Falko Unveils Executive Team

Hatfield, Hertfordshire.....New aircraft asset manager, Falko, today announced its senior executive team that includes the five members of the management buy-in group that has acquired the previous BAE Systems Asset Management business with the support of affiliates of funds managed by Fortress Investment Group LLC.

Jeremy Barnes, Chief Executive Officer of Falko said today:

“The new executive team is working alongside the existing operational team to create an exciting new future for this business with strong growth plans. We are all ambitious for success.”

Mr Barnes, aged 52, started his finance career with Citbank, before joining BAE Systems in 1993, where over the next five years he took a lead role in the establishment and development of the original Asset Management business. As Head of Corporate Finance he was responsible for all financial risks associated with the portfolio at the time, culminating in the Financial Risk Insurance Programme (FRIP) in 1998 which isolated the performance of its existing portfolio from any future risk and volatility in the regional aircraft market. With the FRIP completed, Mr Barnes moved to XL Capital, until he formed Orbis Capital in 2001, a specialist aerospace advisory boutique company.

Jeremy Barnes leads a team of the following executives:

Paul Stirling, who remains as Executive Vice President, Asset Management. Aged 49, Mr Stirling has headed up the Asset Management business for the past 10 years. Previously he was one of the founding members of BAE Systems’ Asset Management Organisation (AMO) starting in 1993 and ultimately headed up the commercial activities for the BAe146 portfolio. Prior to 1993 Mr Stirling held a variety of commercial and analyst positions within British Aerospace's corporate jet and commercial aircraft marketing organisations. In addition to managing the operating lease portfolio until earlier this year, Mr Stirling was also Joint Managing Director for Avro CST, which is the Joint Venture with Lufthansa for the Avro RJ simulator business based in Berlin. Over the last 10 years, Mr Stirling has also overseen the inception of Asset Management’s successful third party services, with re-marketing, lease management and consultancy offerings in both the regional and mainline airline sectors.

Martin Brennan is Chief Financial Officer. Aged 49, Mr Brennan worked in various commercial aerospace positions with BAE Systems, including Avro, Airbus and Asset Management, from 1988-1999. After completing the FRIP in 1998, Mr Brennan left BAE Systems to join J& H Marsh & McLennan from 1999-2001. He became a co-founder of Orbis Capital in 2001.

Mark Hughes is Executive Vice President Treasury. Aged 39, Mr Hughes started corporate life with Royal Bank of Scotland. He joined BAE Systems in 1997 and was part of the formation team of Oasis leasing in Abu Dhabi. In 1999 he joined XL Capital and became a co-founder of Orbis Capital in 2001.

James Greenstreet is Executive Vice President Portfolio Strategy. Aged 46 Mr Greenstreet started corporate life working for large accounting firm Arthur Andersen. He joined BAE Systems in 1994 and became a member of the management team of the Asset Management-Jets (AMJ) business. He left BAE Systems in 1999 and joined XL Capital and became a co-founder of Orbis Capital in 2001.

Sarah Dichlian is Chief General Counsel. Aged 46, Ms Dichlian started in the City law firm, DLA Piper and joined BAE Systems as legal counsel in 1991. Ms Dichlian was a member of the founding team of the Asset Management Organisation in 1993 and worked in this business until completion of the FRIP in 1998 when she left BAE Systems and joined XL Capital. She became a co-founder of Orbis Capital in 2001. Sarah is responsible for all legal and compliance matters at Falko.

About Falko:

Falko is a boutique aircraft asset manager dedicated to delivering value from our commercial aircraft portfolio. With the support of Fortress Investment Group LLC, and in pursuit of our long-term growth strategy, we offer innovative and proven aircraft leasing and finance solutions for the market.