AirAsia appointed Stephane Daillencourt as president and  chief executive officer of its Asia Aviation Capital leasing unit.

Daillencourt was most recently with GE Capital Aviation Services (GECAS). Prior to GECAS, Daillencourt held positions in structured finance with aircraft maker Avions de Transport Regional, CIT Group and Credit Lyonnais.

AirAsia Group CEO Tan Sri Tony Fernandes said the aviation group is thrilled to have Daillencourt on board to lead AACL into its next stage of expansion, as the group explores more leasing opportunities.

“He brings with him decades of experience and a strong record in aircraft financing, and his deep understanding of the industry — coupled with his strong relationship with financial partners and potential customers in the region — make him the right person to take AACL to the next level,” said Fernandes. “GECAS and the GE Group have been major supporters of AirAsia since our very early days. With Stéphane joining us, we look forward to fostering greater business relations with GE Group in the future.”