Arthur (Art) Herrity

PERSONAL PROFILE:

  • Excellent personal reputation and level of integrity
  • Self-motivated, effective hands-on manager and administrator
  • Strong organizational, prioritizing and decision-making abilities
  • Multi-disciplined in respect of commercial aircraft and engine purchases, trading, leasing, contract administration, asset and risk management and oversight; marketing and aircraft operations.
  • Proven track record in contract negotiation, lease/asset management and closing out deals
  • Ability to function efficiently & productively either independently or as part of a team – at all levels.
  • Ability to relate to people of different nationalities – cross cultural.
  • Extensive global travel and overseas based incl Europe - Middle East - USA - Singapore - Hong Kong

 

PROFESSIONAL:

  • Member of Chartered Management Institute (UK)   MCMI
  • Fellow of Institute of Sales Management (UK)   CISM
  • Member of International Society of Transport Aircraft Traders (ISTAT)
  • Member of Hong Kong Aircraft Leasing and Aviation Finance Association (HKALAFA)

 ORGANISATIONS:

  • Royal Overseas League (UK)
  • Thailand Aviation Society (TAS)
  • Community of Hong Kong Aviation Professionals (CHAPS)
  • Singapore Community of Regional Aviation Professionals Society (SCRAPS)
  • Association of South Pacific Airlines (ASPA) – Service Provider

EDUCATION:

  • Educated in Scotland - UK
  • O Levels, Highers (Scottish A Levels)
  • Edinburgh University (Gala College of Technology).
  • Royal Air Force – Commissioned Officer and Pilot Training
  • Legal Sessions re Aviation Contracts – Slaughter & May (UK)
  • Numerous Aviation Seminars and Conferences

CAREER: 

1970 BRITISH UNITED AIRWAYS / BRITISH CALEDONIAN (UK)

Flight Operations Officer

 

1971 ROYAL AIR FORCE (UK)

Commissioned Officer

Pilot Flying Training

 

1972 LOGANAIR (Scotland)

Operations & Charter Duty Officer

 

1973 BRITISH AIRCRAFT CORPORATION (UK - Saudi Arabia)

Flight Operations & Administration Controller

King Faisal Air Academy – Riyadh, Saudi Arabia

 

1974 LOGANAIR (Scotland)

Asst Commercial Manager

Administration & Contract Manager

Exec PA to Managing Director

 

1976 IRAN AIR (UK & Iran)

Area Sales and Marketing Office –Scotland & London

 

1977 CLARKAIR International (UK)

Aircraft Sales, Trading & Leasing Manager

 

1979 LASSAIR International (UK)

General Manager

Responsibilities include aircraft sales, trading, leasing and remarketing;

Administration, client liaison and advertising.

 

1985 AEROSPACE FINANCE Ltd – London

    &   AEROSPACE FINANCE ASIA Ltd – Hong Kong

Vice President (VP) Operations

 

Management of the group’s activities in both the London and Hong Kong offices in respect of aircraft and engine acquisitions, contract negotiations, portfolio management and administration. Initial and on-going client liaison; relevant marketing and research.

Transactions included British Airways, Qantas Airways, Air New Zealand, Royal Brunei Airlines, Malaysian Airlines, Air Pacific (Fiji), Royal Air Force (UK), Air Niugini, Royal Air Maroc, Egyptair, Yemenia, JAT, China Airlines, Air Lanka (Sri Lankan Airlines), Boeing (re KC-135 Prog).

  

1993 CITIBANK N.A. & CITICORP AIRCRAFT MANAGEMENT Inc (CAMI).

Vice President (VP) Asia Pacific (Hong Kong)

Regional Vice President (RVP) Asia Pacific - Aviation & Transportation (Hong Kong)

President of 2 x Aviation ALP Funds (2 x US$750 Million = US$1.5 Billion) in Amsterdam.

 

Assisted with preparing CAMI (operationally) for Rating Agency Listings

Management of Citibank/CAMI assets in Asia-Pacific.

Make Presentation to other banks/lessors/investors for CAMI to manage their aviation assets

Advise and support Citibank regional aviation teams in asset management and valuations.

 

 

1992 THE AEROSPACE COMPANY Limited (AERO) – Registered in Hong Kong

Director/President

 

Set up to work as an Independent in respect of Aviation Trading, Finance and Consultancy.

Undertaking projects/reports on various aspects of the market.

 

AERO was appointed in 1999 as the sole representative of Asia-Pacific region on behalf of Willis Lease Finance Corp, the largest Independent Commercial Engine Lessor to be responsible for their lease and purchase of commercial aircraft engines; Developing client base, negotiating base contracts, market intelligence and to develop and create growth for Willis Lease in the Asia-Pacific region.


2006 WILLIS LEASE FINANCE Corp (WLFC)

Independent Contractor (Non-Exclusive. Same functions as above etc - only a change in status).

 

Due to the amount of time required on WLFC projects via AERO, I accepted a direct contract as an Independent Contractor to devote more time to lead development in Asia-Pacific, establishing WLFC as a major player of commercial engine leasing focusing on Asean, India and Australasia.

 

Transactions included, Cathay Pacific, Qantas, Jetstar, Tiger Airways, Virgin Airways, Air Pacific, Air New Zealand, Jetconnect, Air Tahiti Nui, Air Vanuatu, Garuda Indonesia, GMF, Sriwijaya Air, Air India Kingfisher, GoAir, Spicejet, Jet Airways, Asiana, ANA, Japan Transocean, Philippine Airlines, Airblue, GMF, IHI, MHI, CFM,

 

2018 THE AEROSPACE COMPANY Limited (AERO) – Registered in Hong Kong

Director/President

Re-established in late 2017 to explore new avenues of business in response to the growing interest of Chinese and ASEAN based Regional investors to gain access to, and knowledge of, the reality of working, competing and surviving in both the aircraft and engine leasing sector particularly in their non core skills, which are primarily finance-funding although the success already achieved by them in this sector is already impressive.

 

AERO offers consultancy-advisory-management services airlines, lessors and financial institutions etc.

 

We aim to contribute both directly as a seasoned expert aviation professional and also via the recently established Hong Kong Aircraft Leasing and Aviation Finance Association, to the development of both HKALAFA’s and of the Hong Kong Governments’ ambition to again make Hong Kong a global aviation finance and leasing centre via aggressive tax incentives for lessors to create an establishment in Hong Kong; the availability of proven experts in the aviation sector and establishing professional qualifications to ensure the continued development of its goals for the aviation-aerospace sectors in Hong Kong.

Arthur Herrity

Make AERO a part of YOUR TEAM !!