Stephen Hannahs, Aviation Capital Group's (ACG) group managing director and CEO, commented on today's rating decision from Standard & Poor's (S&P):
Mr. Kalscheur will succeed R. Stephen Hannahs
, who will retire at the end of the year.
is one of the founders of ACG
and has overseen its growth as group managing director and CEO since ACG's
founding in 1989.
Mr. Hannahs will continue to serve on the board of ACG, in the new position of vice-chairman, and provide advice to the chairman and CEO regarding strategic direction and other matters.
has worked hard during his
career and has earned the opportunity to enjoy more time with his
family and outside interests.
We wish Steve
the very best."
"The 737 is one of the prime building blocks of our portfolio strategy," said R. Stephen Hannahs, group managing director and chief executive officer of ACG.
"Faced with increasing fuel prices and tough competition, we are seeing a stronger than ever demand from our customers for modern fuel-efficient aircraft such as the A320neo," said Stephen Hannahs, CEO and Group Managing Director, Aviation Capital Group.
"ACG's ability to access multiple sources of financing has been a key strength during the recent economic downturn," said R. Stephen Hannahs, Group Managing Director and Chief Executive Officer of ACG.
"A key element of ACG's
financial philosophy is the strategic decision to shift from secured financings, such as aircraft-backed securitizations and secured warehouse bank debt, to corporate unsecured borrowings," Hannahs
"Shifting to unsecured borrowings allows us to improve financial flexibility and have substantially greater flexibility in deploying our aircraft, which better serves our customers."
will make increasing use of unsecured borrowings in the future.
R. Stephen Hannahs, Aviation Capital Group Chief Executive Officer & Group Managing Director, said: "We are delighted to celebrate the 787's first flight with this announcement.