Kevin McDonald will take over as Jackson Square Aviation's chief executive next year, amid Toby Bright's announcement that he will step down as the company's leader.

McDonald, who serves as chief investment officer, will assume his new role on 1 January while Chris Dailey, currently chief marketing officer, will take over as president and chief commercial officer. Both have been with the company since 2010. Bright will remain with the company as senior advisor after he departs his position.

McDonald will oversee JSA's finance, capital markets, legal, technical and risk divisions, while Dailey will manage the lessor's customer relationships, aircraft trading and its manufacturer activities.

“I have worked alongside Kevin and Chris for eight years and I am thrilled that they will assume joint leadership of Jackson Square Aviation,” says Bright in a statement. “Kevin has done a masterful job guiding the investment side of our company and Chris has built strong relationships with our airline customers while managing JSA’s worldwide sales team.”

With offices and San Francisco and Dublin, JSA manages 160 aircraft, according to Flight Fleets Analyzer, and is owned by Mitsubishi UFJ Lease & Finance Company. The lessor placed its first speculative order with Boeing at the Farnborough air show for 30 Boeing 737 Max 8s earlier this year.

Source: Cirium Dashboard