BOC Aviation announces official opening of new London office

BOC Aviation announced the official opening of the new London office, headed by Steven Townend, Deputy Managing Director and Chief Commercial Officer for Europe, Americas & Africa. Mr. Townend, who has been in charge of the revenue side of the company since 2004, has more than 20 years of aviation finance and leasing experience. He will oversee all senior relationships within Europe, Americas and Africa, and have primary responsibility for airline leasing and sales in these regions.Mr. Townend will also lead the company’s strategy for developing capital market products for both airline customers and third-party investors. This includes building the company’s managed aircraft business through the sale of portfolios of aircraft into the public assetbacked securities (ABS) markets. To expand BOC Aviation’s capabilities in these areas, the company has appointed Matthew Baumgarth as Senior Vice-President, Capital Markets. He brings with him 17 years of experience in the aviation finance industry with North American airlines and investment banks. He joins Tim Pickston, Senior Vice-President for Aircraft Sales, to be based in London and will report to Mr. Townend.