Verona, WI – February 20, 2017 – Contrail Aviation Support, LLC, a trusted worldwide supplier of surplus and aftermarket commercial jet engine components since 2000, today announced the appointment of aviation finance expert Steve Williamson as Director of Acquisitions and Trading of Contrail Aviation Leasing, LLC to bolster the acquisition, sales and trading of the Company’s product inventory. Contrail is a wholly-owned subsidiary of Air T, Inc. Holdings (NASDAQ: AIRT).
Contrail’s asset focus is on the CFM International CFM56-3/-5/-7 engines, and the International Aero Engine V2500A5 engine, which power the two most prevalent narrow body, single aisle aircraft flown commercially today, the Boeing 737 Classic / 737NG, and the Airbus A320 family. In addition, the Company intends to expand its asset portfolio to include whole engine and aircraft leasing.
Steve Williamson joins Contrail with a decade of experience in the aviation finance and commercial aircraft industry with core competencies in financial analysis, mid-life aircraft management and client services. Most recently, Williamson was Senior Director, Asset Transaction Group of GA Telesis, LLC, one of the world’s largest commercial aerospace firms offering aircraft leasing, aircraft overhaul and repair, and aircraft replacement parts. In his role at GA Telesis, Williamson was responsible for the initial underwriting and analysis of select multi-million-dollar transactions as well as overseeing multiple stages of the purchase, sale and leasing of related commercial jet engine components. Previously, Williamson held account management and support positions with Brickhouse Capital, an equipment leasing and financing provider, as well as with Rolls Royce, as it related to corporate aircraft engine sales and customer database operations.
Joseph Kuhn, CEO of Contrail Aviation Support, LLC, said: “We are thrilled to have Steve join our growing and established company of aftermarket commercial jet engine components. He possesses the ideal mix of aviation finance experience and expertise, along with an extensive global network of contacts. Since 2000, Contrail has been building lasting relationships with engine MROs and asset owners — one part, one sale at a time. Being well capitalized as a company, we look forward to leveraging his acquisitions and leasing know-how to further drive our business for many years to come.”
Williamson said, “To be part of the Contrail family and be serving in a critical role that has the potential to make a significant impact at the company is extremely rewarding. With unyielding passion for the aviation industry, not only will I be focused on acquiring engines for teardown, but I also will be keen on expanding our asset transaction and leasing portfolio to include engine leasing, exchanging and trading.”
Continuing, “We at Contrail are aggressively reviewing asset acquisition opportunities as well as offer cost-effective, end-of-life exit strategies for our customers’ assets or assume short-term leases to optimize their cash flow.”
Contrail’s quality system is accredited by the ASA and recognized as providing industry leading quality to our customers. All components are overhauled by fully accredited FAA authorized repair agencies.
Contrail Aviation, LLC. was founded in 2000 with the goal of being a leading supplier of commercial jet engine aftermarket and surplus material that power the worldwide narrow body commercial aircraft fleets. Our operations are located two hours north of Chicago’s O’Hare airport in a 21,000 sqft facility. The Company has the ability to add personnel as needed, and our warehouse can accommodate inventory equaling up to 50 fully disassembled CFM56/V2500 engines. For nearly two decades, Contrail has grown by leveraging its expertise and experience of the surplus industry to ensure that our inventory is always relevant for the ever-changing marketplace. Today, Contrail remains a trusted and growing worldwide supplier of surplus and aftermarket commercial jet engine components. For more information, visit www.contrail.com.