Copying and distributing are prohibited without permission of the publisher
Exclusive: Veal and Allco founder launch new leasing company
25 March 2009
Former Allco Aviation CEO David Veal and Allco founder John Kinghorn launch new joint venture that will focus on the acquisition of aircraft and portfolios.
Read more:
David Veal
Allco
Allco Aviation
John Kinghorn
ILFC
Babcock&Brown
RBS Aviation Captial
David Veal, the former CEO of Allco Aviation, is setting up a new aircraft leasing company with Allco founder John Kinghorn.
KV Aviation is a joint venture between John Kinghorn, his son Geoff and Veal. It will be headquartered in London with an office in Sydney. Veal is CEO and key personnel will be appointed over the next few months.
The leasing company will target opportunistic direct investments in aircraft and also invest external private equity capital in the aviation sector. Substantial capital is already available for investments.
The new joint venture continues a longstanding business relationship between Veal and the Kinghorns. John Kinghorn founded Allco Finance Group in 1979 and was responsible for its initial involvement in aviation.
“John gave me a great grounding in business,” said Veal, speaking exclusively to Airfinance Journal from Sydney. “Since I started at Allco in 1986, we have worked very closely together. John...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
