Denver, CO — July 22,2021 — Contrail Aviation Support, LLC. (“CAS”), a full-service aviation asset management platform as well as worldwide supplier of surplus and aftermarket commercial jet engine components, today announced the appointment of Richard Averitt as Director of Financial Planning and Analysis.
In his role, Mr. Averitt will focus on assessing, establishing and enhancing CAS’s financial and technical modeling processes, leveraging both his comprehensive leasing and finance experience and his extensive knowledge of the commercial aviation industry.
Mr. Averitt joins the team having most recently served as Director of Lease Finance at TrueAero, LLC. In that role, he led a team of analysts responsible for the acquisition and analysis of all lease and part-out assets. Prior to that, he was the Manager of Asset Acquisitions and Valuations for TrueAero, and from 2014-2016, he was a Senior Product Line Representative at AeroTurbine, previously an AerCap subsidiary. Mr. Averitt holds a Bachelor of Business Administration in Finance from Baylor University’s Hankamer School of Business.
“We are excited to have Richard Averitt join the growing team at Contrail,” said Kevin Milligan, Senior Vice President – Strategy, Finance & Investors at CAS. “With his experience analyzing large and complex transactions in aviation leasing and asset management, Richard has an impressive record for elevating firms and driving their success. We look forward to his insight, his innovation and are confident that his addition will further position Contrail as a leader in our industry.”
“I am honored to join Contrail at this exciting stage as their Director of Financial Planning and Analysis,” said Richard Averitt. “They have a great crew and I’m proud to be a part of it. Full speed ahead.”
ABOUT CONTRAIL AVIATION SUPPORT, LLC
Contrail Aviation Support, LLC is a commercial aircraft trading, leasing and parts solutions provider focused on creative asset management strategies that maximize value. Founded in 2000 as an engine material trading company primarily focused on used serviceable material from the JT8D and CFM56-3, Contrail has since expanded into the most prevalent engine types powering the 737NG & A320 family. Contrail’s headquarters are located two hours north of Chicago’s O’Hare airport in a 21,000 sqft facility. Contrail also has a whole-asset trading office in Denver, Colorado, and a satellite marketing presence in France and China. Focusing on the narrowbody 737NG/A320 and CFM56-5B/-7B and V2500-A5 engines, Contrail is an approved vendor to virtually every CFM and V2500 engine shop worldwide and has executed many complex transactions with most of the major lessors and aircraft trading entities within the aviation industry. For more information, visit www.contrail.com.
Senior Vice President – Strategy, Finance & Investor Relations