WNG Capital has hired three people into top roles, after raising a $345 million aircraft investment fund in January.

Gerry Aubrey is joining as chief operating officer, where he will be responsible for lease transitions, aircraft purchase evaluations, and technical and asset management teams. He also will also join the company's investment and executive committees.

Aubrey formerly served as a senior vice-president at Intrepid Aviation, where he was responsible for airline and OEM relationships.

Stéphane Depeyre will join as marketing director responsible for airline and lessor relationships in Europe, Africa, and the Middle East. His remit includes trading, origination, and leasing projects across this region. He most recently served as vice-president of marketing at China Aircraft Leasing Company, where he was responsible for the placement of new aircraft.

“WNG relies upon the acumen of experienced individuals to bring comprehensive marketing, technical, legal, and risk management skills to our investment management business," says Michael Gangemi, co-managing partner of the firm. "Managing the unique requirements of older aircraft requires deep expertise across many trading cycles to deliver the returns that our investors expect.”

In January, WNG disclosed that it had closed a $345 million fund which will be used to invest in "late-life" narrowbodies. The WNG Aircraft Opportunities Fund II aims to acquire approximately 40-60 single-aisle aircraft – a mix of Airbus and Boeing jets, with ages ranging "from 15 to 20-plus years" and remaining lease terms of 12 to 48 months.

The company, which was founded in 2009, has offices in Dallas and Dublin.

Source: Cirium Dashboard