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HKAC’s new strategy as Boylan takes over
08 April 2011
Following the departure of former CEO Mathis Shinnick, Hong Kong Aviation Capital’s new CEO, Donal Boylan, talks about plans for the lessor.
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Hong Kong Aviation Capital
Mathis Shinnick
Donal Boylan
Bharat Bhise
Bravia Capital
HNA Group
The appointment of Donal Boylan as CEO at Hong Kong Aviation Capital (HKAC) came as a surprise earlier this week. According to Boylan, the split with former CEO Mathis Shinnick, who has left the company, was amicable.
Even though the company says it has ambitious growth plans and committed equity, during 2010 the lessor completed sale/leasebacks with just two customers, Indigo Airlines and Wizz Air.
Bharat Bhise, CEO, Bravia Capital, which is a shareholder in HKAC along with HNA Group, says: “The markets were such where lease rate factors were .7 or .71, but we missed many opportunities.”
According to Bhise, HNA Group has a credit line with Agricultural Bank of China, China Development Bank, China...
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