Ramki Sundaram, former head of aviation at Natixis, has joined Airborne Capital as chief executive.
Airborne, a new aircraft lease and asset manager, says it has substantial backing from Irish financial services group FEXCO.
Its goal is to have over $5 billion-worth of aircraft assets under management within five years. It intends to act as a bridge between investors seeking bespoke investment solutions in the aviation space and issuers requiring aviation financing via differentiated capital solutions.
"We are very excited to launch this venture with the strong support of FEXCO," states Sundaram. "The team at Airborne Capital has rich experience in setting up and managing innovative investment and fund platforms for investors globally who are looking to deploy capital in aviation."
FEXCO says it has identified financial services for aviation assets as an attractive long-term investment opportunity for the group, and that this underpinned its decision to invest in Airborne.
"We are delighted to be working with the Airborne Capital team on this important initiative," states FEXCO chief executive Denis McCarthy. "We look forward to broadening our presence in this dynamic sector of the financial services market. With the financial support we can provide and the industry expertise of the team, we believe this business can grow rapidly to play a major role in the market segments it is targeting."
Sundaram will be joined at Airborne by a number of founding partners – including Anand Ramachandran, former Goshawk finance chief, and Cian Dooley, who the new company notes has over 25 years' aviation experience working with manufacturers, lessors (from initiation), banks, and specialist funds.
John O'Flynn will arrive in January 2018 from Goshawk, where he held a position in the corporate finance function, while Eugene Lui has been recruited from the same lessor, where he held positions in both the corporate finance and commercial units.
Jocelyn Noel is moving to Airborne from Natixis, where he led aviation syndication to banks and institutions.