New CEO for AeroCentury

Juliette O'Neill
By Juliette O'Neill August 16, 2016 15:37

New CEO for AeroCentury

AeroCentury, an independent aircraft leasing company, has appointed Michael G. Magnusson to serve as its Chief Executive Officer, effective September 6, 2016.

“Michael is well-known and well-respected in the worldwide aviation market,” said Evan Wallach, Chairman of the Board of Directors. “His broad experience with regional aircraft, and his extensive international contacts make him an excellent leader for our team.”

Magnusson will bring to AeroCentury more than 30 years of experience in the global aviation and leasing industry. From 1982 until 2015, Magnusson was with Saab Aircraft Leasing, in positions of increasing responsibility, serving as President and Chief Executive Officer from 1998 to 2015. As Chief Executive Officer, Magnusson oversaw an aircraft portfolio of over $500 million and a 40 person staff. After leaving Saab, Magnusson was a founding partner of an independent consulting company that he will leave when he joins AeroCentury.

“During my time at Saab and after as a consultant, I worked with AeroCentury on a number of transactions, and was impressed with the professionalism and depth of industry experience of its people. I look forward to joining the AeroCentury team and helping to grow its regional jet and turboprop aircraft fleet by expanding its worldwide airline customer base,” said Magnusson.

Juliette O'Neill
By Juliette O'Neill August 16, 2016 15:37