AerCap has released that Philip Scruggs, President and Chief Commercial Officer, will retire in March 2021 and that Peter Anderson will take over as Chief Commercial Officer.
During his 26-year career with AerCap, Scruggs has held a number of positions within the company — lawyer, leasing executive, Chief Commercial Officer and President. Over the past ten years, he has led the commercial business of the company, managing a fleet of over 1,000 aircraft that has generated on average over US$4 billion per year in revenue and purchasing over US$27 billion of new equipment from Airbus, Boeing and Embraer.
Peter Anderson brings to the role two decades of global experience in aircraft leasing and structured finance, having worked in Dublin, Singapore, London, and Sydney. He is a member of the Group Executive Committee of AerCap and is currently responsible for AerCap’s leasing activities across Europe, the Middle East, and Africa. Prior to his current position, Anderson opened, developed, and led the Asia Pacific office of AerCap’s predecessor ILFC, transitioning to the Head of Asia Pacific during AerCap’s acquisition of ILFC in 2014.
