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Xced Aviation Services Announces Two Key Appointments

February 11, 2016, 07:00 AM

Xced Aviation Services is proud to announce a second record year of growth, doubling its revenue once again in fiscal year 2015.

As North America’s leading provider of financing and asset management to the ground services equipment (GSE) industry, Xced continues to develop and introduce groundbreaking services for its customers. This includes the highly successful launch of the first-of-its-kind cargo loader trade-in program, designed in response to customers’ wishes for a more flexible equipment life cycle management solution. Today, Xced operates in 43 airports in the United States and Canada.

As a result of this triple-digit growth, Xced is pleased to announce the addition of key personnel.

Joe Giarritano joined the Xced team in January as Vice President of Sales & Marketing. He has more than 12 years of aviation experience, including commercial jet and turboprop aircraft sales, leasing and finance; asset management; and maintenance, repair and overhaul services.

“Joe’s entrepreneurial spirit, ability to build strong customer relationships and enthusiasm for the airline industry make him a great fit for the Xced team,” said William Long, President of Xced Aviation. “His background will be critical as we look to expand Xced’s offerings beyond ground handling services.”

Also promoted to the position of Xced’s Vice President of Finance is Eric Wennerstrom. Eric joined Sasser Family Holdings in 2011 as Finance Manager and transitioned to Xced with its launch in 2014 as Director of Finance.

“Eric has proven himself to be an integral part of Xced Aviation,” said Long. “His work in the development and execution of the plan for the company’s entry into the GSE industry was pivotal, and his knowledge of the business from the ground up will be an important asset to our team.”

Xced Aviation Services was launched in 2014 as an aviation ground support equipment finance and asset management subsidiary of Sasser Family Holdings, Inc. Sasser Family Holdings is a 4th generation, family-held transportation asset services and management company with roots dating back to 1928. Other subsidiary business units include Chicago Freight Car Leasing Co., Union Leasing Inc., CF Rail Services LLC, CF Asia Pacific Group PTY Ltd, and NxGen Rail Services LLC. The subsidiary units are leaders in providing commercial and industrial-focused rail and vehicle transportation equipment solutions including asset leasing, fleet administration management, asset repair and maintenance, and innovative technology services throughout North America and Australia

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