Norman C.T. Liu | |
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Alma mater | Harvard University (MBA) Yale University (BS) |
Occupation | Business executive |
Employer | Nordic Aviation Capital |
Title | President & CEO |
Norman C.T. Liu | |||||||
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Chinese | 柳澈漯 | ||||||
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Norman C.T. Liu is a Chinese-American business executive and former Senior Advisor to ICBC Leasing [1] based in Beijing,China. During the fall of 2021,he was named President &CEO of Nordic Aviation Capital, [2] [3] the world's largest regional aircraft leasing firm,with operations in Ireland,Singapore,Denmark,Dubai and Toronto.
Liu also currently serves as a Senior Advisor to Global Infrastructure Partners,a Board Member of GA Telesis [4] and an adjunct professor at the Graduate Business School of University College Dublin. [5]
He was formerly the Chairman,President &CEO of GE Capital Aviation Services (GECAS) based in London and Singapore until his retirement in December 2016. He was a veteran of GE Capital,a primary unit of General Electric to which GECAS was grouped. He assumed the CEO position at GECAS in July 2009. GECAS was the world's largest aircraft financing firm during his tenure with AUM of over $55 billion. [6] [7] [8]
Liu graduated from Yale in 1979 and obtained an MBA from Harvard [9] in 1982.
GECAS was an Irish–American commercial aviation financing and leasing company. AerCap acquired the company from GE Capital on November 1,2021.
Guinness Peat Aviation (GPA) was an aircraft leasing company set up in 1975 by Aer Lingus,the Guinness Peat Group and Tony Ryan,then an Aer Lingus executive.
Aircraft leases are leases used by airlines and other aircraft operators. Airlines lease aircraft from other airlines or leasing companies for two main reasons:to operate aircraft without the financial burden of buying them,as well as to provide temporary increase in capacity. The industry has two main leasing types:wet-leasing,which is normally used for short-term leasing,and dry-leasing which is more normal for longer-term leases. The industry also uses combinations of wet and dry. For example,when the aircraft is wet-leased to establish new services,then as the airline's flight or cabin crews become trained,they can be switched to a dry lease. In some markets,there may also be hybrid models,such as with crew provided by lessees.
Global Aviation Holdings Inc. (Global) was the parent company of World Airways,Inc. (World),and North American Airlines,Inc.,headquartered in Peachtree City,Georgia,US. Its airline holdings included World and North American along with ATA Airlines until the parent company renamed from Global Aero Logistics to Global Aviation Holdings. ATA,World,and North American all were Part 121 U.S.-certified air carriers providing customized air transportation services for major international passenger and cargo carriers,international freight forwarders,the U.S. military,international leisure tour operators,and international corporations.
Genesis Lease Limited (NYSE: GLS) was a global aircraft leasing company incorporated in Bermuda in July 2006 and had a successful IPO and New York Stock Exchange listing in December 2006. It was headquartered in Shannon,County Clare,Ireland. It acquired its initial portfolio of leased aircraft from GE Capital Aviation Services (GECAS),who continued to service the portfolio. On 25 March 2010 Genesis Lease Limited merged with AerCap Holdings N.V. in an all share-for-share merger.
The Comac C919 is a narrow-body airliner developed by Chinese aircraft manufacturer Comac. The development program was launched in 2008. Production began in December 2011,with the first prototype being rolled out on 2 November 2015;the maiden flight took place on 5 May 2017. On 29 September 2022 the C919 received its CAAC type certificate. The first production airframe was delivered to China Eastern Airlines on 9 December 2022 and was put into commercial passenger service on 28 May 2023.
Avolon is an aircraft leasing company headquartered in Dublin,Ireland. It was established in May 2010 by Dómhnal Slattery and a team from RBS Aviation Capital,including John Higgins,Tom Ashe,Andy Cronin,Simon Hanson,and Ed Riley. In December 2014,Avolon went public on the New York Stock Exchange (NYSE) with the ticker symbol AVOL,marking the largest listing of an Irish-founded company on the NYSE. In September 2015,Avolon received a cash offer from Bohai Leasing Co.,an affiliated Chinese leasing and financial services company,to acquire 100% of Avolon's common shares. The acquisition by Bohai Leasing was completed in January 2016,leading to Avolon's delisting from the NYSE. In November 2018,ORIX Corporation,a Japanese financial institution,acquired a 30% stake in Avolon from its shareholder,Bohai Capital,which is part of the HNA Group.
Air Transport Services Group Inc. (ATSG) is an American aviation holding company which provides air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. ATSG,is the world's largest lessor of converted Boeing 767 freighter aircraft through its leasing division,Cargo Aircraft Management. Through its principal subsidiaries,including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates,ATSG provides aircraft leasing,air cargo lift,passenger ACMI and charter services,aircraft maintenance services and airport ground services. ATSG's subsidiaries include Cargo Aircraft Management;ABX Air;Air Transport International;Omni Air International,Airborne Global Solutions;Airborne Maintenance &Engineering Services,including its subsidiary,Pemco Conversions dba Pemco World Air Services;and LGSTX Services.
Ansett Worldwide Aviation Services (AWAS) or simply Ansett Worldwide was one of the world's largest commercial jet aircraft leasing companies. Its head office was located in Dublin,Ireland,and it had offices in Miami,New York City,and Singapore.
AerCap Holdings N.V. is an American-Irish aviation leasing company headquartered in Dublin,Ireland,with offices around the world. AerCap is listed on the NYSE with the ticker 'AER'. It became the largest aviation leasing company in the world following the acquisition of ILFC in 2014,and GECAS from GE in 2021,for over $30 billion.
Liǔ is an East Asian surname of Chinese origin found in China,Korea,and Japan,as well as in Vietnam and throughout Southeast Asia. It is the 60th name in the Hundred Family Surnames poem.
Martin Møller Nielsen is a Swiss-based Danish billionaire businessman and the founder of Nordic Aviation Capital (NAC).
Bamboo Airways JSC is a Vietnamese airline founded in 2017. Commencing operations in January 2019,this carrier declared that it would be following the "hybrid airline" model. Bamboo Airways operates a fleet of the narrowbody A320 Family aircraft,having hubs at Noi Bai International Airport and Tan Son Nhat International Airport alongside its registered base,Phu Cat Airport.
Breeze Airways,legally Breeze Aviation Group,Inc.,is an American low-cost airline headquartered in Cottonwood Heights,Utah. The airline was founded by David Neeleman,who previously co-founded Morris Air,WestJet,JetBlue,and Azul Linhas Aereas. Breeze's operations launched on May 27,2021,with its inaugural flight from Tampa International Airport to Charleston International Airport.
Nordic Aviation Capital (NAC) is a company specializing in regional aircraft leasing,including narrowbody aircraft. NAC is headquartered in Ireland,with offices in Singapore,Denmark,Dubai and Toronto. It has over 60 customers in over 40 countries.
Avation PLC is a commercial passenger aircraft leasing company with airline customers around the world.
Greater Bay Airlines Company Limited (GBA),commonly known as Greater Bay Airlines,is a Hong Kong–based carrier established in 2020. The company's inaugural passenger flight was conducted in July 2022.
ABL Aviation is a full-service aircraft asset management firm that provides "tailored leasing" and services to aviation investors and lessees,focusing on commercial aircraft. The company has its head office in Dublin,and other offices in New York,Casablanca,Tokyo,and Hong Kong.
GA Telesis is an American multinational company headquartered in Fort Lauderdale,Florida. The company provides aviation aftermarket services,including component sales,aircraft maintenance and air finance.
Ali Ben Lmadani is a Moroccan-American investment banker and entrepreneur. He is the founder and CEO of ABL Corporation,a global conglomerate with subsidiaries including ABL Aviation,ABL Maritime,ABL Hospitality,ABL Agri,ABL Botanicals,and ABL Real Estate. These entities operate in commercial aviation,shipping logistics,agriculture,personal care and cosmetics,and luxury hotels and high-end real estate.