Aircastle Announces Retirement of Chief Technical Officer

Rhea-AI Summary

Aircastle Limited announced the retirement of Chief Technical Officer Joe Schreiner, effective February 28, 2023. Schreiner has been integral to Aircastle's growth since its founding in 2004, previously serving as Executive Vice President, Technical. CEO Mike Inglese praised his contributions, emphasizing the challenges in replacing his insight and mentorship. Aircastle operates globally, managing 252 aircraft leased to 74 customers across 45 countries as of August 31, 2022.

Positive

• Joe Schreiner has been a key figure in Aircastle's development, providing vital technical oversight since 2004.
• The company continues to manage a significant fleet of 252 aircraft, indicating stable operations.

Negative

• The departure of a long-serving executive like Schreiner may create a leadership vacuum and potential operational challenges.

STAMFORD, Conn., Nov. 28, 2022 /PRNewswire/ -- Aircastle Limited ("Aircastle") announced today that Joe Schreiner will retire from his position as Chief Technical Officer at the end of the current fiscal year, effective February 28, 2023. 

Mike Inglese, Aircastle's CEO, commented, "Joe has been a foundational member of Aircastle since its earliest days. As we've progressed over many years from a start-up into a leading global aircraft leasing company, Joe has guided the vital technical oversight of our fleet. As we wish Joe a well-earned retirement, we also know the insight and mentorship he brought to our team will be difficult to replace."

Joe Schreiner joined Aircastle at its origination in 2004 as Executive Vice President, Technical and was appointed Chief Technical Officer in 2020. He began his career in aviation with McDonnell Douglas (Boeing) where he performed various technical management positions over nineteen years.

About Aircastle Limited

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of August 31, 2022, Aircastle owned and managed on behalf of its joint ventures 252 aircraft leased to 74 customers located in 45 countries.

Contact:         

Aircastle Advisor LLC                                                                       
Jim Connelly, SVP ESG & Corporate Communications
Tel: +1-203-504-1871
jconnelly@aircastle.com 

 

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SOURCE Aircastle Limited

FAQ

Who is Joe Schreiner in relation to Aircastle?

Joe Schreiner is the retiring Chief Technical Officer of Aircastle Limited, effective February 28, 2023.

What impact might Joe Schreiner's retirement have on Aircastle?

Schreiner's retirement could create a leadership vacuum, potentially affecting operational stability.

When is Joe Schreiner's retirement effective?

Joe Schreiner's retirement is effective on February 28, 2023.

How many aircraft does Aircastle manage?

As of August 31, 2022, Aircastle manages 252 aircraft leased to 74 customers globally.

What has Mike Inglese said about Joe Schreiner's contributions?

CEO Mike Inglese praised Schreiner's foundational role and the challenges of replacing his insight and mentorship.