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Wings Capital Partners Announces Equity Commitments, Exec Promotions

May 31, 2019, 07:20 AM

Wings Capital Partners, a full-service aircraft leasing platform, announced its current shareholders, Corrum Capital and Sightway Capital, have increased their equity commitments to Wings. The additional support from its shareholders positions the company well for the future and provides it with additional resources to execute its business plan and capital to pursue attractive aircraft acquisitions, the company said.

“Our strong partnership with our shareholders reflects the continued long-term commitment Sightway and Corrum have to Wings and the customers we serve,” said R Stephen Hannahs, Managing Director and CEO of Wings.

The company announced executive promotions, including:

  • John Hoopes has been promoted to Head of Technical Services. He has been an effective manager and contributor in directing the technical oversight of the company.
  • Gerry Burke has been promoted to Vice President, Marketing – Wings Capital Partners Aviation Ireland Limited. He has made significant contributions to the success of the company during his tenure at Wings.

In addition, Wings announced the company has launched a new operating entity in Singapore, headed by Stephen Lynch, Managing Director of Wings Capital Partners Singapore PTE. LTD. and Vice President, Marketing. Lynch is responsible for managing airline relationships across the Asia Pacific Region with a particular focus on increasing the company’s commercial jet aircraft on lease to Asian airlines. Prior to joining Wings, he worked in a variety of roles within the aircraft leasing and finance sectors with GECAS, Engine Lease Finance Corporation and Intrepid Aviation.

Wings Capital Partners’ owned, managed and committed portfolio currently is $1.5 billion with 48 aircraft. Wings, based in Newport Beach, CA, is owned by active investors, Sightway Capital, a Two Sigma Company; Corrum Capital Management; and the Wings management team.

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