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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.
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
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
According to Bhise, HNA Group has a credit line with
Agricultural Bank of China, China Development Bank,
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