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AeroCentury Corp. Adds Amsterdam-Based Managing Director

2013-04-15 11:15 ET - News Release

BURLINGAME, Calif., April 15, 2013 /PRNewswire/ -- AeroCentury Corp. (NYSE MKT:ACY), an independent regional aircraft leasing company today announced the appointment of Martin Wills as Managing Director - Europe, Middle East and Africa.

Wills has more than 20 years experience in aviation leasing and finance, having held senior management positions with AerCap, Seabury Group, and SGI Aviation, of which he is still a shareholder.  Based in Amsterdam, Wills will be responsible for identifying regional aircraft acquisitions and sales along with new leasing opportunities for AeroCentury.  

"The recent increase of AeroCentury's revolving credit facility has given the Company the financial resources to significantly expand its portfolio," said Neal Crispin, President of AeroCentury.  "Martin's experience and contacts in the industry will strongly boost our ability to aggressively seek opportunities in the regional aircraft market." 

"I am delighted to be working with AeroCentury in expanding its portfolio of regional aircraft," said Martin Wills.  "In particular, I believe that the market for operating leases for 50 to 100 passenger aircraft represents an attractive segment for the Company."

AeroCentury is an aircraft operating lessor and finance company specializing in leasing regional aircraft and engines utilizing triple net leases. The Company's aircraft and engines are leased to regional airlines and commercial users worldwide.

SOURCE AeroCentury Corp.

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