GMT Global Republic Aviation Announces Staff Additions in
Light of Improving Market Conditions
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Dublin, Ireland and Aurora, Colorado (May 13, 2010) – GMT Global Republic Aviation
(GMT Global), a wholly owned subsidiary of Republic Financial Corporation, today
announced the additions and promotions of corporate personnel as it prepares for improved
commercial aviation market conditions.
“Our carrier customers are reporting improved traffic results in the past two calendar
quarters and we are seeing overall macroeconomic conditions recover,” said Paul Mason,
chief executive officer of GMT Global. “We are also encouraged by what we are seeing in
our own portfolio, including recent lease extensions and the fact that we have all of our
aircraft currently on lease.”
GMT Global owns and manages a portfolio of 23 Airbus-manufactured commercial aircraft
on lease to operators such as South African Airways, Brussels Airlines, Royal Jordanian
Airlines, TAM, Virgin Atlantic Airways and Safi Airways.
“As a result of the improving commercial aviation climate, we have begun to strengthen our
management and support teams to take advantage of heightened activity on the aircraft
leasing and finance horizon,” Mason added.
Mason said that Michael Coviello has joined GMT Global’s Aurora office as managing
director of technical services. Coviello brings more than three decades of experience in the
leasing, trading, maintenance and operation of corporate and transport aircraft and airline
operations. Prior to joining GMT Global, he served as director of marketing and technical
management with Mountain Capital Partners and has held various leadership roles for
companies such as AirCapital Aviation Services, Back Aviation, GMT Global and
Tombo Aviation.
Coviello, who served as director of programs and managed two part-out programs in a
previous stint at GMT Global, held an FAA Airframe & Powerplant (A&P) certificate
for more than 30 years. He earned an AAS in Aircraft Maintenance Technology from
the College of Aeronautics. He is a member of the International Society of Transport
Aircraft Trading (ISTAT).
The company has also added Micheal Joyce, who joins GMT Global’s Dublin office
as accountant. Most recently, Joyce served as qualified accountant for KPMG Dublin
responsible for audits of various financial sectors including the aircraft leasing industry.
GMT Global also announced the following promotions:
Richard Spaulding, who joined GMT Global in 2005 and is based in the company’s
Reston, Virginia office, has been promoted to the role of senior managing director.
Spaulding possesses more than 25 years of aircraft sales and financing experience,
most recently as a sales executive with the Asset Management Group within
Bombardier Regional Aircraft. Prior to that, he was a portfolio manager and structured
finance advisor for The CIT Group where he was responsible for the management of
daily operations of a 100+ aircraft portfolio. He is a marketing and management
graduate of James Madison University.
Edmund Tatar has been promoted to managing director. Since joining GMT Global
in 2005, he has held a variety of positions in the company’s Aurora office, most recently
as director of finance and transactions, where he had a direct role in acquiring and
selling aviation assets, including transaction structuring and development, financial analysis,
due diligence, underwriting, and negotiations. Prior to GMT Global, he was employed by
American Airlines, where he served in a variety of finance and planning roles. He holds a
bachelor’s degree in economics from the Wharton School of the University of Pennsylvania
and an MBA from the University of Texas at Austin.
Paul Shanley, who has served as controller since 2008, has been promoted to the role of
assistant treasurer. Shanley joined GMT Global from AIB International Financial Services
where he was team leader aircraft leasing, responsible for a large portfolio of aircraft leasing
companies. During this period, he also served as project manager for Genesis Lease Ltd.,
now Genesis Lease Limited is now a wholly-owned subsidiary of AerCap Holdings N.V.
Shanley is certified by the Institute of Chartered Accountants Ireland as Qualified Chartered
Accountant and manages the accounts in GMT’s Dublin-based headquarters.
Germaine Holden, based in the Aurora office, has been promoted to director, asset
technical services. During his tenure with GMT Global, he has successfully managed the
repossession, placement and re-delivery of various aircraft. Previously, he held operating
roles for technology companies owned and managed by Republic Financial Corporation.
Mr. Holden is a Notre Dame graduate and earned an MBA degree from the University
of Denver.
About GMT Global Republic Aviation
GMT Global Republic Aviation is an international strategic aviation company that acquires,
leases and manages a fleet of commercial aircraft. The Dublin-based company focuses on
creating value through strategic growth and has adopted a “value not volume” business
model. Managed by a team of senior aviation executives and staff with extensive world-
class experience in manufacturing, commercial-passenger, and air-cargo carriers, GMT
Global owns and manages a portfolio of 23 aircraft. More information available
at: www.republic-financial.com/aviation.
About Republic Financial Corporation
Republic Financial Corporation, the parent company of GMT Global Aviation, is a privately
held company headquartered in Aurora, Colorado, with investment interests in a diverse
pool of operating companies and assets, specializing in aviation, equipment-leasing portfolios,
private equity, and distressed commercial debt. Since 1971, Republic Financial Corporation
has invested in assets worth over $1 billion, achieving commercial success by developing
creative solutions to difficult and complex business situations. More information available
at: www.republic-financial.com.
Media Contact:
Tom Kennedy
Republic Financial Corporation / GMT Global Republic Aviation
303.923.2146
tkennedy@gmt-aviation.com
GMT Global Republic Aviation
Booterstown Hall
Booterstown Avenue
Co. Dublin
+353.1.2103504