Market Intelligence: -Airline Aircraft Orders
Global Commercial Aircraft Lessor Purchases One A350-900 on Lease to South Korean Carrier
Vmo Aircraft Leasing (“Vmo”), a global full-service aircraft lessor, announced the purchase of one Airbus A350-900 aircraft from ABC Financial Leasing Co., Ltd (“ABC Leasing”). The aircraft is on lease to South Korean carrier Asiana Airlines (“Asiana”).
“This transaction marks the commencement of a new airline relationship with one of the largest airlines in South Korea and an increasingly important player in the East Asian region,” commented Marilyn Gan, Vmo Aircraft Leasing’s Senior Vice President and Head of Asia Pacific. “We are very pleased to partner with both the ABC Leasing and Asiana teams on this transaction and look forward to continued growth opportunities in the Asia Pacific region.”
ABC Leasing, featured in Airfinance Journal’s “Leasing Top 50 2022,” is the wholly-owned subsidiary of Agricultural Bank of China Limited.
The A350 aircraft is equipped with the Trent XWB-84 engines and configured in a three-class layout featuring a total of 311 seats, comprising 28 in Business Smartium, convertible to fully flat beds, 36 in Economy Smartium, and 247 in the main cabin. Asiana was the 12th airline to operate the world’s newest and most efficient twin engine widebody airliner. It is currently deployed on the carrier’s long-haul routes to Europe and the U.S.
About Vmo Aircraft Leasing
Vmo Aircraft Leasing (“Vmo”) is a global commercial aircraft lessor operating through offices in Dublin, San Francisco, and Singapore. The company was launched in January 2021 by a team of aviation industry veterans and funds managed by Private Equity and Credit Groups of Ares Management Corporation.
Source: Vmo Aircraft Leasing Press Release
Photo Credit: Vmo Aircraft Leasing
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Boeing Announces New International Leaders
Boeing announced that Dr. Brendan Nelson AO will take over as president of Boeing International (BI) and lead the company’s international strategy and corporate operations. The former Australian diplomat and government minister will succeed Sir Michael Arthur when he retires from Boeing in early 2023 after five decades of service in the public and private sectors, including the past four years at the helm of Boeing International.
Nelson, the second non-U.S. citizen to lead the organization, will report to Boeing President and CEO Dave Calhoun and join the company’s executive council. The Australian citizen has been president of Boeing Australia, New Zealand and South Pacific since February 2020. He will move to London to take up his new role, effective Jan. 12, 2023.
“Brendan brings to his new position vast experience in government and diplomacy, industry and non-profit associations, that will serve us well as we continue to grow as a global company while navigating the dynamics of the geopolitical environment,” said Calhoun.
Since joining Boeing in 2014, Arthur and Boeing International have worked to expand the company’s global business in recent years. Boeing now has customers in 150 countries and a worldwide supply chain of 20,000 suppliers and partners. The company operates in 65 different countries, including major operations in Australia, India, the Middle East and United Kingdom, and employs more than 25,000 people outside of the United States who are engaged in design, development, manufacturing, services and support.
“On behalf of our global team, I want to sincerely thank Sir Michael for his tremendous contributions, his tireless service to our customers, employees and industry over the past eight years,” added Calhoun.
Nelson will oversee 20 regional offices in key global markets. His responsibilities will include developing the company’s growth and productivity initiatives outside the United States, forming new business and industrial partnerships, overseeing international affairs, enhancing Boeing’s local presence and providing global functional support.
When he served as Australian Minister of Defence, Nelson oversaw deployments to Iraq, Afghanistan, East Timor and the Solomon Islands. He later served as Australia’s ambassador to Belgium, Luxembourg, the European Union and NATO for three years. Nelson is a long-time and passionate advocate of veterans’ affairs and prior to joining Boeing in 2020, Nelson was the director of the Australian War Memorial for seven years.
Maria Fernandez PSM will succeed Nelson as president of Boeing Australia, New Zealand and South Pacific effective Dec. 20, 2022. She will be the senior company leader in the Oceania region and board chair of Boeing Australia Holdings. In this role, Fernandez will coordinate Boeing Australia activities, lead government relations and direct the implementation of the company’s strategy to expand its local presence and grow the business.
“Maria has had a distinguished career with more than 20 years of leadership experience in the Australian national security sector and was the first woman to lead an Australian intelligence agency. She has the ideal background for this position,” said Nelson.
Fernandez has held senior executive positions in Australia’s departments of Home Affairs, Defence, Immigration and Border Protection, and Education. Prior to joining Boeing, she ran a consultancy that provided strategic advisory and independent assurance services to Australian government agencies.
As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity.
Source: Boeing Press Release
Photo Credit: Boeing
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Global Aircraft Lessor, Vmo Aircraft Leasing, Appoints Diana Sands to Board of Directors
Vmo Aircraft Leasing (“Vmo”), a global full-service aircraft lessor, announced the addition of a new member to its Board of Directors, Diana Sands, who is a seasoned and well-respected industry leader, bringing an extensive executive and board leadership background.
“This leadership appointment follows a comprehensive search and selection process, reinforcing Vmo’s commitment to building a highly experienced, diverse board focused on the long-term performance and growth of the business,” says Vmo Aircraft Leasing Executive Chairman Robert Brown. “We are thrilled to welcome Diana to our board and look forward to her invaluable contribution of perspectives and insights drawing on her long history of being an inclusive and innovative leader, as we continue to focus on expanding our brand and global reach.”
Sands brings more than 30 years of business experience to her board role. She retired from the Boeing Company in 2020, where she served in an executive officer position leading a diverse team responsible for ethics and investigations, compliance risk management, internal audit, security, and internal services. Previously, she held finance executive roles, such as corporate controller, vice president investor relations, and vice president financial planning & analysis. Sands’ professional background spans multiple industries and disciplines, including six years in the C-suite. In addition to the Vmo Board role, Sands sits on the boards of SP+ and PDC Energy, Inc., and is an advisor to New Vista Acquisition Corp. She has also been dedicated to non-profit causes, currently serving as Board Chair for Start Early and a trustee of National Philanthropic Trust.
“I am pleased to be joining the Vmo team which is comprised of an experienced group of industry leaders who are focused on building lasting partnerships,” says Sands. “I look forward to working with them and my fellow board members to continue expanding the value creating services Vmo provides for customers around the world.”
The Vmo Board, which now consists of eight knowledgeable advisors, represents significant expertise from investor-facing businesses as well as aviation and aerospace enterprises. Sands will chair the Board’s Audit Committee.
About Vmo Aircraft Leasing
Vmo Aircraft Leasing (“Vmo”) is a global commercial aircraft lessor operating through offices in Dublin, San Francisco, and Singapore. The company was launched in January 2021 by a team of aviation industry veterans and funds managed by Private Equity and Credit Groups of Ares Management Corporation.
Source: Vmo Aircraft Leasing Press Release
Photo Credit: Vmo Aircraft Leasing
You may also check our Terms and Conditions for our Content Policy.