Deucalion Aviation Accelerates Global Expansion and Strategic Focus on Mid-Life Aircraft

LONDON and NEW YORK and DUBLIN, Aug. 7, 2025 /PRNewswire/ -- Deucalion Aviation, a global investment and asset management firm focused on mid-life commercial aircraft, today announced a series of initiatives supporting its next phase of growth, including steps to enhance its leadership team, platform capabilities, and geographic presence.

In support of its expanding global mandate, Deucalion recently opened a New York City office led by Nathan Riggs, Chief Commercial Officer, David Sims, Head of Investments, and Diarmuid Hogan, Chief Financial Officer, who together bring decades of experience in commercial aviation across origination, trading, and capital markets.  They have been joined in New York by Jack Conroy, Ben Boudreaux, and Dylan O'Toole, further strengthening Deucalion's commercial execution capabilities.

In London, Karl Trowbridge has joined Deucalion as Chief Operating Officer.  Karl is a seasoned industry veteran with a background in mid-life and mature asset investing and management.  He brings over 40 years of commercial and executive experience. 

In Dublin, Ross Nicholas has joined Deucalion as Senior Vice President to focus on sourcing and trading activity.  Ross brings to Deucalion deep expertise in transaction execution, pricing, and sourcing, having spent more than a decade at SMBC Aviation Capital, and most recently as an executive at CDB Aviation's aircraft leasing business.

In Asia, Frank Meijer has joined Deucalion to support sourcing, trading, and asset management activities in the APAC region.  Frank has over 35 years of industry experience including most recently overseeing global sales and origination for Commonwealth Bank of Australia.     

Deucalion also has initiated a process to identify the company's new Chief Technical Officer to succeed Les Walsh, who is stepping down.  Separately, Rick Boyes, an industry veteran with over 25 years' experience (including as Head of Fleet with Virgin Atlantic before joining Deucalion in 2021), has been named the company's Head of Asset Management, succeeding Toby Iles, who is stepping down and will remain as a consultant to Deucalion through to the year end.

"We're excited to continue to add high-caliber, energized professionals with deep sector experience and technical rigor and build upon our longstanding aviation know-how," said John Morabito, Non-Executive Chairman of Deucalion.  "We are deeply appreciative of the significant contributions made by Les and Toby to Deucalion's technical and asset servicing platform, as we deepen our strategic capabilities and position our business for its next chapter of growth."

Since its acquisition by Strategic Value Partners in 2021, Deucalion has reaffirmed its strategic commitment to the mid-life aircraft sector.  Its investment model leverages strong relationships with both lessors and airlines to curate targeted opportunities in mid-life aircraft – typically those with attractive remaining lease terms and known operator profiles.  This allows Deucalion to structure portfolios tailored to distinct investor preferences across yield, duration, and credit exposure.

"The fundamentals in mid-life aviation remain strong, despite noise in the macro backdrop," said Nathan Riggs, Chief Commercial Officer.  "We continue to see robust demand for thoughtfully structured investments, particularly from capital partners seeking resilient cash yields and diversified exposure across geographies and asset types."

About Deucalion Aviation
Deucalion Aviation is a global asset manager specializing in mid-life commercial aircraft investment and servicing.  With over 20 years of heritage in aviation, the firm manages relationships across the capital stack and with leading airline and lessor partners worldwide.  Since becoming part of Strategic Value Partners in 2021, Deucalion has continued to evolve with the addition of new leadership and global offices, and a platform focused on generating long-term investor value.  Investment funds managed by Strategic Value Partners, LLC and its affiliates have invested approximately $3.0 billion in aviation opportunities with Deucalion as Servicer.  Additional information is available at https://deucalion.com/.

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SOURCE Deucalion Aviation