Young takes on new role with Bombardier
Dec. 9, 2011, Toronto - Bombardier Aerospace announced today the appointment of Stephen Young to the position of Vice President, Sales, Aircraft Leasing Companies, Bombardier Commercial Aircraft, reporting to Rod Sheridan, Vice President, Customer Finance, Bombardier Commercial Aircraft.
Mr. Young's promotion comes less than a year after his appointment to the position of Senior Director, Sales, Aircraft Leasing Companies for Bombardier Commercial Aircraft with the goal of expanding Bombardier's reach within aircraft leasing channels.
"As the world's economies gradually return to economic health, aircraft leasing companies are playing a vital role for operators and airlines looking for creative and flexible ways to build their fleets and meet their business plans," said Chet Fuller, Senior Vice President, Commercial, Bombardier Commercial Aircraft. "Steve's tremendous depth of experience with the leasing community and dedicated years as a Bombardier sales director in the North American market make him the ideal candidate to lead our initiatives within the rapidly developing network of worldwide leasing companies."
"Looking forward, we are forecasting that the aircraft leasing community will represent approximately one third of our sales activities. Aircraft leasing companies offer financing, marketing and operational flexibility, particularly for low-cost, smaller and start-up airlines," said Mr. Young. "We recognize their importance for opening new markets and introducing our Q400 NextGen aircraft, the CRJ NextGen family of aircraft and the all-new CSeries jetliner to operators around the world."
Mr. Young joined Bombardier over 23 years ago and has progressed through a variety of positions in marketing, customer support and sales. As Director, Sales, the Americas, he was instrumental in selling and placing aircraft with some of the top airlines in Canada and the United States including US Airways, American Eagle Airlines, and Toronto-based, Porter Airlines.
Prior to joining Bombardier, Mr. Young worked as an Aerospace Engineer with two major aerospace firms. He holds a Bachelor of Technology in Mechanical Engineering from Ryerson University in Toronto and holds a commercial pilot's license. Mr. Young is based in Toronto.