Aircraft financier Gecas seeks partner or expanding industry
In an interview with The Irish Times Friday 6th January, Mr Alec Burger CEO GECAS said that while GE does not want to extend its aircraft leasing balance sheet much further, it believes the industry is continuing to grow and is seeking a partner to aid it in cashing in on that expansion adding “We want to be part of the growth, and there is no reason why GE has to have 100 per cent of every deal invested”.
Apollo Aviation Grows Fleet By 64% in 2016
Apollo Aviation Group announced on 10th January that in 2016 its fleet of mid-life aircraft grew by 64 percent while its assets under management (which includes invested capital, indebtedness and available capital) grew by 42 percent to $3.5 billion.
Avolon Appoints Three New Independent Directors
Avolon announced on 6 January the appointment of three independent non-executive Directors to its Board. Dr (Mr) Ciarán Ó hÓgartaigh, Mr Joe Nellis and Mr Denis Kalscheur joined the Avolon Board on 4 January, 2017.
CDB Aviation Lease Finance Appoints Peter Chang As New President & Chief Executive Officer
CDB Aviation Lease Finance the aircraft leasing unit of China Development Bank Financial Leasing Co Limyed announced 12 January the appointment of Peter Chang as its new President & Chief Executive Officer. Mr. Chang will lead CDBALF into the next phase of growth by building a world-class, industry-leading management team and expanding focus beyond China to continue the company’s growth momentum with a view to becoming one of the world’s leading aviation leasing companies.
Elix Aviation Capital Limited announces Volker Fabian as new Chief Executive
Elix Aviation Capital Limited announced on 9 January that Volker Fabian will be joining as Chief Executive Officer from 1 March 2017. Mr. Fabian has over 20 years’ experience in the aviation finance industry and joins from BOC Aviation. Elix co-founders Antonis Simigdalas and Emmanuel Carousos will be supporting the company’s next growth phase through their new mandates at the company’s board of directors.
NAC assigned a BBB investment grade credit rating by Kroll Bond Rating Agency
Nordic Aviation Capital DAC, the Ireland based group parent company of NAC, successfully paves the way for an extended future debt capital market entry. NAC, the World’s leading regional aircraft lessor, announced on 11 January its successful publishing of its BBB investment grade credit rating assigned by Kroll Bond Rating Agency.
SHZ Aviation and Perilune Group sell nine American Airlines A319s to Irish lessor
According to Aircraft Investor website SHZ Aviation and Perilune Group have sold nine 2013 and 2014 vintage A319s to an Irish lessor. The lessor has also taken on the debt from 11 financial institutions that financed the aircraft.
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