Leadership Team Changes at ORIX Aviation

ORIX Aviation announced today that Helfried Schwarz will be joining the company’s legal team based in Dublin as General Counsel and Mike MacConnie will step up to the role of Chief Operating Officer, in addition to his current role of Chief Technical Officer.

Mr. Schwarz was previously a partner in Milbank LLP’s Transportation and Space Group where he practiced for over 30 years, having worked in their New York, Frankfurt and London offices. He joined ORIX Aviation on 15th February and he will become ORIX Aviation’s General Counsel, effective April 1, 2021, replacing Dean Gerber, who will be leaving the company to pursue opportunities closer to his home in the United States. Mr. Schwarz is widely recognized as a leading aviation practitioner, including by Chambers, Legal 500 and Legal Media Group, and is active in a variety of industry led organizations including the Legal Advisory Panel to the Aviation Working Group.

James Meyler, Chief Executive Officer at ORIX Aviation has said “I would like to thank Dean for his contribution to the company’s success and I am very excited to welcome Helfried to ORIX Aviation’s Dublin office. Helfried possesses tremendous legal and aviation knowledge and experience that will further build and enhance our global business. He has a demonstrated history of success and achievement and I am delighted to have him join our team.”

On Mike’s promotion to Chief Operating Officer, James said, “We are delighted to have Mike step up to take on the role of COO in addition to his role as CTO of ORIX Aviation. Mike brings such huge experience from GECAS and multiple airlines, with almost 40 years of technical expertise, all of which is especially needed in these challenging times”.

“I am thrilled to join ORIX Aviation. I look forward to building on the excellent foundation of the legal team and contributing to ORIX Aviation’s continued success” stated Mr. Schwarz.

“I am both humbled and eager to take on this additional role while continuing to work with such a great team“ comments Mr. MacConnie.

ORIX Aviation signs a Service Agreement for a package of 14 B737 MAX8 and B787-9 aircraft

ORIX Aviation have been appointed as the exclusive remarketing agent in respect of a package of fourteen aircraft, consisting of twelve B737 MAX-8 (LEAP 1B engines) and two B787-9 (Trent 1000 engines), on behalf of the secured financiers of the aircraft. All 14 aircraft are currently leased to Norwegian Air Shuttle. James Meyler, ORIX Aviation’s CEO, remarked: “We are very excited to be able to offer these aircraft to the market. We look forward to showcasing ORIX Aviation’s best-in-class remarketing and asset management services with the added benefit of providing an excellent opportunity to our customers to secure these aircraft through lease or sale. These fourteen B737 MAX 8 and B787-9 aircraft will present attractive options for our airline customers and trading partners that are seeking to immediately access two of the most fuel efficient and desirable narrowbody and widebody aircraft types available.”

 

ORIX Aviation noted they will be imminently bringing the package of aircraft to the market for sale or lease.

ORIX Aviation Christmas Raffle 2020

ORIX Aviation are proud to announce that an incredible total of €38,354 was raised during our annual ORIX Aviation Christmas Raffle held this week. This year, proceeds will go towards assisting charities such as the Lions Club, ORBIS, PAWS Animal rescue and other local causes around the country.

The Lions Club work with local communities and charities; next year this will include support of Blackrock Hospice, who provide specialised palliative care services. Last year, the funds donated by ORIX Aviation to the Lions Club were used to build a serenity and therapy garden in the National Rehabilitation Hospital in Dun Laoghaire for use by the patients.

Well done to everyone involved and wishing you all a very Merry Christmas!

Marie-Louise Kelly and Paul O’Dwyer included on Airline Economics 40 under 40 list for 2020

ORIX Aviation is delighted to announce that Marie-Louise Kelly and Paul O’Dwyer have been included on the Airline Economics ’40 under 40′ list for 2020. This is the fourth year that both Marie-Louise and Paul have been included. James Meyler and Dean Gerber have also been included as ‘Mentors’ on this year’s list.

The 40 under 40 group has its own dedicated web page which can be viewed at the link below:

Marie-Louise Kelly appointed to the role of Vice Chair of Aircraft Leasing Ireland

Marie-Louise Kelly, Chief Financial Officer of ORIX Aviation, has been appointed to the role of Vice Chair of lobby group, Aircraft Leasing Ireland, an organisation that represents the Republic’s aircraft lessors.

Declan Kelly, Chief Commercial Officer of GE Capital Aviation Services (GECAS), is taking over as chairman of the lobby group and replaces David Swan, who served as the founding chair over the past two years. Marie-Louise will succeed Declan Kelly when he steps down in July 2022.

Aircraft Leasing Ireland represents 32 lessors, which provide aircraft to airlines around the world, supporting 5,000 jobs and generating around €575 million for the Republic’s economy.

ORIX Aviation Group Announces Departure of David Power

ORIX Aviation announced today that David Power will leave the ORIX Aviation Group. David has stepped down as Chairman of ORIX Aviation Hong Kong and as the ORIX Director of Avolon.

Having worked at ORIX since 1991, David was appointed as CEO in 2003 and then led the company to new heights. Under his leadership ORIX Aviation was transformed into the entity it is today, being one of the most significant traders of commercial jet aircraft worldwide. In 2018 David stepped down as Group CEO and moved to Hong Kong to develop ORIX Aviation’s presence there, taking up the role of Chairman of ORIX Aviation Hong Kong Limited and to serve as an ORIX Director on the Board of Avolon.

“Having worked with ORIX Aviation for almost 30 years I am extremely proud of what has been accomplished. Leaving a very strong and committed leadership team in place as I depart ORIX Aviation was one of my key considerations and something I am very proud of” said David.

David will take up the role of executive Director of London based Solus Capital Partners along with other executive roles within the investment funds industry.

James Meyler commented “David’s energy , knowledge and ambition will be missed at ORIX Aviation however due to the extensive advance planning that has been put in place by the management team the transition and hand over of responsibilities at the Company has been really well managed and implemented by us all. Despite the current difficult environment, the team looks forward to a strong recovery and we wish David and his family every success in what, no doubt, will be a long and successful career to come’

About ORIX Aviation Systems:

ORIX Aviation was established in 1991 in Dublin, Ireland and is a 100% subsidiary of ORIX Corporation of Japan. ORIX Aviation owns and manages over 200 aircraft and leases them to more than 50 airlines located in over 30 countries. ORIX Aviation is headquartered in Dublin with offices in Hong Kong and a team of 100 professionals with USD8 billion of aircraft assets under management. In the past 12 months ORIX Aviation has bought, sold or leased over 100 aircraft valued in excess of USD4 billion.

ORIX Aviation is focused primarily on investing and trading opportunities in the aircraft leasing and aircraft asset management space while maintaining a strong balance sheet of owned assets to support stable long term profits and future growth. ORIX Aviation is ranked by S&P Global Ratings as STRONG overall ranking on ORIX Aviation as a commercial aircraft lease servicer. The outlook is stable.

The asset management clients of ORIX Aviation are investors based in Japan, US funds and international banks and financial investors.

About ORIX:

ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses.

Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 37 countries and regions across the world.

Going forward, ORIX intends to utilize its strengths and expertise, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually. In this way, ORIX will engage in business activities that instill vitality in its companies and workforce, and thereby contribute to society. For more details, please visit our website: https://www.orix.co.jp/grp/en/ 

(As of March 31, 2019)

About Solus Capital Partners

Solus Capital Partners Ltd is an independent asset management firm, authorised and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom. Established in 2017, with offices in London and Los Angeles’s and operations in both Zurich and HK. Solus provides a global macro- based investment strategy which is an actively managed, unconstrained and multi asset with the flexibility to adapt to the changing macro-economic and financial market backdrop. Clients include professional investors, family offices and institutions. In addition to its core investment management function Solus also provides corporate services to European based family offices and corporate investment funds. These services range through the spectrum from incorporation though to any ongoing administration requirements for the investment vehicle(s). www.soluscapitalpartners.com

ORIX Aviation is delighted to announce that it has accepted an invitation to join the Aviation Working Group (AWG)

 

 

 

ORIX Aviation is delighted to announce that it has accepted an invitation to join the Aviation Working Group (AWG), a not-for-profit entity boasting an international membership that comprises major aviation manufacturers, leasing companies and financial institutions contributing to the development of policies, laws and regulations facilitating the advancement of international aviation financing and leasing.

“It is indeed a great honour for ORIX Aviation to be invited to participate on the Aviation Working Group which is known globally as a leader in the conception and implementation of important policies and initiatives pertaining to our core business,” said James Meyler, ORIX Aviation’s Chief Executive Officer. “We look forward to adding our world leading aircraft leasing and asset manager knowledge and experience in assisting AWG in achieving its overarching industry objectives.”

On joining AWG, Dean Gerber, ORIX Aviation’s General Counsel also commented that “The AWG is a leader in the establishment and facilitation of ground-breaking projects pertaining to aircraft leasing, including the Cape Town Convention and the Global Aircraft Trading System (GATS), and ORIX Aviation is proud and pleased to join in assisting AWG with these and it’s other endeavours.”

About Aviation Working Group (AWG):

The Aviation Working Group (AWG) is an industry body comprised of leading aviation manufacturers, financiers, and lessors and its aim is to contribute to the development of policies, laws, regulations and rules that facilitate advanced international aviation financing and leasing. AWG is at the forefront of industry thinking in respect of a wide range of regulatory issues, most notably the development and implementation of the Cape Town Convention, the development and implementation of the Global Aircraft Trading System (GATS), cross-border transferability of aircraft, international export credit, and insurance and liability.

ORIX Aviation and GE Aviation sign Asset Transfer System Agreement for Leasing Market

 

GE Aviation has teamed up with ORIX Aviation to provide the Asset Transfer System (ATS) to enable ORIX Aviation to connect records and data across the global aviation community.

“We are eager to partner with ORIX Aviation as their fleet evolves to meet their airline customer needs,” said Gib Bosworth, global lessor director for GE Aviation. “We’re collaborating to optimize aircraft transitions with our industry-leading project management functionality to enhance their ability to strengthen their technical records management.”

“We are excited to trial GE Aviation’s ATS during our forthcoming aircraft transition projects,” said Mike MacConnie, ORIX Aviation’s Chief Technical Officer. “It is critical that our industry moves toward digital aircraft records transfer and management in an effort to reduce overall transition costs and delays, while, at the same time, improve quality and airworthiness standards.”

The Asset Transfer System is a collaborative tool that streamlines and simplifies the way that leased asset documentation is managed between airlines and lessors by allowing operators to organize records in accordance with industry standard. The system enhances the efficiency of lease returns several ways by helping operators harmonize and standardize files, perform collaborative document reviews with their lessor partners, and transfer files through an intuitive digital user interface.

GE’s asset transfer system includes records management, project management, as well as capability to integrate with other external asset or contract management systems. Users can upload electronic documents directly into the system to organize, view, search, retrieve, download and transfer documents digitally via a web-based browser. The system supports records requirement completion by linking the project management functionality to a digital records repository that is compliant with EASA and FAA records retention and audit requirements.

Great Ethiopian Run for Orbis 2019

Great Ethiopian Run for Orbis 2019

Congratulations to the ORIX Aviation group who recently participated in The Great Ethiopian Run in aid of Orbis. The group raised an incredible €60,000 which will no doubt be put to great use.

The staff members who took part were:

Oisín Riordan, David Sparks, Ross O’Kane, Mike MacConnie, Katherine McVeigh, James Corby, Conor Power, Paddy Brophy, Tom Kearney, Shane O’Driscoll and Cindy MacConnie.

You can find out more about Orbis and the event here.

Well done to everyone involved!