OCTOBER 13TH, 2015
AFC’s Parent, Stellwagen, Acquires Volito Ireland
DUBLIN, 12 OCTOBER 2015 Stellwagen Finance Company, the parent company of Aviation Finance Company Limited (AFC), today announced the purchase of Volito Aviation Services Ireland Limited (VASIE), the Irish subsidiary of Swedish based Volito Aviation Services AB. VASIE will be renamed Seraph Aviation Management Limited (Seraph) and will remain headquartered in Dublin. This acquisition represents another step in the expansion of Stellwagen’s aviation business.
Seraph’s management team will include Eugene O’Reilly, the newly appointed Chief Executive Officer; Edward Hansom, Chief Investment Officer, Edward Coughlan, Chief Commercial Officer; Stephen Coyle, Chief Technical Officer and Catherine Power, General Counsel.
Eugene O’Reilly said, “Our customers will surely benefit from the talented and experienced team that we have developed over the years. I am looking forward to working in coordination with AFC, offering our customers expert financial and aircraft management solutions.”
Douglas Brennan, Chief Executive Officer of AFC said, “The acquisition of Seraph signals our commitment to excellence in aviation. Seraph’s management team, led by Eugene, represents the best of breed in the industry. These professionals have the experience, dedication and know-how to deliver a broad array of services to the aviation community.”
Former VASIE parent, Volito Aviation Services AB, which is jointly owned by Volito Aviation AB and an affiliate of The Goldman Sachs Group, Inc., will continue to maintain an office in Malmo, Sweden.
About Aviation Finance Company
Aviation Finance Company Limited (AFC) provides capital and arranges financing solutions through innovative financial engineering to meet the needs of the global transportation industry. AFC is headquartered in Dublin, Ireland and along with its sister company in New York. www.avfinco.com
About Seraph Aviation Management Limited (formerly Volito Aviation Services Ireland Limited)
Seraph is an aircraft asset manager, wholly owned by Guardian Holdings Limited, headquartered in Dublin, Ireland. Seraph has a strong track record in the aviation leasing industry. Its experienced professionals have built up a worldwide network of established business relationships with customers in the airline, manufacturer, financing and service provider sectors.