Texas start-up finance company Stonebriar has relaunched its SCF Business Aviation platform as SCF Aviation Capital.
The move sees the company expand its capabilities to include both commercial and business aviation.
Kevin Brown has joined the company as vice president of portfolio management from CIT Group, where he spent his entire 14-year career in its business aircraft finance unit, most recently in the same position he now holds with Stonebriar.
Stonebriar has completed its acquisition of 16 loans from CIT, bringing the total aviation capital portfolio to 64 assets as of June 30, 2017. Brown will report to Nicholas Sandler, executive vice president and senior managing director of Stonebriar’s Aviation Capital platform.
Sandler said: “Kevin’s experience in managing portfolios with exposure to multiple jurisdictions lines up with Aviation Capital’s goal and mandate to be a leading customized capital solutions provider to the diverse constituencies in both commercial and business aviation worldwide.”