Jet Managers International
JET MANAGERS INTERNATIONAL

Management

Forbes Magazine Portrait

Stuart Peebles

Peebles launched JMI in February 2006. Prior to this he was President of Jetran International, Ltd headquartered in San Antonio, Texas. He was instrumental in the creation and launch of Jetran in early 2002 when the company purchased 97 aircraft from US Airways along with all the supporting spare parts and spare engines. As a result, Jetran was arguably the first new company to launch in the aircraft leasing/trading sector after the huge downturn experienced in late 2001. Once Jetran had successfully placed all of this equipment Peebles left Jetran to launch JMI.

Prior to this Peebles was President of US Airways Leasing & Sales, Inc for a period of 6 years. This subsidiary, with around 25 personnel, was without doubt the world most active used aircraft trading entity within an airline. During his tenure the total narrow-body fleet at US Airways was reduced from 10 to 3 types and in excess of 250 aircraft phased-out. Revenues generated were in excess of $450M. In addition, Peebles responsibility included managing the sale of all engines and components that supported these fleet types. In addition, numerous aircraft in the core US Airways fleet were returned or renegotiated by this group. At its peak the subsidiary had as many as 60 aircraft which were leased out to airlines worldwide. The aircraft were typically older distressed assets and brought along with them the typical challenges of marketability, maintenance exposure, credit risk and repossession. The main aircraft types to be re-marketed were B737-200, B727, DC9, MD80, F100, F28 and BAe146.

From 1994 to 1996 Peebles was responsible for aircraft trading at Qantas Airways Ltd., in Sydney, Australia. There, he helped create an aircraft trading unit which handled all lease management for the airline (leasing in and out) and outright sales of surplus assets. The main aircraft types handled were B747-200, B737-300/400 and Dash 8.

From 1988 until 1994, he was on the staff of British Airways Air Trading, rising to the post of Chief Aircraft Trader. During this period he initially was responsible for the sub-contract of all British Airways ageing aircraft modification programs on the B747-100/200 and L1011 and latterly the sale of surplus aircraft fleets including B737-200, BAC1-11 & L1011. He holds a Bachelor of Science degree with honors in aeronautical engineering from the University of Glasgow, Scotland. He is a member of the International Society of Transport Aircraft Trading and the Chartered Institute of Purchasing & Supply in the U.K.