Aviation asset management company AJW Capital has appointed Erlendur Svavarsson as its new chief executive.
Svavarsson will spearhead the company’s strategic initiatives as it continues to thrive within the aviation industry.
Part of the AJW Group, an independent aircraft component parts, repair, and supply chain solutions provider, AJW Capital serves as the principal investing division responsible for the purchase, sale, and lease of large aviation-related capital assets, including whole aircraft and engines.
An experienced aviation industry professional with track record in leadership, business development, strategic planning, organisational change, international business, negotiations, and mergers and acquisitions, Svavarsson previously held roles at Cabo Verde Airlines, Loftleidir Icelandic, Arctica Finance, and Faradair Aerospace.
He is a graduate of the University of Iceland and holds an MBA, summa cum laude, from Reykjavik University, as well as completing studies at the prestigious Harvard Business School.
Commenting on this appointment, Christopher Whiteside, chairman of AJW Group, said: “We are thrilled to welcome Erlendur as the new CEO of AJW Capital.
“With his extensive leadership experience in the aviation industry, we are confident that he will steer AJW Capital towards new heights of success, ensuring our continued commitment to excellence in aviation asset management.”
AJW Capital actively engages in creating and managing joint venture vehicles, acquiring packages of aircraft and engine spare parts for utilisation, and employing sophisticated strategies such as sale, teardown, or lease to maximise asset value.