GMT Global Launches in Dublin
$640 million in assets and a fleet of 16 aircraft
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February 21, 2008 - GMT Global Republic Aviation (GMT Global), historically operating as the aviation and portfolio division of Republic Financial Corporation, managing a fleet of 16 aircraft valued at approximately $640 million, today announced its launch as a separate business entity.
Based in Dublin, Ireland, the heart of the commercial aviation leasing industry, GMT Global has been formed to operate and expand Republic's commercial aviation investment and lease management business. The company will continue to have offices in Aurora, Colo., and Reston, Va.
The executive management team that headed Republic's aviation group will manage the recently formed GMT Global. The company will be led by Paul Mason, chief executive officer and Ian Massey, chief financial officer.
Paul Mason joined Republic Financial Corporation in 2004, having previously spent four years as president of North American sales at Airbus SAS. He joined Airbus in 1990, initially as the Airbus North America representative at Airbus's Toulouse headquarters. He also served as vice president of commercial operations and deputy to the chief commercial officer.
Ian Massey joined Republic Financial Corporation in 2001, having previously served as the senior financial executive at Airbus Industrie, where he was also a member of the executive board. In 2001, Massey was awarded the distinguished "Officer of the Order of the British Empire" (OBE) for his contributions to the field of aviation. Previously he worked for British Aerospace in a number of financial positions.
Over the last four years, Paul Mason, Ian Massey and their team of seasoned professionals with world-class experience have built Republic Financial Corporation's aviation business to where it stands today.
Historically, Republic Financial Corporation's aviation and portfolio division has had a history of meeting expectations for all constituents and that commitment to clients and customers will carry forward with the new company.
"Becoming a Dublin-based business is the next logical step for us," said Paul Mason. "This is an exciting time for GMT Global, and I am delighted today to make this announcement."
"We plan to expand our business quickly in this rapidly growing international market," said Ian Massey. "Approximately 20,000 commercial aircraft are currently in service, and this is set to rise sharply in the years ahead. We plan to leverage our unique industry expertise and key market relationships to expand our fleet."
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About GMT Global Republic Aviation
GMT Global Republic Aviation is an international strategic aviation company. The Dublin based company acquires and manages commercial aircraft with attached leases. GMT Global is managed by a team of senior executives and staff with world-class experience in manufacturing, commercial passenger and air cargo carriers.
For more information, visit www.gmt-aviation.com. GMT Global's residence is in Dublin, Ireland: GMT Global Republic Aviation Ltd, Alexandra House, The Sweepstakes, Ballsbridge, Dublin 4, Ireland