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Fexco has this week announced the appointment of Gerry Hastings as CEO of its new aviation business, Fexco Aviation Services.

The business aims to build Fexco’s position as the primary provider of services to the aviation finance market worldwide and will be headquartered in Shannon, with an office in Dublin.

Fexco Aviation Services will perform cash management, administration and accounting services for aviation related businesses. It will also provide Managing Agent services for aircraft and aircraft engine owning vehicles in the Asset Backed Securitisation sector.

Gerry Hastings has extensive experience in the aviation sector in finance roles for GPA, GECAS and AerCap. He joins Fexco, one of the world’s original and most established fintech organisations, after 11 years as Managing Director of Phoenix American Financial Services, a provider of administration and financial services to the aviation Asset Backed Securities (ABS) sector.

Fexco, founded in 1981 and headquartered in Killorglin, employs over 2,300 people across its suite of companies in 29 countries across Europe, the Middle East, Asia-Pacific, North America and Latin America.

“I am delighted to welcome Gerry to the Fexco team and have confidence that with his proven track record, he will build Fexco Aviation Services to become a premier provider of financial services to the aviation industry,” Denis McCarthy, CEO of Fexco Group, said.

“Gerry has vast experience in aviation having started his career with GPA in the early ‘90s. In particular he has been deeply involved in managing and shaping capital markets aviation financing vehicles for the last 25 years.”

Speaking about his new appointment Gerry Hastings added that he is very excited to lead Fexco Aviation Services in such a dynamic market and at such an exciting time in the industry. “Even at this early stage, we pride ourselves in providing excellent client service levels and in developing the strong business relationships with the leasing companies, clients, advisors and other significant players in the aviation market,” he said.