Author Archive

Magi announces change in London business address

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Magi Aviation Capital formally announces a change in its London business address to 32 Threadneedle Street, London, EC2R 8AY as of 7 July 2022.

Magi is pleased to announce that all other contact details will remain unchanged.

Magi completes repossession

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Magi Aviation Capital (Magi) has recently completed the technical management and repossession of one A330-200, formerly operated by Virgin Australia on behalf of Global Knafaim Leasing (GKL). The process was made particularly complex due to the restrictions arising from COVID-19 and the administration of the airline. Both Magi and GKL are very pleased to have been able to successfully navigate the records compilation, physical redelivery and regulatory transition process.

GKL commented that the Magi team led by Jason Bewley expertly managed the process of re-possessing the aircraft from Virgin Australia enabling it to be ferried to Fokker Services in Holland where it will be stored awaiting its next customer: “Magi have gone above and beyond to assist us in protecting our interest on this project”.

Allison Cleghorn 1966-2021

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We are very sad to advise of the death of our dear colleague, friend and shareholder Allison Cleghorn who passed away peacefully at home, surrounded by her family, after a short illness.

Allison, who had been with Magi since inception, was responsible for establishing and managing the invaluable accounting and finance framework that allowed Magi to grow from start-up to established industry player today. She was warm, funny and caring and her loss will be sorely felt amongst all at Magi, but we think especially at this time of Sean and her children Daniel, Ieuan and Carys.

“Nos da a thawel cwsg, Allison. Cymru am Byth.”

“Good night and peaceful sleep, Allison. Wales for ever”

In memory of her loss, Magi is donating to two worthy causes – Pancreatic Cancer UK and the Trussell Trust (a charity very close to Allison’s heart, which fights food poverty and hunger in the UK).

Further information may be found here https://allisoncleghorn.muchloved.com

Airline Economics Growth Frontiers London: 2 December 2020

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Magi CEO Sean Cleghorn will be moderating the Aircraft Trading & Investment panel at the Airline Economics Growth Frontiers London Virtual Event on 2 December 2020, at 14.10 GMT.

More details at aviationnews-online.com

Magi opens Doha office in Qatar Financial Centre

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Magi Aviation Capital (Magi) has opened a regional office in Doha, Qatar.  Magi Aircraft Management ME LLC is a Qatar Financial Centre (QFC) registered company and will be the focal point for Magi’s origination and aircraft management activities in Qatar and the region.  The office will also focus on the development of aircraft finance and leasing expertise in Qatar, working alongside the QFC and other local partners.

Sean Cleghorn, CEO of Magi, said “This is an exciting step for Magi as we continue to develop our long-standing relationships in Qatar, including the airline, banking and other partners. We are delighted to have this opportunity of working with all our partners and to make a significant contribution towards facilitating growth and opportunities in the local aircraft financing and leasing infrastructure.”

Neil Lewis, COO of Magi and Senior Executive for Magi Aircraft Management ME LLC in Doha, said “Magi and its partners have been working together for some time on the establishment of the office and we are proud to be a pioneer in the aircraft finance hub and the long-term benefits that it will bring to Qatar.”

Henk Hoogendoorn, Managing Director of Financial Sector Office, QFC, also said “We are delighted that Magi has decided to set up the base for its local and regional activities at the QFC here in Qatar.  This is a significant step in the development of this specialist global sector in Doha and the long-term goal of a local centre of excellence and opportunities”.

Airline Economics Growth Frontiers Dublin conference

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Magi Aviation Capital are major sponsors of the “Airline Economics Growth Frontiers Dublin” conference, 19-22 January.

Ishka ‘Investing in Aviation Finance: Germany’ conference

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Magi Aviation Capital is a Partner of the Ishka ‘Investing in Aviation Finance’ conference in Munich, Germany, 26 November 2019. Neil Lewis will be speaking.

Airline Economics Growth Frontiers Hong Kong conference

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Magi Aviation Capital are lead sponsors of the “Airline Economics Growth Frontiers Hong Kong” conference, 4-6 November.

Ishka ‘Aviation Investival North America’ conference

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Magi Aviation Capital is a partner of the “Aviation Investival North America” conference, in New York, 16-17 October 2019.

Airline Economics Growth Frontiers New York conference

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Magi Aviation Capital are lead sponsors of the “Airline Economics Growth Frontiers New York” conference, 16-18 October 2019.

Airline Economics Growth Frontiers Dubai conference

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Magi Aviation Capital are lead sponsors of the “Airline Economics Growth Frontiers” conference, Dubai, United Arab Emirates, 30 September – 2 October 2019, at which Sean Cleghorn will be speaking.

ISTAT EMEA conference

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Magi Aviation Capital are silver sponsors of the ISTAT EMEA conference, in Berlin, Germany, 23-25 September 2019.

Ishka ‘Investing in Aviation Finance: Japan’ conference

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Magi Aviation Capital is a partner of the Ishka ‘Investing in Aviation Finance: Japan’ conference in Tokyo, 12 September 2019.

Role changes at Magi

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Aviation finance specialist and aircraft manager Magi Aviation Capital (Magi) formally announces some role changes and re-designations within its business.

Jason Bewley, who joined Magi in 2015 as Regional Director for airlines and financiers in the Asia Pacific region, has become Executive Vice President & Head of Marketing. He will step up to take leadership of global airline origination and aircraft remarketing, while maintaining his key role in Magi’s active portfolio management.

John Sharman, a co-founder, formerly Chairman and most recently non-executive director of Magi, has retired from the Magi board. John will retain his non-executive chairmanship of Magi’s Korean joint venture aircraft management business MPAM and will also assume the title of Emeritus Advisor to the Magi group.

Peter Vardigans, Executive Chairman of Magi, commented: “Jason has been with Magi since an early stage of its development and we are extremely pleased that, in this newly-designated role, we can continue to benefit from his focused approach to deal origination and his extensive network of industry relationships. This new position reflects both Jason’s achievements to date within Magi and the continued growth of the company.”

Peter also commented: “We are especially grateful for the work and insight that John, as one of its co-founders, has provided since Magi’s inception. John’s early vision is a key reason why Magi is a leading player in the Korean and global aircraft investor market, and we are very pleased John will retain his links with the group through MPAM and in an advisory capacity.”

Jelena Stefanovic joins Magi as new senior team member

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Aviation finance specialist and aircraft manager Magi Aviation Capital (Magi) is pleased to announce that Jelena Stefanovic will be joining Magi in their London head office from June 2019.

Jelena has worked with distinction in the aircraft finance industry and brings market-leading analytical skills, highly developed experience in both structuring and execution and a comprehensive background in innovative finance structures.

With over 18 years’ experience in the asset and aviation financing & leasing sector, Jelena joins Magi after her most recent role as Managing Partner for Doric Partners LLP in London, where she was the head of financial analysis for aviation and real estate, whilst managing the structuring and execution of aviation investments. Prior to Doric, she covered tax-based leasing and structured finance transactions at Citigroup asset finance.

Sean Cleghorn, Chief Executive Officer at Magi said: “Jelena is joining us at a time where her skills will help enormously in growing Magi’s business. We are delighted that she has chosen to join us. The Magi team and business is entering an exciting stage of development and we are sure Jelena will make a great contribution.”

Ishka ‘The Aviation Investival Korea’ conference

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Magi Aviation Capital is a partner of the Ishka ‘The Aviation Investival’ conference in Seoul, 21 March 2019.

Airline Economics Growth Frontiers Korea conference

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Magi Aviation Capital are lead sponsors of the “Airline Economics Growth Frontiers” conference, Seoul, Korea, 19-20 March 2019.

Airline Economics Growth Frontiers Dublin conference

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Magi Aviation Capital are major sponsors of the ‘Airline Economics Growth Frontiers Dublin’ conference, Dublin, Ireland, 20-23 January 2019.

Magi boosts technical expertise

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Aviation finance specialist and aircraft manager Magi Aviation Capital (Magi) is pleased to announce that Scott Kachad has joined Magi as Director – Technical.

Scott is an international technical and asset management specialist with over 35 years’ experience in this field with OEMs, airlines and lessors. His latest role has been with PWC Australia managing the technical and commercial disposal of aircraft and components for the MAS creditor group. Prior to this he was Manager Commercial, Contracts and Asset Management at Virgin Australia where he was responsible for managing engineering maintenance contracts, lessor contracts and new aircraft inductions and disposals. In this role he was also the Part 42 Responsible Manager Compliance for maintenance and aeronautical material sourcing.

Scott began his career with the Douglas Aircraft Company/Boeing Company where he spent 13 years as a field service engineer and latterly Sales Director with a range of international postings in Europe, Asia and North America. His aircraft type experience includes Airbus, Boeing, ATR as well as military aircraft. Scott also brings, alongside his excellent technical credentials, a strong network of OEM, MRO, airline and lessor relationships.

Sean Cleghorn, Partner at Magi said: “We are delighted that Scott has chosen to join the growing team and business at Magi. Scott brings not only a comprehensive technical and engineering skillset but also the critical ability to recognise the commercial and financial importance of this vital part of our business. As Magi continues its development, Scott will play a vital role in that pathway.”

Airline Economics Growth Frontiers London Conference

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Magi Aviation Capital are lead sponsors of the “Airline Economics Growth Frontiers London Conference” London, 6 December 2018.

Ishka ‘Investing in Aviation Finance: Frankfurt’ conference

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Magi Aviation Capital is a Partner of the Ishka ‘Investing in Aviation Finance’ conference in Frankfurt, 13-14 November 2018, at which both Peter Vardigans and Fraser Chestney will be speaking.

Airline Economics Growth Frontiers Hong Kong Conference

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Magi Aviation Capital are major sponsors of the “Airline Economics Growth Frontiers Hong Kong Conference” Hong Kong, 29-31 October 2018.