
THE LATEST AEROTHRUST NEWS . . .
AeroThrust Corporation Promotes Jose Leon to President and COO
Miami, Florida (March 11, 2009) AeroThrust Corporation, a commercial maintenance, repair and overhaul (MRO) facility
serving both the CFM56 and the JT8D family of engines, today announced the promotion of Jose Leon to President and Chief Operating Officer.
“Jose has clearly demonstrated his commitment and leadership to AeroThrust, and I am looking forward to working with him as we continue to expand our capabilities, particularly in the CFM56 engine line,” said John “Jack” Risko, CEO of AeroThrust Corporation.
Mr. Leon, 52, joined AeroThrust in 1978 as a driver and quickly rose to several supervisory and management positions within a cross-section of departments, including VP of Sales and Marketing, and SVP of Materials and Purchasing. Mr. Leon also serves as the President of AeroThrust Capital, AeroThrust’s wholly-owned sales and leasing subsidiary, a position to which he was named in 2007.
Mr. Leon received a Bachelor’s degree in Business and an MBA from Nova Southeastern University.
ABOUT AEROTHRUST CORPORATION
AeroThrust is the largest independent maintenance, repair and overhaul facility in the United States serving both the CFM56 and JT8D family of engines. Our 140,000 sq. ft. shop is strategically located in South Florida, for convenient worldwide access. AeroThrust has produced over 9,000 engines since being established in 1946, and enjoys a time-tested and proven MRO track record marked by quality, flexibility and reliability on-wing. http://www.aerothrust.com
AeroThrust Corporation announces Management Appointments and Settlement of Saab AB Litigation
Miami, FL and Los Angeles, CA (April 19, 2004) AeroThrust Corporation and its parent company, Windstar Capital LLC, today announced the appointment of Garry Failler as VP Engineering, Quality and Business Development, and Rob Conrad as VP Engine Sales and Leasing of AeroThrust.
Faryt Kalhil, President of AeroThrust, commented on the appointments: “AeroThrust is the world’s low cost producer of JT8D overhauls, with costs 30% less than our major competitors and turn times less than 30 days. Garry Failler will take a leading role in extending our competitive edge, particularly as we expand our CFM56 capabilities, as he moves over from his position as VP Sales at AeroThrust. Rob Conrad is a leading figure in the engine trading world, and we welcome him back to AeroThrust where he will make us once again a dominant participant in this marketplace. I also want to take this opportunity to thank Tom Johnson, who is retiring as VP Engineering and Quality, for the outstanding job he has done for AeroThrust for many years.”
Separately, AeroThrust also announced that it has settled all litigation with Saab AB and related parties, arising from the acquisition of AeroThrust by Windstar in November, 2001, on terms satisfactory to all parties. The terms of the settlement are subject to a confidentiality agreement.
Jack Risko, CEO of AeroThrust and President of Windstar, had the following comments on AeroThrust’s prospects: “We are extremely gratified with AeroThrust’s position today. With its outstanding balance sheet and business prospects, AeroThrust looks forward to taking advantage of the many opportunities in the current aerospace marketplace. AeroThrust is by far the leader in quality, price and turn time in the markets it serves, and we look forward to extending that lead through internal expansion and by acquisition. The AeroThrust team is doing an outstanding job, and we look forward to the addition of Garry’s and Rob’s leadership in their respective areas.”
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AeroThrust (www.aerothrust.com) is the largest independent company in the United States of America specializing in the maintenance of the Pratt & Whitney JT8D family of jet aircraft engines. Saab AB, a leading international defense and aerospace company publicly traded on the Stockholm and other European exchanges, is one of Sweden’s largest companies.
Windstar Capital Buys AeroThrust for Global Reach in JT8D Engine Expertise
LOS ANGELES & MIAMI--(BUSINESS WIRE)--Nov. 12, 2001
Leader in global JT8D management services gets new owner with operational and financial expertise, and aggressively seeks additional
expansion opportunities Windstar Capital LLC, a Los Angeles-based investment firm, has acquired the assets of AeroThrust Corporation from Swedish-based Saab AB, in a transaction valuing the company at approximately $51 million. AeroThrust, located at the Miami International Airport, is a leading supplier of JT8 engine management, overhaul, sales and leasing services to the world's airlines. The acquisition will provide AeroThrust with enhanced operating and marketing expertise, as well as the capability to substantially expand its portfolio of aviation services.
For 35 years, AeroThrust has provided JT8 engine services to airlines globally. In recent years, AeroThrust has successfully focused its efforts on specific market areas, resulting in major contracts with the Unites States Government, Aeromexico and others. Windstar will build on this history of success by expanding the AeroThrust product offering to new markets and products, and transforming AeroThrust into a vertically integrated global provider of engine-related aviation services. Led by a new executive team, which totals over a century of experience and expertise, AeroThrust will aggressively expand its engine sales and leasing capabilities, and component repair activities, and will take aggressive steps to expand into other products and services needed by its customer base.
"AeroThrust is a natural fit with our core competencies of leveraging operational know-how, market intelligence, and financial engineering to provide AeroThrust and its customers unmatched value-added services," said Jack Risko, Chairman and Chief Executive Officer of Windstar Capital. "I will be personally involved in the execution of both internal and external growth strategies," he added. "Windstar is building an integrated services portfolio that will allow to provide customers with a complete range of engine overhaul, sales, and leasing solutions, and this acquisition fits that strategy precisely." Commenting on the current aviation marketplace, Risko added, "The current challenging environment demands that we build the strongest and most diversified American aviation companies possible, and AeroThrust is a cornerstone of that strategy." Risko concluded: "We are actively seeking additional acquisition opportunities to fully implement our strategy. In the current value-driven environment, we will consider acquiring both OEM and aftermarket companies, suppliers of both products and services, engine and airframe alike."
Faryt Kahlil, formerly Vice President of Quality at AeroThrust, was named as the Company's new Chief Operating Officer. He added, "Windstar Capital and AeroThrust together can offer airlines the premier JT8 engine overhaul solution in the industry - and that is only the beginning of our opportunities." He further commented, "In these momentous times, customers, employees, and the city of Miami will be the beneficiary of AeroThrust's aggressive growth strategy led by our new owner." Other management changes include the promotion of Marlene Hernandez to Senior Vice-President of Finance, Administration and MIS, and the appointment of Jose Leon as Senior Vice-President of Sales, Marketing, Purchasing and Subcontract. Thomas Johnson, Vice President of Engineering will undertake additional Quality Assurance responsibilities.
AeroThrust is based in Miami and has approximately 200 employees. Windstar Capital LLC will operate AeroThrust as a wholly owned subsidiary.
About Windstar Capital: Windstar Capital, LLC is an investment firm specializing in aerospace, e-commerce, and value investments. Founded in 1997, Windstar differentiates itself from traditional leveraged buyout firms in that it takes an operational, as well as financial, approach to investing, and takes a hands-on role in its portfolio companies. Previous investments by Windstar principals have ranged from turnarounds to start-ups, and include National Airmotive Corporation, First Aviation Services, Inc., and pioneering e-commerce companies, such as iSolve, Inc. and ForMyCause, Inc. Windstar's president is Jack Risko, who has over twenty years experience in mergers, acquisitions, and operational management. The company has offices in Los Angeles and New York.
About Saab: Saab AB, based in Stockholm, Sweden, is one of the world's leading high-technology companies, with its main operations focusing on defense, aviation and space. The group covers a broad spectrum of competence and capability in systems integration.
For more information on AeroThrust, see its World Wide Web site at www.aerothrust.com .









