Volker Fabian is to take over as chief executive of turboprop lessor Elix Aviation Capital in early March, FlightGlobal understands.

He joins Elix from BOC Aviation, where he has worked since May 2015 and is serving as executive vice-president responsible for aircraft sales and leasing in Europe, Africa and America.

Fabian's role with Elix will be to guide the company through its next phase of growth, says a source familiar with the matter. He will be based at Elix's Dublin headquarters.

In the course of an aircraft finance career that spans nearly two decades, Fabian has held senior roles at Intrepid Aviation, Amentum Capital, HSH Nordbank, CIT and DVB Bank.

Elix, which is owned by private equity firm Oaktree Capital Management, has grown its fleet to over 70 aircraft since its founding in 2013, says an industry source.

FlightGlobal understands that the lessor is in the market with an asset-backed securities transaction led by Deutsche Bank. The deal, worth around $400 million, a Wall Street banker indicates, is set to close in the first quarter of this year.

Oaktree could not be reached for comment.

Source: Cirium Dashboard