Adrian is Auckland bureau chief for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.
Adrian was previously based in Aviation Week’s Washington office for nine years, writing for a range of the group’s publications and covering many aspects of the commercial aviation industry. He has won Australasian and international awards for his aviation writing.
Prior to joining Aviation Week in 2002, Adrian covered aviation industry and policy issues for two other publishing companies in Washington. He has also worked for newspapers in Texas and New Zealand, covering a wide range of topics. Adrian graduated from Auckland University with a degree in history and English in 1992.
American yesterday completed the sale of its American Beacon Advisors subsidiary to Lighthouse Holdings, Inc. in a transaction valued at $480 million. Beacon is the first major subsidiary to be spun off since American announced last year that it was considering whether to sell various subsidiaries. The deal was primarily a cash transaction, but American also acquires a “small equity stake” in Lighthouse’s parent. Lighthouse is owned by investment funds affiliated with Pharos Capital Group and TPG Capital.
Continental President Jeff Smisek will take on the company’s chief operating officer title in addition to his current role. Chairman and CEO Larry Kellner will assume oversight of marketing and technology. Continental’s Executive VP-Operations Mark Moran will report to Smisek.
Aircraft lessor International Lease Finance Corp. is reportedly one of the assets embattled insurance giant AIG is considering selling to stay afloat. AIG has considered selling ILFC before, but as recently as June said it would rather keep the wholly owned subsidiary.
