JetFleet

JetFleet Holding Corp. (“JetFleet”) is a California corporation.

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Management Team

Mr. Michael Magnusson

Chief Executive Officer

Mr. Michael G. Magnusson was appointed to serve as AeroCentury’s Chief Executive Officer, effective September 6, 2016. From 1982 until 2015, Magnusson was with Saab Aircraft Leasing, in positions of increasing responsibility, serving as President and Chief Executive Officer from 1998 to 2015. As Chief Executive Officer, Magnusson oversaw an aircraft portfolio of over $500 million and a 40 person staff. After leaving Saab, Magnusson was a founding partner of an independent consulting company that he will leave when he joins AeroCentury. Born in Gothenburg, Sweden, Magnusson is fluent in Swedish and English and conversant in Spanish. He earned his Masters of Aeronautical Engineering from the Royal Institute of Technology in Stockholm, Sweden and served in the Swedish army.

Mr. Harold Lyons

Chief Financial Officer

Mr. Lyons is the Company’s Chief Financial Officer, Treasurer, Senior Vice President, Finance, and Secretary. Mr. Lyons presently serves as the Senior Vice President of Finance for the Company, and has been responsible for overseeing the Company’s tax accounting, tax analysis, acounting standards and research, and internal controls compliance under the Sarbanes-Oxley Act since 2003. Mr. Lyons has been employed by JetFleet Management Corp. (“JMC”), the management company for the Company’s assets that was acquired by and became a subsidiary of the Company in October 2018, and JMC-affiliated companies since 1992. Mr. Lyons was previously a Manager in the Tax Department of Coopers & Lybrand, Certified Public Accountants and, before that, Mr. Lyons was a Manager in the Tax Department of Arthur Young & Co., Certified Public Accountants. He received a Bachelor’s Degree in Business Administration (specializing in Accounting and Applied Economics) and a Master’s Degree in Business Administration (specializing in finance and management science) from the University of California, Berkeley. Mr. Lyons is a certified public accountant and a member of the American Institute of Certified Public Accountants (and its Tax Section) and the California Society of Public Accountants.

Mr. Christopher B Tigno

General Counsel

Mr. Tigno is responsible for all legal matters of the Company and JMC and all of its related companies, including supervision of outside counsel, documentation of aircraft asset acquisition transactions and corporate and securities matters. He has also served as General Counsel of Structured Funding, Inc. since 2005 and of CMA since 1996. He joined the Company in 1997 and joined JMC and CMA in 1996. He was also Senior Counsel with the law firm of Wilson, Ryan & Campilongo from 1992 to 1996, and prior to that was associated with the law firm of Fenwick & West from 1988 to 1992 and the law firm of Morrison & Foerster from 1986 to 1988. Mr. Tigno received his Juris Doctor Degree from the University of California at Berkeley, Boalt Hall School of Law, and was admitted to the California Bar in 1986. He also holds a Bachelor’s Degree in Chemical Engineering from Stanford University.