Aviation Capital Group Announces the Election of New Independent Director

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aviation Capital Group LLC (ACG), a leading aircraft asset manager, announced that Tony Diaz has joined its Board of Representatives (the ACG Board) as an independent director. Mr. Diaz was elected to the ACG Board effective February 21, 2020 and joins the four existing members.

“I am delighted to welcome Tony Diaz to the ACG Board. Tony brings a wealth of experience in aircraft leasing. His deep insight and knowledge gained through his extensive career in aviation, maneuvering through various cycles of the industry, are pertinent to our business. We look forward to working with him and benefiting from his perspective and experience,” said Mahoko Hara, Executive Chair of the ACG Board.

“I am delighted to join the board of ACG, one of the world’s most established and successful aircraft lessors. I look forward to working alongside my fellow board members with company management and being part of continued success,” said Tony Diaz.

Mr. Diaz currently serves as Non-Executive Chairman of Zephyrus Aviation Capital. Mr. Diaz was previously President of CIT Aerospace from 2012 to 2017. Prior to this position, Mr. Diaz served as an Executive Vice President of CIT Aerospace, and he was associated with subsidiaries and affiliates of CIT from 1987 through 2017. From 1981 to 1987, he was employed by People Express Airlines (which was subsequently merged into Continental Airlines) in a variety of operational and financial capacities. Prior to 1981, he worked at Cessna Finance Company, where he was primarily involved in aircraft finance. He has also served as a Director of CIT Aerospace International Ltd.

Mr. Diaz holds a Bachelor of Science degree from Embry-Riddle Aeronautical University and an Associate of Science degree from the State University of New York at Farmingdale.

About Aviation Capital Group

Aviation Capital Group was founded in 1989 and is one of the world’s premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of December 31, 2019, which are leased to approximately 90 airlines in approximately 45 countries. ACG is a wholly owned subsidiary of Tokyo Century Corporation.