[June 16, 2021]

Ray Fernandez-Andes Named CFO at Next Level Aviation

Seasoned finance executive Ray Fernandez-Andes has been named Chief Financial Officer at Next Level Aviation, a leader in the global distribution of used serviceable material (USM) for commercial aircraft and jet engines.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210616005177/en/

Ray Fernandez-Andes has been named Chief Financial Officer of Next Level Aviation. He will help create financial strategies to support the company's planned growth in the coming years, both organically and through acquisition. (Photo: Business Wire)

Fernandez-Andes brings a high level of finance expertise in the airline and commercial aviation aftermarket to NLA. He has xtensive experience in improving financial results, providing strategic advice for growth and capital deployment, as well as managing banking and investor relationships. Fernandez-Andes is a certified public accountant (CPA) in the state of Florida, and a former auditor at Arthur Andersen. He has held senior finance management positions at the following companies:

• Aerolease Aviation, LLC
• Aviation Repair Technologies LLC
• Arrow Cargo
• World Air Lease, Inc.
• GE Engine Services

"We are pleased to welcome Ray to Next Level Aviation as Chief Financial Officer. He will play a key role in ensuring that we maintain our low-cost structure as we execute our growth strategy. Ray's extensive CFO experience at airlines, leasing companies, and repair stations will provide a unique perspective from within our target markets," said Next Level Chairman and CEO Jack Gordon. "Ray is a critical member of the executive team who will help our business provide creative nose-to-tail support solutions for our customers to reduce their maintenance costs and maximize operational efficiency," added Gordon.

Gordon continued, "We would also like to thank Steve Favazza from SCF Consulting Services for his dedication, support and expertise over this past year as our interim CFO through a very challenging operating environment."

"Next Level Aviation is well-positioned for growth and profitable expansion in the commercial aviation aftermarket," said Fernandez-Andes. "I am excited to join the world-class team at NLA as we execute our strategy."

ABOUT NEXT LEVEL AVIATION
Next Level Aviation is an ASA-100 accredited and FAA Advisory Circular 00-56B compliant supplier stocking commercial aircraft/jet engine used serviceable material (USM) for all Boeing (News - Alert) and Airbus aircraft platforms and associated jet engines. Next Level specifically focuses on stocking spare parts for the Boeing 737 and Airbus A320 families of aircraft and their associated jet engines, which currently make up about 70% of the global commercial fleet. Founded in March 2013 by Jack Gordon, Mike Dreyer, and Matt Dreyer, Next Level Aviation has grown into a top global supplier of commercial aircraft/jet engine, used serviceable material. www.nextlevelaviation.net

To find out more information or to request additional images, please contact Jack Gordon at 305-439-1944 or [email protected].

View source version on businesswire.com: https://www.businesswire.com/news/home/20210616005177/en/

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