMO/VAL/

49/2006 Airwork (NZ) Limited

2018.05.16/

2018.10.31

11 DGCA Indonesia Part 145 Maintenance

Organisation Approval 145F-571 Airwork (NZ) Limited

2015.11.12/

2017.11.12

12 EASA Part 145 Maintenance

Organisation Approval

EASA.145.0

628 Airwork (NZ) Limited

2013.06.11/

167

/

13 FAA Part 145 Repair Station Approval 8NZY721C Airwork (NZ) Limited

2016.03.01/

2018.10.31

14 CASAPNG Part 145 Maintenance

Organisation Certificate 145/038 Airwork (NZ) Limited

2015.09.01/

2018.08.31

15 CASAPNG Part 146 Design

Organisation Certificate 146/008 Airwork (NZ) Limited

2015.11.01/

2018.08.31

16 SACAA South Africa Part 145

Maintenance Organisation Certificate 1330/NZ Airwork (NZ) Limited

2017.12.21/

2018.07.31

17 General Aviation Air Operator

Certificate AOC57015 Helilink Limited

2014.05.05/

2019.05.04

18 Part 141 Aviation Training Organisation

Certificate TR57015-03 Helilink Limited

2017.05.08/

2019.05.04

19 Agriculture Aircraft Operator Certificate AG57015 Helilink Limited 2014.05.05/

2019.05.04

20 Operating Certificate FO 12864 Airwork Africa (PTY) Ltd. 2018.03.13/

2019.01.31

21 Aircraft Maintenance Organisation

Approval Certificate 1310/FAWB Airwork Africa

2018.03.29/

2019.03.31

168

Airwork 2018

1

TR73692

Airwork Flight

Operations

Limited

2013.11.20-

2018.11.20

2

SUP45273

Airwork (NZ)

Limited

2013.9.24-

2018.9.23

3

AMO/VAL/49/2006

2018.5.16-

2018.10.31

4

145F-571

2015.11.12-

2017.11.12

5

8NZY721C

2016.3.1-

2018.10.31

6

146/008

2015.11.1-

2018.8.31

7

145/038

2015.9.1-

2018.8.31

8

1330/NZ

2017.12.21-

2018.7.31

1

Airwork

Airwork

Airwork

2Airwork

2018

1

Airwork Flight

Operations

Limited

2013.11.20-

2018.11.20

2 Airwork (NZ)

Limited

2013.9.24-

2018.9.23 6 28

3 2018.5.16-

2018.10.31 2018.5.16

169

4 2016.3.1-

2018.10.31

5 2015.11.1-

2018.8.31

6 2015.9.1-

2018.8.31

7 2017.12.21-

2018.7.31

Airwork

Airwork

2015 Airwork

1

2018 3 31 Airwork

2,075.74 1.20%

400.20 0.23%

6,374.60 3.69%

1,070.06 0.62%

558.54 0.32%

16,988.39 9.84%

27,467.51 15.92%

3,650.40 2.12%

138,263.54 80.12%

1,068.16 0.62%

289.95 0.17%

1,322.67 0.77%

504.86 0.29%

145,099.57 84.08%

170

172,567.08 100.00%

1

2018 3 31 Airwork 67

25 42

1 737-300 4

2 737-400 16

3 757-200 5

25

1 AS355 8

2 AS350 4

3 / BK117 29

4 MD500 1

42

67

2

Airwork

3

Airwork

1 Airwork EOQ Limited

Part Level 4,

32-34

Mahuhu

Crescent,

Parnell

2,432.64

88,987.90

2024.12.31 -

171

2

Airwork

NZ

Airfield 495

Limitd

Ardmore-IWS

153

1,646.88

19,800.00

Airwork

3 Ardmore

Airport Limited

487 Airfield

Road

Ardmore

Airport

1,631

2065

241.8

2070

1,371.8

2065

20,800

2070

117,624

2044.10.31 -

4 Hire Frankton

Limited

Tex Smith

Lane,

Qeenstown

4,789.94

102,595

2020.12.31 -

5

Airwork

Fixed

Wing

Limited

Auckland

International

Airport Limited

Hangar 5, 5

Hape Drive,

Mangere

43,107.3

278,686.24

2022.10.25 -

6

Ground

Lease, Hangar

1, Aucland

Airport

25,847.38

333,368.00

Airwork

7 Airwork

Flight

Operations

Pty

Limited

Bernafon

Australia Pty

Ltd.

Lot 4, 629

Nudgee Road

3,907.30

36,300.00

2018.9.30 -

8 Toll

8 Acacia

Street,

Brisbane

N/A

4,498.00

/

ACMI

172

Airport

ACMI

2022.5.31

9

Adelaide

Airport Limited

Building 5 of

Certificate of

Title Volume

6137 Folio

606, Adelaide

Airport

1,092.54

24,500.00

2018.10.2 -

10

Two adjacent

in Building 5

and 1 in

General Staff

Car Paart,

Adeliade

Airport

N/A

90

//

3,240

/

Airwork

11

Airwork

Africa

(Pty)

Limited

Exup Trust

Suite 4, Open

Area 38,

Wonderboom

Airport,

Pretoria

1,259.38

12,937.86

2018.9.30 -

12

Air Crane

Bolivia

S.R.L

Claudia Cecilia

Angelo Aguilera

and Juan Carlos

Prado Velasco

5B, Puerto

Madero

building, el

Barrio Sirari,

Calle Los

Claveles,

Santa Cruz de

154

18,000

2018.10.30

Airwork

173

la Sierra,

Bolivia

(2007)

20

Airwork

4

Airwork 6

/

1 301228 airwork

Airwork

Holdings

Limited

12 2025.11.11

2 301229 airwork

Airwork

Holdings

Limited

35 2025.11.11

3 301230 airwork

Airwork

Holdings

Limited

37 2025.11.11

4 301231 airwork

Airwork

Holdings

Limited

39 2025.11.11

5 821069 helilink

Heli

Holdings

Limited

39 2020.03.16

174

/

6 819972 SKYLINK: /

Airwork

Flight

Operations

Limited

39 2022.02.22

7 821070 skylink

Airwork

Flight

Operations

Limited

39 2020.03.16

819972 Airwork SKYLINK

5

Airwork

1 airwork.co.nz 2018 10 21

2 airworkgroup.co.nz 2019 6 17

3 airworkgroup.com 2019 6 17

4 helilink.co.nz 2018 9 11

5 airworkafrica.com 2018 9 10

6 airwork.nz 2018 9 30

2018

Airwork

2

1

1

175

2017 7 31 Airwork 13

2017 7 31

1

2018 3 31 Airwork

Airwork

AFO

NZD30,000,000 2020.7.31

+

USD45,000,000 2020.7.31

+

USD10,000,000 2019.7.31

USD110,000,000 2021.7.31

USD10,000,000 2019.7.31

2

176

Airwork 13

2017 7 31

1 Airwork Holdings Limited

2 Capital Aviation Investments Limited

3 Contract Aviation Industries Limited

4 Helilink Limited

5 Airwork (NZ) Limited

6 Heli Holidngs Limited

7 Airwork Flight Operations Limited

8 AFO Aircraft (NZ) Limited

9 Heli Holdings Pty Limited

10 AFO Aircraft (AUS) Pty Limited

11 Airwork Flight Operations Pty Limited

12 Airwork (Europe) Limited

13 Airwork Fixed Wing Limited

14 Airwork (USA) Limited

2018 3 31 92,226.91

3

Airwork

1Airwork 2Airwork

3Airwork

100%

Airwork

Airwork

177

2

1 Airwork

A. Airwork

2017 12 31 Airwork 128,528.46

Airwork 2017 12

31

/

1 ATSG 77 - 77 95,520.00 154,884.40 61.67%

2 AAWW 105 - 105 374,585.00 495,546.20 75.59%

3 BRS 32 88 120 203,015.00 311,384.70 65.20%

/ / / / / 67.49%

Airwork 25 42 67 128,528.46 17

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