Aviation Capital Group LLC (“ACG”) announced today that Steven C. Udvar-Hazy will be promoted to senior vice president and will succeed John Feren as head of Original Equipment Manufacturers (OEM) Relations & Market Development, effective December 31, 2017.

As Senior Vice President, Mr. Udvar-Hazy will be responsible for OEM relations at ACG. In addition to his responsibilities for OEMs, he will also be building a market development function that will leverage his knowledge of aircraft and the aviation industry to assist the sales and marketing teams.

“Steve has been with ACG for eight years and has been a key member of the organization. In addition to his knowledge and experience of the aviation industry, he is also a licensed Boeing 737 pilot and holds a MBA and bachelor of arts from Stanford University. Steve was named by Airline Economics as one of the Top 40 Under 40 in the aviation industry in 2016 and 2017, only one of two in the world that were named to this list twice in consecutive years,” said Khanh T. Tran, president & CEO of ACG.

Mr. Feren has had a successful career at ACG spanning more than nine years and he will be retiring prior to year-end 2017.

“On behalf of everyone at ACG, I would like to thank John for his contributions to ACG's growth and success, which have been numerous and immeasurable. John began his career at ACG with responsibilities in sales and marketing and more recently as head of global asset strategies. ACG's success in securing slots and economics for our order positions is in no small way attributable to John,” said Khanh T. Tran.