Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced the
election to its Board of Directors of Richard Baudouin, an experienced
aircraft leasing executive who co-founded Aviation Capital Group (ACG),
a global leader in aircraft leasing and finance.
Baudouin, 60, is currently one of three principals in Infinity Aviation
Capital, LLC, an investment firm involved in aircraft leasing. He has
more than 30 years of experience in aircraft finance and leasing,
including more than $7 billion in aircraft financing agreements via
Infinity, ACG, and GE Capital’s aircraft finance unit.
ATSG President and CEO Joe Hete said, “Richard Baudouin has an
exceptional track record in commercial aircraft leasing and financing
that will be invaluable to ATSG as we further develop and expand our
Cargo Aircraft Management (CAM) leasing business. He also has extensive
contacts with major players in the global leasing marketplace. I look
forward to working with him to help us leverage our expanding fleet of
Boeing 757 and 767 freighter aircraft for even greater returns for our
shareholders.”
Baudouin launched ACG in 1989 with several partners, and oversaw the
marketing and capital markets units of the firm. ACG was acquired by
Pacific Life Insurance Co. in 2005, and is now one of the world’s
largest aircraft leasing companies, with more than 260 Airbus and Boeing
passenger and freighter aircraft, leased to approximately 90 airlines in
40 countries. He holds a Masters in Business Administration degree from
the George Washington University in Washington, D.C.
Baudouin will complete the Board term of Jeffrey A. Dominick, who
resigned from the Board effective Dec. 31, 2012. Dominick, one of the
original partners of MassMutual Capital, a private equity investment
subsidiary of the MassMutual Financial Group, has accepted a new
position with an aviation investment unit of Blackrock, Inc., that may
conflict with his responsibilities to ATSG. He had served on ATSG’s
Board since February 2008.
About ATSG
ATSG is a leading provider of aircraft leasing
and air cargo transportation and related services to domestic and
foreign air carriers and other companies that outsource their air cargo
lift requirements. ATSG, through its leasing and airline subsidiaries,
is the world's largest owner and operator of converted Boeing 767
freighter aircraft. Through its principal subsidiaries, including three
airlines with separate and distinct U.S. FAA Part 121 Air Carrier
certificates, ATSG provides aircraft leasing, air cargo lift, aircraft
maintenance services and airport ground services. ATSG's subsidiaries
include ABX Air, Inc.; Airborne Global Solutions, Inc.; Air Transport
International, Inc.; Cargo Aircraft Management, Inc.; Capital Cargo
International Airlines, Inc.; and Airborne Maintenance and Engineering
Services, Inc. For more information, please see www.atsginc.com.
