Business
AerSale Announces Appointment of Andrew Levy to its Board of Directors and Planned Retirement of Existing Members.
Andrew Levy, Founder, Chairman and CEO of Avelo Airlines, added to the Board of Directors. Existing Board Members Eric J. Zahler and Sai S. Devabhaktuni,
About this update from Aersale Corporation
[{"type":"text","content":"\n\nAndrew Levy, Founder, Chairman and CEO of Avelo Airlines, added to the Board of Directors.\n\n\n\nExisting Board Members Eric J. Zahler and Sai S. Devabhaktuni, have announced their retirement at the end of their current term.\n\n\n\nMichael Kirton will not seek reelection as Leonard Green & Partners (“Leonard Green”) has reduced its ownership interest.\n\n\n\n MIAMI--(BUSINESS WIRE)--\nAerSale Corporation (Nasdaq: ASLE) (the “Company”) announced today that Andrew Levy, Founder, Chairman and CEO of Avelo Airlines was appointed to the Company’s board of directors on April 15, 2023. Mr. Levy is the Founder, Chairman and CEO of Avelo Airlines. He brings three decades of corporate and entrepreneurial experience in the aviation and telecommunications sectors to AerSale and has a proven track record of leading airlines to profitability from startup to scale. Prior to launching Avelo in April 2021, Mr. Levy was a Co-Founder and President at Allegiant Air and CFO at United Airlines. He has been a board member of Copa Airlines, the flag carrier of Panama, since 2016.\n\n\nNicolas Finazzo, AerSale’s Chairman and Chief Executive Officer, said, “We welcome Andrew to our Board of Directors, who has a storied history of demonstrated success and achievement in the aviation industry. Andrew brings a wealth of experience, knowledge, and industry best practices to the Company and we are confident that AerSale will benefit from leveraging his expertise. We are excited to work with Andrew and look forward to our partnership and future success.”\n\n\nOver the course of Mr. Levy’s career, he has also served as a Vice President at Savoy Capital, an aviation focused advisory and investment firm, as well as Vice President of Network Development and Planning at Mpower Communications, a telecommunications and broadband provider. Mr. Levy started his aviation career as the Director of Contracts at ValuJet Airlines. He earned a BA from Washington University in St. Louis and a JD from Emory University.\n\n\nThe appointment of Mr. Levy to the AerSale Board of Directors will temporarily increase the size of the Company’s board to 11 members through the 2023 annual stockholders meeting. Further, the Company announced that existing board members Eric J. Zahler and Sai S. Devabhaktuni, will not seek re-election following the leadership they provided in AerSal...