Aviation Capital Group Names Kalscheur CEO
Aviation Capital Group’s chairman Khanh T. Tran announced that Denis P. Kalscheur has been named chief executive officer of the company, effective January 1, 2013. Kalscheur will succeed R. Stephen Hannahs, who will retire at the end of the year. Hannahs is one of the founders of ACG and has overseen its growth as group managing director and CEO since ACG’s founding in 1989. Hannahs will continue to serve on the board of Aviation Capital Group (ACG) in the new position of vice-chairman and provide advice to the chairman and CEO regarding strategic direction and other matters.
ACG is a wholly owned subsidiary of Pacific Life Insurance Company and is engaged in the acquisition and leasing of new commercial jet aircraft to the world’s airlines. Kalscheur joined Pacific Life in 2007 where he currently serves as senior vice president and treasurer. He is responsible for the company’s corporate finance and treasury operations, its institutional investment products business, financial planning and budgeting, as well as other strategic initiatives.
Kalscheur also served as chairman of College Savings Bank prior to its sale by Pacific LifeCorp earlier this year. Kalscheur’s previous experience in the airline industry includes having served as CEO of Elsinore Aerospace, a global aviation engineering and certification, maintenance, modification and quality management company. In addition, he served as CFO of AirCal/ACI Holdings, a U.S. passenger airline acquired by American Airlines and he served as vice president and treasurer of both Tiger International and The Flying Tiger Line, a global diversified transportation company and global scheduled cargo airline acquired by FedEx.