Aircastle Appoints Roy Chandran as Chief Financial Officer

Rhea-AI Summary

Aircastle Limited announced the appointment of Roy Chandran as Chief Financial Officer effective September 1, 2022. This follows the resignation of previous CFO Aaron Dahlke on July 28, 2022. Roy, who had served as Interim CFO, brings extensive capital markets experience to the role, having been the Chief Strategy Officer since March 2020 and previously worked at Citi. As of May 31, 2022, Aircastle managed 250 aircraft leased to 74 customers in 44 countries.

Positive

• Roy Chandran's extensive capital markets experience strengthens Aircastle's leadership.
• Continuity in leadership with quick transition to permanent CFO role.

Negative

• Concerns regarding continuity following the resignation of previous CFO.

STAMFORD, Conn., Aug. 24, 2022 /PRNewswire/ -- Aircastle Limited ("Aircastle" or "the Company") announced today the appointment of Roy Chandran as Chief Financial Officer as of September 1, 2022.  On July 28, 2022, the Company had announced the resignation of Aaron Dahlke, as Chief Financial Officer, and that Mr. Chandran would serve as the Interim Chief Financial Officer until a successor was identified.  

Mike Inglese, Aircastle's CEO, commented, "We are pleased to have Roy succeed Aaron as our Chief Financial Officer, particularly given his extensive capital markets experience and relationships.   Roy's willingness to immediately step into the interim assignment and quickly accept the permanent role underscores the depth of our management bench and succession planning processes."

Roy Chandran was appointed Aircastle's Chief Strategy Officer in March 2020. Prior to joining Aircastle in May 2008, Mr. Chandran was a Director at Citi in the Global Structured Solutions Group, having originally joined Salomon Brothers in 1997. Mr. Chandran holds a BS in Chemical Engineering from the Royal Melbourne Institute of Technology, Australia and obtained his MBA from the International Institute of Management Development, Switzerland.

About Aircastle Limited

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world.  As of May 31, 2022, Aircastle owned and managed on behalf of its joint ventures 250 aircraft leased to 74 customers located in 44 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 Roy Chandran in relation to Aircastle Limited?

Roy Chandran has been appointed as the Chief Financial Officer of Aircastle Limited effective September 1, 2022.

What was the reason for the CFO change at Aircastle Limited?

The change was due to the resignation of Aaron Dahlke, the previous CFO, on July 28, 2022.

What experience does Roy Chandran bring to his role as CFO?

Roy Chandran has extensive capital markets experience and was previously the Chief Strategy Officer at Aircastle.

How many aircraft does Aircastle Limited manage?

As of May 31, 2022, Aircastle owned and managed 250 aircraft.

What is Aircastle Limited's primary business focus?

Aircastle Limited focuses on acquiring, leasing, and selling commercial jet aircraft to airlines worldwide.