Paul Newrick

Mr. Newrick has been involved in the commercial aviation industry, with a focus on financing and leasing activities for 40 years. Mr. Newrick co-founded Altavair L.P. in 2003 and is responsible for the overall strategy and management of its affiliate, Altavair Limited. Prior to co-founding Altavair L.P., 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.