TES AVIATION GROUP APPOINTS NEW VP ASSET ACQUISITIONS

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By TESTCustomwebLP TESTCustomwebLP October 12, 2010 14:42

TES AVIATION GROUP APPOINTS NEW VP ASSET ACQUISITIONS

TES Aviation Group (UK) has appointed TAC’s Neil Cloughley as vice president of asset acquisitions, to increase its aircraft and engine acquisitions activities across the platform of TES core products.

Neil Cloughley, formerly of Compass Capital and Cabot Aviation, joins the TES management team in the UK. Cloughley will be responsible for the origination and conclusion of aircraft and aircraft engine acquisitions for the core portfolio of TES products.

TES Aviation Group is a subsidiary of DVB Bank SE and in cooperation with DVB’s Aviation Investment Management team, who act as the investment advisor to the Deucalion Aviation Funds, TES will acquire volumes of aircraft and aircraft engines in order to support the TES managed customer portfolio, provide stub time engine lease services, and quality overhauled piece parts in order to drive down engine maintenance costs and ultimately reduced cost of ownership for the TES client base.

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By TESTCustomwebLP TESTCustomwebLP October 12, 2010 14:42
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