Rod Sheridan, Chairman of NAC, said “Jim has, after 17+ years working in a senior leadership position with NAC and bringing the business to its position as the largest lessor in the Regional and Turboprop sector of the aircraft leasing industry, decided to stand down from the business as its restructuring efforts approach a successful conclusion. We thank Jim for his significant contribution to NAC over many years and wish him every success in the years ahead. Jim will be leaving the Company immediately as we move into the next phase of the restructuring".