In response to the success of the Falko Regional Aircraft Opportunities Fund closing in 2015 which raised USD$415 million, Falko has reorganised to deliver a greater focus on the acquisition and financing of further additions to its portfolio.
Richard Pitt takes on the role of SVP Commercial reporting to Jeremy Barnes, CEO and will be heading up the team responsible for delivering all contract related activities from aircraft acquisition through their ongoing lease management and ultimately their exit from the portfolio.
Martyn Apsey who joined Falko in 2014 takes the responsibility of Treasurer, reporting directly to the CFOO, Martin Brennan. Martyn will be focusing on the development and implementation of the funding strategy for the Company together with development and management of the Company’s relationships with the banking/financial industry sector.
Kenton Walsh has been appointed SVP Portfolio Development, reporting to Mark Hughes, EVP Corporate Finance. Kenton will be responsible for originating acquisition opportunities for the Fund.
Jeremy Barnes added: “The business profile of Falko Regional Aircraft has changed significantly over the past three years. We need to make sure that we have the people and organisation to deal with the challenges of our current activities. These organisational changes now put the right people in the right places to ensure our continued success.”
The changes made to the commercial and finance teams further strengthens Falko’s commitment to pursuing targeted regional sector investments, through new and used aircraft acquisitions. Falko is now in a period of growth and expansion with a strong pipeline of acquisitions.