TES Aviation Group appoints new Chief Operating Officer

TES Aviation Group today announced that Mr Mathew Burris has been appointed to the position of Chief Operating Officer (COO). Formerly of CFO position at TES, Mathew retains his responsibility for the overview of TES Finance, whilst assuming a broader remit as COO responsible for integrating all aspects of the TES business including Finance, Acquisitions, Strategic Client Programs and Business Systems.

Mat is a 12 year veteran of TES having qualified as a Chartered Accountant with PWC prior to working in the steel industry and going on to join TES in 2001. Mat sits on the TES Board of Directors along with CEO Ashley Cooper, and representative members of the TES shareholders from DVB Bank SE, Mitsubishi Corporation and Development Bank of Japan.

“I am delighted to formalise Mat into the position of COO” said Ashley Cooper, CEO. “Mat’s role has expanded to cover all aspects of the TES business over the past years. With the growth in our organisation to revenues of $150m it is vital that all facets of our business are integrated across our different functions. Mat has the skills and experience to pull together all aspects of the business from the initial acquisition of assets, through funding, leasing, teardown, repair, consumption and all of the resultant data management and financial reporting requirements.” Mat will continue to work closely with all members of the Senior and Middle management teams.

TES Aviation Group is one of the foremost providers of integrated Technical, Commercial and Risk Management Solutions. TES manages a portfolio of engines on behalf of lessors, airlines and investors numbering close to 1,000 with a value in excess of $3BN. Aligned with its management programs TES is an active acquirer of aircraft engines (either as whole aircraft or spares) and offers shorter term lease engines on a “green-time burn-off basis” to its client base prior to engines entering part-out as a means of producing quality overhauled piece parts.

Working with its client base and major strategic partners, TES is focussed on driving down the cost of ownership for owners and operators of engines by close technical management, cost effective lease engine supply, and increased “fill rate” of quality overhauled material to drive down shop visit costs.