Matthew Hoesley to become CEO of Altavair from January 1

• Altavair announced a leadership transition effective 1 January 2027
• Matthew Hoesley will become Chief Executive Officer and President
• Stephen Rimmer, founding CEO since 2003, will become Executive Chairman
• Dimitrios Kotinis will become Chief Commercial Officer
• The transition follows a $1.4bn equity commitment from KKR

Altavair has revealed a planned leadership transition effective 1 January 2027. Matthew Hoesley, currently President and Chief Commercial Officer, will take over as Chief Executive Officer and President. Stephen Rimmer, the company’s founding CEO since 2003, will transition to Executive Chairman. Dimitrios Kotinis, currently Head of Investments, will step up as Chief Commercial Officer.

Dimitrios Kotinis will manage marketing, trading, pricing, risk and capital markets in his new role. Matthew Hoesley originally joined the company in 2005. The change comes as part of a long-term succession strategy following a $1.4bn equity commitment from KKR to expand Altavair’s global commercial aircraft portfolio.

Altavair is headquartered in Issaquah, Washington, United States, near Seattle. The company also maintains international offices in Dublin, London and Singapore. The leadership changes take effect on 1 January 2027.

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