LCI vice chairman Michael Platt to step down
LCI’s vice chairman Michael Platt will retire at the end of this year but continue to serve a senior adviser working on business innovation projects for the operating lessor.
Platt joined LCI as CEO in 2009 and has served as its vice chairman since 2021. He played a key role in LCI’s expansion and its positioning across the commercial fixed-wing, helicopter and advanced air mobility sectors, according to the company.
Previously, he joined Aircastle as chief investment officer in 2007. He also served for many years on the ISTAT Board of Directors and was the organisation’s president from 2007-2009. After his presidency he served as a trustee of the ISTAT Foundation Board where he helped create AirLink and the ISTAT university programmes. (ISTAT was founded in 1983 as the International Society of Transport Aircraft Trading).
After graduating from the University of Virginia School of Law, Platt began his career as a private corporate finance lawyer before joining the legal department at McDonnell Douglas Finance Corporation in 1987. In 1992, he joined International Lease Finance Corporation (ILFC) as corporate counsel, eventually becoming senior vice president. While at ILFC, Platt was involved in the leasing and trading of hundreds of aircraft around the world, as well as the evaluation and purchase of new aircraft.
“LCI is grateful to Mike and is delighted that he will still be part of the LCI family as an adviser,” said the company.