GMT Global strengthens team

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

GMT Global Republic Aviation (GMT Global) has announced additions and promotions of corporate personnel as it prepares for improved commercial aviation market conditions.

The company has recruited Michael Coviello as managing director of technical services of its Aurora office. Coviello brings more than three decades of experience in the leasing, trading, maintenance and operation of corporate and transport aircraft and airline operations. Prior to joining GMT Global, he served as director of marketing and technical management with Mountain Capital Partners and has held various leadership roles for companies such as AirCapital Aviation Services, Back Aviation, GMT Global and Tombo Aviation.

Micheal Joyce also joins GMT Global as accountant at the Dublin office. Most recently, Joyce served as qualified accountant for KPMG Dublin responsible for audits of various financial sectors including the aircraft leasing industry.

GMT Global also announced that Richard Spaulding has been promoted to the role of senior managing director. Based in Reston since he joined the company in 2005, Spaulding possesses more than 25 years of aircraft sales and financing experience, most recently as a sales executive with the Asset Management Group within Bombardier Regional Aircraft.

Edmund Tatar has been promoted to managing director. Since joining GMT Global in 2005, Tatar has held a variety of positions in the company's Aurora office, most recently as director of finance and transactions, where he had a direct role in acquiring and selling aviation assets, including transaction structuring and development, financial analysis, due diligence, underwriting, and negotiations.

Paul Shanley, who has served as controller since 2008, has been promoted to the role of assistant treasurer. Shanley joined GMT Global from AIB International Financial Services where he was team leader aircraft leasing, responsible for a large portfolio of aircraft leasing companies.

Germaine Holden has been promoted to director, asset technical services in the Aurora office.

GMT Global's CEO Paul Mason says "Our carrier customers are reporting improved traffic results in the past two calendar quarters and we are seeing overall macroeconomic conditions recover. We are also encouraged by what we are seeing in our own portfolio, including recent lease extensions and the fact that we have all of our aircraft currently on lease."

"As a result of the improving commercial aviation climate, we have begun to strengthen our management and support teams to take advantage of heightened activity on the aircraft leasing and finance horizon," he adds.

GMT Global owns and manages a portfolio of 23 Airbus aircraft on lease to Brussels Airlines, Royal Jordanian Airlines, South African Airways, Safi Airways, TAM and Virgin Atlantic Airways.