AV AirFinance expands to Singapore with new executive appointment

Kiel Garcia, Senior Vice President-Loan Origination APAC at AV AirFinance

AV AirFinance Limited, a commercial aviation loan servicer, announced that Kiel Garcia has joined AV AirFinance as SVP-Loan Origination (APAC). Based in Singapore, Mr. Garcia will be responsible for sourcing loan opportunities and building customer relationships in the APAC.

What does Garcia bring AV AirFinance in the new role?

Garcia has over 17 years of experience in aviation and asset finance. Prior, Garcia spent three years in MUFG, most recently as Deputy Head of Aviation Finance, Asia Pacific.

Garcia transitioned to MUFG when it acquired DVB Bank’s aviation finance business where he served as SVP. In his roles, he was responsible for sourcing and structuring finance leases, limited recourse operating lease financings, PDPs, engine financings and warehouse facilities across a wide range of airline and lessor clients and jurisdictions in the APAC region. Garcia also held senior roles at Philippine Airlines dealing with banks, aircraft lessors, and OEMs.

What were the executive’s thoughts on the appointment?

“We are delighted to welcome Kiel to the AV AirFinance team. Kiel has an in-depth knowledge of the Asian market which is essential as we continue to grow the platform and customer coverage in a key growth market,” commented Stephen Murphy, CEO at AV AirFinance.

AV AirFinance is a commercial aviation loan servicer established by a team of experienced industry professionals and KKR in June 2021. The secured loan servicing platform combines stable, long-term capital and decades of experience structuring commercial aircraft loan transactions to offer creative and innovative financing solutions to clients around the world.