Greg Conlon has been promoted to President and CEO of GE Capital Aviation Services (GECAS). Alec Burger will continue as President & CEO of GE Capital and will also serve as the Chairman of GECAS.
Prior to his appointment to lead GECAS, Conlon previously served as both President and CEO of Milestone Aviation and Executive Vice President of GECAS’ Aircraft Trading.
GECAS has consistently delivered excellent results for many years and is positioned for continued success, the company said. This change in leadership is being done to ensure the continued strength and health of GECAS, with Conlon being fully dedicated to leading the GECAS business with Burger’s continued engagement as Chairman.
“Greg is an experienced leader with deep and positive relationships across the industry and GE, and a personal track record of performance. It’s my distinct pleasure to promote such a great GE leader to the helm of GECAS,” noted Burger. “It has been and will continue to be a privilege to be a part of GECAS, however, now is right time in the evolution of GECAS to have Greg as the dedicated leader of the business. As President and CEO, Greg will bolster GECAS’ position as the business continues to deliver for our global customers.”
“I’d like to recognize Alec for his mentorship, friendship and support,” shared Conlon said. “While Alec continues his focus on the broad GE Capital portfolio, I am grateful that he will be staying on as GECAS’ Chairman, where he will stay involved in strategic decisions and ensure a seamless transition. I am truly excited to lead such a team of talented, collaborative, and customer-focused professionals as we have at GECAS.”
Conlon has been with GE for 20 years and is a highly respected leader in the aviation financing industry, the company said. He is ideally positioned for this role, with a career history including experience in capital markets, asset trading, OEM management, sales, debt financing and P&L leadership.
“GECAS remains a strategically important and critical part of GE Capital,” Burger added, “I am excited to see it continue to thrive under Greg’s leadership.”
At Milestone Aviation Group, Conlon led the world’s leading helicopter leasing and financing company, supporting a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining and others.
As EVP, Aircraft Trading at GECAS, he had oversight of large aircraft and engine portfolio sales to investors, as well developing new sources of capital, institutional structures and capital efficiency.
Previously, he served as Senior Vice President & Regional Manager for GECAS’ US Sales and Marketing operations and managed the Boeing relationship for GECAS. He began his career with GECAS in 2000 as Senior Vice President, Origination for PK AirFinance, and was promoted to Senior Vice President, Sales and Marketing for GECAS in 2005.
Prior to joining GECAS, he held various finance and sales positions at PK AirFinance, Boeing Capital Corporation and McDonnell Douglas Finance Corporation.