Paolo Lironi Appointed Chief Executive Officer Of SGI Aviation AMSTERDAM, THE NETHERLANDS – August 25, 2014 – SGI Aviation Services B.V., a company of the Seabury Group, today announced that Paolo Lironi has been appointed Chief Executive Officer (CEO), on an interim basis, effectively immediately. Mr. Lironi, Executive Director, Leasing, succeeds Wadick Chomyszyn, longtime CEO. “The sudden passing of our friend and leader, Wadick Chomyszyn, has come to us as a great shock,” said SGI Aviation Chairman and Seabury Group Chairman & CEO John E. Luth. “Wadick left behind an organization that has a very strong Management Team in place, who have the passion and strength to accomplish the vision he had set with regard to the growth of SGI Aviation. In Paolo Lironi we have a highly qualified operations and technical leader, who has been instrumental in the company’s success in his role as Executive Director and who has garnered the respect of his team and the industry at large.” Paolo Lironi has a strong track record in aircraft leasing, contract negotiation, redeliveries, buyouts, and end-of-life scenario planning. Mr. Lironi’s clients include financial institutions, lessors, and commercial airlines. Mr. Lironi originally joined SGI Aviation in 2008. He has more than 10 years of experience in commercial aviation in the areas of managing engines and technical issues, negotiating MRO & lease contracts, and dealing with OEMs. Prior to SGI Aviation, he was Director of Engine Services at IASG, in addition to his previous experience in working for various airlines and aviation groups, including TES and AZZURRAair and Volare. Mr. Lironi holds an MBA degree from MIP, School of Business. A graduate of Politecnico di Milano in Milan, Italy, Mr. Lironi also holds a degree in Aerospace Engineering and a Master’s degree in Aerodynamics. “I appreciate the confidence the Management Team and the Board have in me during this critical time for our company,” said Paolo Lironi. “The Management Team and I find comfort in the memories that we have had in the many good years of working with Wadick, and I am confident that we will work relentlessly to continue to move the company forward." SGI’s Management Team has decided to closely cooperate and focus on the targets that have been set by the Management, moving forward on a range of strategic efforts, which include asset management and Channel Islands Aircraft Registry. The company expects to evaluate the interim measures by year’s end and will decide on more permanent solutions. To peruse Paolo Lironi’s professional bio and learn more about the company’s current operations, visit www.sgiaviation.com. ABOUT SGI AVIATION SERVICES B.V. Driven by a team of aircraft passionate experts, SGI Aviation Services B.V specializes in providing technical consulting and advisory services in the areas of aircraft and engine asset management and safety regulations. SGI Aviation’s service portfolio covers the entire lifecycle of an aviation asset, as well as the surrounding regulatory, operational and IT needs. SGI Aviation’s clients include lessors and financiers, airlines, corporate aircraft owners, aircraft manufacturers and MROs, as well as aviation authorities and regulators. Headquartered in Amsterdam, the Netherlands, SGI aviation has offices in New York, Guernsey, and Singapore. SGI Aviation is a Seabury Group company. www.sgiaviation.com ### | Haaksbergweg 75 | Amsterdam 1101BR | The Netherlands | F +31 20 890 8490 | info@sgiaviation.com | www.sgiaviation.com SGI Aviation B.V. T +31 20 880 4222