VICE PRESIDENT AVIATION ASSETS & INSURANCE Gulf Air

Employer Active

Posted 2 hrs ago

Experience

10 - 12 Years

Job Location

Manama - Bahrain

Education

Bachelor of Arts(Economics)

Nationality

Any Nationality

Gender

Not Mentioned

Vacancy

1 Vacancy

Job Description

Roles & Responsibilities

Structure and execute aviation transactional agreements, including trans-border aircraft/engine lease contracts, lease restructuring, aircraft sale and purchase agreements, and lease novations/assignments.

Partner with Fleet Planning to support decisions on aircraft and engine type/quantity needed for the Group s strategy.

Leverage existing relationships with manufacturers, airlines, leasing companies, and lenders to drive business development and deliver solutions.

Develop new global business relationships with key aviation stakeholders to expand the Aviation Assets portfolio and related opportunities.

Coordinate and participate in purchase committees for aircraft, engines, and simulators, ensuring financial/commercial alignment with Group objectives.

Monitor all aircraft and engine lease agreements to ensure compliance with key terms, including termination dates, return conditions, and maintenance/operational standards.

Negotiate with manufacturers, lessors, lessees, buyers, sellers, and financiers to secure favorable commercial and risk terms, working closely with the CFO as required (including insurance pre-conditions and maintenance conditions).

Conduct short- and long-term market studies for aircraft and engines market values and fair values using advanced analysis and benchmarking.

Ensure that contractual terms and conditions in aviation lease agreements are properly fulfilled across Legal, Insurance, Operations, and Technical stakeholders.

Coordinate with Treasury to ensure timely payment of rentals/lease obligations to avoid interest charges and minimize payment risks.

Manage and oversee audit requirements for Aviation Asset Management by coordinating with internal and external auditors to ensure readiness and resolution of findings.

Desired Candidate Profile

Bachelor s degree in Economics, Finance or equivalent.

A masters degree is preferred.

Minimum of 10 years experience in the fields of accounting, finance including 5 years of which are in Senior Management Positions

Strong aviation asset finance knowledge (aircraft/engine leasing, sale & purchase, novation/assignment)

Advanced negotiation and contract management skills

Strong understanding of lease terms (termination, return conditions, maintenance/operational standards)

Company Industry

Department / Functional Area

Keywords

  • VICE PRESIDENT AVIATION ASSETS & INSURANCE

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Gulf Air

Gulf Air, the national carrier of the Kingdom of Bahrain, commenced operations in 1950, becoming one of the first commercial airlines established in the Middle East. Today, Gulf Air is a major international carrier serving 43 cities in 24 countries spanning three continents. The airline operates one of the largest networks in the Middle East, with double daily flights to over 10 regional cities, from its hub at Bahrain International Airport.

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https://gulfairgroup.sniperhire.net/vacancy/175338