GE Capital Aviation Services

Global Critical Logistics Appoints Daniel Rosenthal President and Chief Executive Officer

Retrieved on: 
Tuesday, April 4, 2023

Global Critical Logistics (“GCL”), a leading provider of mission-critical freight forwarding and global logistics to specialty sectors, and a portfolio company of ATL Partners, today announced Daniel Rosenthal has been named President and Chief Executive Officer, effective April 24, 2023.

Key Points: 
  • Global Critical Logistics (“GCL”), a leading provider of mission-critical freight forwarding and global logistics to specialty sectors, and a portfolio company of ATL Partners, today announced Daniel Rosenthal has been named President and Chief Executive Officer, effective April 24, 2023.
  • Most recently, Mr. Rosenthal served as Chief Revenue & Operating Officer (“CRO & COO”) of Root, Inc. (NASDAQ: ROOT), a technology-based provider of auto insurance solutions.
  • Prior to Root, Mr. Rosenthal co-founded Milestone Aviation Group in 2009, where he served in multiple roles including ultimately Chairman, President and Chief Executive Officer.
  • We are confident that the addition of Dan will only bolster GCL’s standing as a consistent provider of high-performing specialty logistics solutions.”

Viad Corp Reports Results for the 2022 Fourth Quarter and Full Year

Retrieved on: 
Thursday, February 9, 2023

Revenue increased $53.7 million (34%) from the 2021 fourth quarter primarily driven by increased live event activity at both GES Exhibitions and Spiro.

Key Points: 
  • Revenue increased $53.7 million (34%) from the 2021 fourth quarter primarily driven by increased live event activity at both GES Exhibitions and Spiro.
  • Adjusted EBITDA increased by $3.1 million from the 2021 fourth quarter primarily due to higher revenue, offset in part by higher costs to support increased business activity.
  • Regarding GES’ overall results, Moster commented, “GES delivered significant year-over-year growth in 2022 as live event activity improved at an accelerated pace.
  • Our 2022 full year cash flow from operations was an inflow of approximately $72 million, our capital expenditures totaled approximately $67 million.

Prominent In-House Lawyer and Global Head of Tax Brian Radigan Joins Morrison Foerster

Retrieved on: 
Thursday, September 29, 2022

NEW YORK, Sept. 29, 2022 /PRNewswire-PRWeb/ -- Morrison Foerster, a leading global law firm, is pleased to announce the arrival of Brian Radigan as a partner in the firm's U.S. Federal Tax Group and Global Tax Department. Radigan brings to Morrison Foerster 17 years of sophisticated in-house and law firm experience in international tax transactions and transactional tax work, including M&A, structuring cross-border multinational arrangements, non-controlling investments in startups, and a wide array of structured capital markets transactions.

Key Points: 
  • NEW YORK, Sept.29, 2022 /PRNewswire-PRWeb/ -- Morrison Foerster , a leading global law firm, is pleased to announce the arrival of Brian Radigan as a partner in the firm's U.S. Federal Tax Group and Global Tax Department .
  • Radigan joins Morrison Foerster from New Fortress Energy, where he served as the global head of tax.
  • "Brian brings to the firm an impressive background, including a decade of in-house experience at two prominent global companies, together with invaluable law firm experience," said Morrison Foerster Global Tax Department Chair Anthony Carbone .
  • "Morrison Foerster is an exceptional firm with tremendous tax and global corporate transactional and M&A capabilities," said Radigan.

New Study from StrategyR Highlights a $264.8 Billion Global Market for Aviation Asset Management by 2026

Retrieved on: 
Wednesday, June 29, 2022

SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Aviation Asset Management - Global Market Trajectory & Analytics" .

Key Points: 
  • SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Aviation Asset Management - Global Market Trajectory & Analytics" .
  • Preview Registry
    Amid the COVID-19 crisis, the global market for Aviation Asset Management estimated at US$200.3 Billion, is projected to reach a revised size of US$264.8 Billion by 2026, growing at a CAGR of 4.8% over the analysis period.
  • The U.S. Market is Estimated at $55.8 Billion in 2021, While China is Forecast to Reach $54.4 Billion by 2026
    The Aviation Asset Management market in the U.S. is estimated at US$55.8 Billion in the year 2021.
  • Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company.

AV AirFinance Expands Dublin Team with New Executive Appointment

Retrieved on: 
Wednesday, May 11, 2022

AV AirFinance Limited (AV AirFinance), a global commercial aviation loan servicer, announced today that Neal McElvaney has joined AV AirFinance as Senior Vice President-Loan Origination (EMEA).

Key Points: 
  • AV AirFinance Limited (AV AirFinance), a global commercial aviation loan servicer, announced today that Neal McElvaney has joined AV AirFinance as Senior Vice President-Loan Origination (EMEA).
  • He also held senior roles within the GECAS risk team, managing commercial aviation risk exposure across a wide range of customers and jurisdictions.
  • We are delighted to welcome Mr. McElvaney to the AV AirFinance team, said Axel Hammar, Chief Risk Officer at AV AirFinance.
  • AV AirFinance is a global commercial aviation loan servicer established by a team of experienced industry professionals and KKR in June 2021.

Avolon and AirAsia Partner to Create a Transformational Ride Sharing Platform in Southeast Asia

Retrieved on: 
Wednesday, February 16, 2022

In addition to the eVTOL aircraft, Avolon, through its investment and innovation affiliate Avolon-e, will partner with AirAsia to commercialise zero-emissions eVTOL aircraft and develop an industry leading urban air mobility (UAM) platform in Southeast Asia.

Key Points: 
  • In addition to the eVTOL aircraft, Avolon, through its investment and innovation affiliate Avolon-e, will partner with AirAsia to commercialise zero-emissions eVTOL aircraft and develop an industry leading urban air mobility (UAM) platform in Southeast Asia.
  • Avolon and AirAsia will form a working group to pursue local certification, research potential market opportunities and infrastructure requirements for UAM.
  • AirAsia will also leverage its successful travel and lifestyle mobile app, the AirAsia Super App, to help support and build an eVTOL ride sharing platform with Avolon.
  • I am truly excited about this partnership between Avolon and AirAsia and the potential for zero-emissions ultra-short-haul air travel in Southeast Asia.

AirAsia Orders Vertical Aerospace’s Electric Aircraft From Avolon

Retrieved on: 
Wednesday, February 16, 2022

As announced in June 2021, Avolon, the worlds second largest aircraft lessor, pre-ordered 500 VX4s from Vertical to place with its global airline customers.

Key Points: 
  • As announced in June 2021, Avolon, the worlds second largest aircraft lessor, pre-ordered 500 VX4s from Vertical to place with its global airline customers.
  • With todays announcement Avolon has now placed 450 of its VX4 pre-order to AirAsia, Japans JAL and Brazils Gol.
  • Stephen Fitzpatrick, CEO Vertical Aerospace, said "We are delighted that AirAsia is the latest leading airline committing to lease our zero operating emissions VX4 aircraft.
  • Avolon is the worlds second largest aircraft leasing business with an owned, managed and committed fleet, as of 31 December 2021 of 824 aircraft.

Unical Aviation Appoints Former GE Executive Sharon Green CEO

Retrieved on: 
Tuesday, November 23, 2021

LOS ANGELES, Nov. 23, 2021 /PRNewswire/ -- Unical Aviation Inc., a leading provider of aircraft parts and components to the global commercial aerospace market, announced today it has appointed Sharon Green as the company's Chief Executive Officer, effective December 1.

Key Points: 
  • LOS ANGELES, Nov. 23, 2021 /PRNewswire/ -- Unical Aviation Inc., a leading provider of aircraft parts and components to the global commercial aerospace market, announced today it has appointed Sharon Green as the company's Chief Executive Officer, effective December 1.
  • Ms. Green will replace Platinum Equity Managing Director Dori Konig, who is serving as Unical's interim CEO.
  • Most recently, Ms. Green served as Chief Executive Officer for GE Capital Aviation Services (GECAS) Materials business, a premier distributor of airframe and engine components.
  • Ms. Green joined GE in 2007 and went on to serve as Chief Financial Officer and Chief Operating Officer at GECAS.

Griffin Global Asset Management Continues to Expand Senior Management Team in Support of Growth

Retrieved on: 
Tuesday, November 2, 2021

We are delighted that such talented executives have joined the Griffin Team, said Ryan McKenna, Chief Executive Officer of the Griffin group.

Key Points: 
  • We are delighted that such talented executives have joined the Griffin Team, said Ryan McKenna, Chief Executive Officer of the Griffin group.
  • She joins Griffin from AerCap where she was Vice President of Portfolio Management and Trading with responsibilities in pricing and aircraft trading activities.
  • Prior to joining Griffin Bill worked as FC with LeasePlan in their treasury team looking after the accounting and reporting functions.
  • Griffin is a commercial aircraft leasing and alternative asset management business with offices in Dublin, Ireland and Los Angeles, CA.

GE Announces Completion of Combination of GECAS with AerCap, Receives Greater than $30 Billion Total Consideration

Retrieved on: 
Monday, November 1, 2021

GE (NYSE:GE) announced today the completion of the combination of its GE Capital Aviation Services business (GECAS) with AerCap Holdings N.V. (AerCap).

Key Points: 
  • GE (NYSE:GE) announced today the completion of the combination of its GE Capital Aviation Services business (GECAS) with AerCap Holdings N.V. (AerCap).
  • GE Chairman and CEO H. Lawrence Culp, Jr., said, Completing this strategic transaction is a significant milestone in GEs transformation to a more focused, simpler, stronger high-tech industrial company.
  • And it is an equity story longer term, substantially simplifying GE to its industrial core.
  • GE encourages investors to visit these websites from time to time, as information is updated and new information is posted.