Andreas Otto appointed as new managing director of MHS Aviation


Munich-based Aviation Investment are to enlarge their activities in the areas of aircraft leasing, aircraft finance and brokerage with the appointment of a new managing director.

Munich-based Aviation Investment has appointed Andreas Otto as the new managing director of its MHS Aviation VIP operator subsidiary, as Steffen Fries, managing director of Aviation Investment, concentrates on strengthening the holding company’s position as a competitive broker and finance company.

“We now want to focus again on the core competencies of Aviation Investment,” said Fries.

Gerd Brandecker, owner and founder of the group added: ”We have completed 11 transactions over the last 18 month and see an increasing demand for one-stop-solutions from purchase via finance to the operation of the aircraft.”

Steffen Fries will take over the responsibility for these fields of activity. To fully focus on the role, Fries handed over his former role as MD and accountable manager of MHS Aviation to Otto.

Speaking of his new role, Otto said: “I am proud to continue the growth of MHS with a team of highly motivated experts. There are always challenges in today’s competitive environment but with our flexibility, customer oriented organization and financial strength I am convinced we shall build on the success achieved so far.”