Excellence in delivering creative aviation solutions
Our Business
Aircraft Sales & Remarketing
• Development of a Marketing plan with timeline • Submission of regular Marketing reports • Proposal evaluation
• Term sheet and Contract documentation assistance • Technical project management
• Transaction co-ordination to closing Aircraft Leasing & Asset Management
• Pre-purchase inspections • Lease technical provisions
• Preparation and Delivery of aircraft • Lease monitoring and return
Inspections
• Technical records audit/analysis • Maintenance reserve management • Aircraft return or repossession
• Engine planning & Maintenance shop selection
Structured Finance
Veling is committed to providing innovative financing solutions aided by extensive banking and equity relationships to meet specific requirements of our clients in the modern market. This is facilitated by offices in Port Louis,Mauritius and London, UK thereby providing access to the European, African and Middle Eastern aerospace financing markets.
Our philosophy is to develop strong and lasting relationships with our
valued clients by providing an effective, professional and personal service at all times. We endeavour to remain as close as possible and accessible to our valued customers.
Aircraft transactions …
• First sale with a lease attached in India of five A310 to Air India
• Sale of one A320 for Silk Air
• Owns two 2007 built ATR72-500 aircraft leased to Kingfisher Airlines
• Sale and Leaseback transaction for three A340-300 aircraft to SriLankan Airlines
• Freighter Conversion and Sale & Leaseback of 3 A310-300 to Deccan Cargo & Logistics
• Successful remarketing of 4 B747-400 to Transaero Airlines, Russia • Successful remarketing of 4 B777-200ER to Transaero Airlines, Russia
• Sale and Leaseback of 4 B777-200ER with Emirates Airlines.
Expanding Business
Veling has signed an agreement for the construction, ownership and
management of a new private terminal and FBO to be located in St. Kitts and Nevis, Caribbean Islands.
Our Track Record
Over 20 transactions successfully concluded including aircraft sales and Leases of both Narrow and wide bodies aircraft worldwide
Among the top ten lessors in India and among the top 40 Aircraft lessors worldwide (Airline Business Magazine 2009)
13th Turboprop lessor by ranking in 2008 by Fleet Value and 25th Widebody lessor by ranking by Fleet Value (Flight Insight – Aircraft Finance Special Report 2009)
Board of Directors
Uday Nayak – Co-Founder & Chairman
Uday comes from a business family in India and has a wealth of knowledge in dealing with companies in the Indian Sub-continent. He has worked with a major bank in London and is based in London, UK.
Nirvan Veerasamy – Co-Founder & Managing Director
Nirvan worked for Airbus Industrie as a Sales Director and lead major sales campaign in South East Asia. Between 2005 and 2006, at the request of the Government of Mauritius, he was the Managing Director of Air Mauritius Ltd and initiated a turnaround plan for the airline. Nirvan is based at the Head Office in Mauritius.
Capt David Savy – Non Executive Director
David is currently the Chairman and Managing Director of Air Seychelles. He has been instrumental in the development of the National Airlines of Seychelles. Suresh Prabhu – Non Executive Director
Suresh Prabhu is a qualified Chartered Accountant and a law graduate and has been a Cabinet Minister in the Indian government in the recent past with
responsibilities for Energy, Industry, and Environment to name a few. He was also responsible for a unique ministry whose responsibility was to interlink a number of rivers of India so as to substantially increase the land under irrigation (and
improve the agricultural produce of India). Suresh Prabhu has been a vigorous campaigner of clean and responsible behaviour in politics and he is today a well know speaker in major international events.
Murali Malayppan – Non Executive Director
Murali Malayppan became the youngest CEO of Shiram Properties
(www.shriramproperties) at 29 years old and during his tenure, his company has progressed from a asset value of around 500,000 US Dollars in 1997 to more than USD 13 Billion of assets under management today. Under his guidance Shiram Properties pioneered the development of integrated townships, IT parks, Retail space, Hospitality, Senior-citizen homes as well as leisure homes across India. Shiram Properties strong management and track record has attracted the attention of a number of international investment
companies and today the company includes investment partners such as TPG Capital, Walton StreetCapital and Blackrock.
Executive Management
Hitesh Patel- Chief Executive Officer
Hitesh has just been appointed Chief Executive Officer of Veling Ltd reporting to the Managing Director. Prior to joining us, Hitesh was the Executive Vice
President of Kingfisher Airlines, India. He has over 27 years in the Aviation
industry, having started as Manager, Technical Operations of Continental Airlines for 5 years before moving to Jet Blue Corporation in New York as Director-
Technical Operations where he developed and implemented the Technical Operations Department during the initial start-up until 2004.
He joined Kingfisher Airlines in 2004 where he was involved as key member of the start-up team responsible for the certification of the airline. His responsibility covered Engineering and Maintenance,Flight Operations, Network Planning and Fleet Planning. Hitesh holds a BA – Aviation Maintenance Management and an MBA from Embry Riddle Aeronautical University, US. He will be based at the Head Office in Mauritius.
Paris Forget – Vice President – Business Development
Paris has been working for the company for the past 10 years. He is responsible for new business development including Aircraft registration and fleet
management activities in the Mauritius jurisdiction. Currently working on several projects including FBO’s worldwide.
Sebastian Moonjelly- Vice-President
Sebastian is in charge of the day to day running of Veling Aviation (UK) . He has a wealth of banking experience both in Operational as well as in Administration & Management. He has recently worked on a number of Structured Finance
Lynden Narraina - Manager Technical Services
Prior to joining us, Lynden worked for Air Mauritius where he was employed as Aircraft Engineer – Airframe and Mechanical Hub. He holds a B. engg (Hons) Mechanical Engineering from the University of Mauritius. Lynden joins at a time when our aircraft fleet is growing.
Christina Yang Sheung Wah – Financial Controller
Christina joined General Aviation (Mauritius) Ltd as Head- Finance &
Administration reporting to the General Manager. She is a qualified Certified Accountant (ACCA). She started as Administrative Supervisor at Ferney
Aquaculture in 1999 before being promoted Accounts Assistant in 2000. Prior to joining GAM, she was the Accountant of Chamouny Farming and oversaw the Accounting functions of 3 other companies including payroll. She is currently the Financial Controller for the whole Veling Group.
Contacts
For any further information, please contact : Hitesh Patel
Chief Executive Officer, Email : Hitesh@veling.aero
Veling Ltd,
Head Office (Mauritius) Suite 104, GAM Terminal, SSR International Airport, Plaine Magnien, Mauritius. Tel : + 230 6036630 Fax : + 230 6036631 UK Office
Veling Aviation (UK) Ltd 2nd Floor
Lee House
109 Hammersmith Road London W14 0QH
Tel: + 44 207 602 4422 Fax: + 44 207 602 6914