OUR TEAM

STEVE RIMMER

Chief Executive
Officer
[ ALTAVAIR LLC, SEATTLE ]

PAUL NEWRICK

President &
Managing Director
[ ALTAVAIR LIMITED, LONDON ]

MATT HOESLEY

Head of Finance &
Portfolio Management
[ ALTAVAIR LLC, SEATTLE ]

TIMOTHY O’HARA

Head of
Operations
[ ALTAVAIR LLC, SEATTLE ]

STEVE RIMMER

Chief Executive Officer
[ ALTAVAIR LLC SEATTLE ]

“Our approach remains to produce exceptional risk-adjusted returns to our investors by focusing on the needs of our airline customers and providing them a superior service which is delivered in a timely and cost-efficient manner.”

Mr. Rimmer has been involved in the commercial aviation industry including world-wide aircraft and engine trading activities for 35 years. Mr. Rimmer co-founded Altavair LLC in 2003 and is responsible for its overall strategy and management. Prior to co-founding Altavair LLC, Mr. Rimmer founded XS Aviation Ltd., a commercial aircraft investment management and advisory company in 2000. Before XS, he co-founded Curtis & Company, a boutique aviation lease and finance arranging company, where he remained a principal in charge of its London office from 1991 through 1999. During this same time, Mr. Rimmer founded Curtis Power Company, an early commercial engine leasing company, which he later sold to General Electric in 2001. At its height, Curtis Power Company managed and leased over 90 engines to airlines around the globe. Mr. Rimmer has held senior management positions with several prominent firms in the commercial aviation industry, including Security Pacific Chief Executive Officer

PAUL NEWRICK

President & Managing Director
[ ALTAVAIR LIMITED, LONDON ]

Mr. Newrick has been involved in the commercial aviation industry, with a focus on financing and leasing activities for 37 years. Mr. Newrick co-founded Altavair LLC in 2003 and is responsible for the overall strategy and management of its affiliate, Altavair Limited. Prior to co-founding Altavair LLC, Mr. Newrick worked with Mr. Rimmer in the formation of XS Aviation Ltd. in 2000. Prior to XS Aviation, Mr. Newrick founded aircraft investment management company Xavian Limited in 1998, and from 1988 to 1998, he held senior management positions at several banks specializing in aviation finance, including Industrial Bank of Japan, Ltd., Svenska Finans, and HypoBank International S.A., having started in the banking sector with Security Pacific National Bank. He commenced his career in aviation undertaking an undergraduate apprenticeship in Aeronautical Engineering with British Aerospace in Filton from 1979 to 1988, during which time he worked extensively within the ongoing Concorde program and completed his honors degree at Bristol University.

MATT HOESLEY

Head of Finance & Portfolio Management
[ ALTAVAIR LLC SEATTLE ]

Mr. Hoesley has 11 years experience in the commercial aircraft industry. Before taking on his current role in Seattle, he spent 5 years with Altavair Limited in London acting as a marketing director to Europe, the Middle East and Africa. Mr. Hoesley joined Altavair LLC on a full-time basis in 2005, after working as an intern for Altavair LLC during the summer of 2004. He is responsible for aircraft financing, bank relationships, leading the analyst team that supports purchase and sale underwritings, assisting with portfolio management initiatives, and the preparation of various investment and investor reports. He graduated from Georgetown University in 2005. He previously worked in the Chicago (2005-2006) and Seattle (2007-2008) offices.

TIMOTHY O’HARA

Head of Operations
[ ALTAVAIR LLC SEATTLE ]

Mr. O’Hara has over 25 years of experience in the commercial aviation industry. He joined Altavair LLC in 2007 and is responsible for operations, including contract management and accounting. Prior to joining Altavair LLC, Mr. O’Hara worked as an aircraft finance attorney for Boeing Capital Corporation from 2000 to 2007 and before that, he was an associate at Vedder Price in Chicago, working in its Aircraft Finance Group. During his legal career, Mr. O’Hara managed hundreds of new and used aircraft transactions representing both domestic and international clients. Mr. O’Hara graduated magna cum laude with a Jurisprudence Doctorate degree from John Marshall Law School in Chicago, IL. Before attending law school, he worked for several years as a commercial pilot, transporting equipment, fuel, and explosives to villages and gold mines throughout Alaska. Mr. O’Hara’s association with commercial aviation began at an early age while working for his family’s commercial aircraft parts sales company where he inventoried parts during his summers and later managed a commercial aviation windshield repair station immediately after college. Mr. O’Hara received his undergraduate degree from the University of Washington in 1991.

SHIRLEY RIGG-CLOVES

General Counsel & Head of Legal
[ ALTAVAIR LIMITED, LONDON ]

Ms. Rigg-Cloves is an English Solicitor with 31 years of experience providing advice to the commercial aviation industry. Ms. Rigg-Cloves joined Altavair Limited in 2003 and is responsible for all legal matters including managing external counsel relationships. Prior to joining Altavair Limited Ms. Rigg-Cloves was Group General Counsel at XS Aviation Ltd., working alongside Mr. Rimmer and Mr. Newrick from 2001 to 2003. Prior to XS, she was a Senior Associate and later an equity partner in the international law firm of Watson, Farley & Williams from 1991 to 2001, and from 1986 to 1991 she was a legal trainee and latterly an associate with the international law firm Clyde & Co., London. Ms. Rigg-Cloves has extensive experience advising on all aspects of private equity fund management, along with commercial aircraft finance, purchase, sale, lease and conversion. As a Partner, she also handled various contentious asset management and trust matters, international litigation and arbitrations, work-outs and repossession worldwide, air casualties, maintenance, regulatory matters, and various industry support documentation including joint venture, alliance, and code share agreements. Ms Rigg-Cloves is a member of the English Law Society, graduated from Newcastle University in England with full honours (LLB, Bachelor of Laws) and from the Guildford College of Law.

ANDY CARPENTER

Head of Tax & Accounting
[ ALTAVAIR LLC SEATTLE ]

Mr. Carpenter has 11 years public and private equity fund related accounting experience. He joined Altavair LLC in 2009 and is responsible for accounting, tax and treasury functions including financial reporting, tax compliance and cash management. From 2006 to 2008, he worked for BlackRock Alternative Advisors where he managed the financial and investor reporting process of a US$ 411 million fund of funds. Prior to Blackrock, he worked for Ernst & Young, LLP where he was an auditor on several public clients focused in the aircraft parts manufacturing, aircraft leasing, and retail industries. Mr. Carpenter holds a Bachelor of Science degree in both Accounting and Financial Economics from University of Redlands.

JOE GLEESON

Head of Technical
[ ALTAVAIR LLC SEATTLE ]

Mr. Gleeson has 25 years of experience in the commercial aviation industry. Mr. Gleeson joined Altavair LLC in January 2010 in the London office to head the technical team, transferred to the Seattle office in August 2010, and continues to be responsible for the management of Altavair LLC Technical. Mr. Gleeson commenced his career in aviation in 1991 as a project engineer in the systems engineering department of TEAM Aer Lingus. Mr. Gleeson was the on-site Aer Lingus representative at Boeing in Seattle in 1992 and at Airbus in Toulouse in 1994. In 1994, Mr. Gleeson was promoted to Manager, Maintenance Programs & Reliability at TEAM Aer Lingus, managing the team responsible for maintenance programs for Aer Lingus and other customer fleets, and deputized for the Engineering Manager. In 1999, Mr. Gleeson joined AerFi (more recently known as AerCap), and managed aircraft redelivery/delivery transitions for five years. In 2005, Mr. Gleeson was promoted to Fleet Manager with AerCap to set the technical standards for the AerCap fleet and AerCap lease documents, manage the technical aspects of used aircraft acquisitions and disposals, prepare technical cash flow forecasts and report to the boards of AerCap’s securitization portfolios. In 2009, Mr. Gleeson was promoted to Head of Technical EMEA & APAC, managing the technical team responsible for aircraft placement, transitions and on-lease management. Mr. Gleeson earned a Bachelor of Science degree in Engineering (Mechanical) awarded by Trinity College, Dublin.

ROB OUTCALT

Head of Investor Relations
[ ALTAVAIR LLC SEATTLE ]

Mr. Outcalt has 26 years of business management and leadership experience including 10 years of responsibility for investor relations and business development. Mr. Outcalt joined Altavair LLC in 2009 and is responsible for existing and prospective investor relationships and communications, including quarterly webcasts, fund reporting, and in-person visits. Prior to joining Altavair LLC, Mr. Outcalt was Director of Private Capital Formation at Security Properties Inc. (SPI), based in Seattle, WA. At SPI, he was responsible for sales and investor relations with SPI’s private capital partners. Prior to joining SPI in 2004, Mr. Outcalt was the Vice President of Operations of Door To Door Storage, Inc., a national leader in mobile storage with US$ 30 million in annual revenues. Mr. Outcalt joined Door To Door soon after its inception in 1996 and was responsible for real estate and capital equipment of the company’s national expansion to 17 markets. Mr. Outcalt has also worked internationally for six years in operations and sales. He holds a Bachelors of Arts degree in Business Administration from the University of Washington and a Jurisprudence Doctorate degree from the Seattle University School of Law.

SHIRLEY
RIGG-CLOVES

General Counsel &
Head of Legal
[ ALTAVAIR LIMITED, LONDON ]

ANDY CARPENTER

Head of Tax &
Accounting
[ ALTAVAIR LLC, SEATTLE ]

JOE GLEESON

Head of
Technical
[ ALTAVAIR LLC, SEATTLE ]

ROB OUTCALT

Head of
Investor Relations
[ ALTAVAIR LLC, SEATTLE ]

We are a worldwide leader in aviation finance, helping companies make amazing things happen by connecting the world.