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QUICK LINKS

2019 Annual Report to Shareholders (PDF)

2020 Proxy Statement (PDF)


AeroCentury Corp. Announces Bankruptcy Orders And Receipt of Going Concern Audit Opinion

AeroCentury Corp. Reports Fourth Quarter 2020 and Fiscal Year 2020 Results

Our Management Team

Ms. Toni M. Perazzo
Chair

Ms. Perazzo is the Chair of the Board of Directors and is a member of the Executive Committee of the Board of Directors. She has served on the Board since the Company’s inception in 1997. Prior to her retirement in December 2019, she was the Company's Chief Financial Officer, Treasurer, Senior Vice President-Finance, and Secretary and also President and Chief Financial Officer of JetFleet Management Corp. ("JMC"), a subsidiary of the Company, where she had been an officer in various capacities since 1997. Her prior positions include Assistant Vice President for a savings and loan company, controller of an oil and gas syndicator and a senior auditor with Arthur Young & Co., Certified Public Accountants. She received her Bachelor's Degree from the University of California at Berkeley, and her Master's Degree in Business Administration from the University of Southern California. Ms. Perazzo is a certified public accountant and member of the California Society of Certified Public Accountants and the American Institute of Certified Public Accountants.


Mr. Michael G. Magnusson
Chief Executive Officer

Mr. Michael G. Magnusson was appointed to serve as AeroCentury's Chief Executive Officer, effective September 6, 2016. From 1982 until 2015, Magnusson was with Saab Aircraft Leasing, in positions of increasing responsibility, serving as President and Chief Executive Officer from 1998 to 2015. As Chief Executive Officer, Magnusson oversaw an aircraft portfolio of over $500 million and a 40 person staff. After leaving Saab, Magnusson was a founding partner of an independent consulting company that he will leave when he joins AeroCentury. Born in Gothenburg, Sweden, Magnusson is fluent in Swedish and English and conversant in Spanish. He earned his Masters of Aeronautical Engineering from the Royal Institute of Technology in Stockholm, Sweden and served in the Swedish army.


Mr. Harold M. Lyons
Senior Vice President, Finance, Treasurer, Secretary & CFO

Mr. Lyons is the Company’s Chief Financial Officer, Treasurer, Senior Vice President, Finance, and Secretary. Mr. Lyons presently serves as the Senior Vice President of Finance for the Company, and has been responsible for overseeing the Company’s tax accounting, tax analysis, acounting standards and research, and internal controls compliance under the Sarbanes-Oxley Act since 2003. Mr. Lyons has been employed by JetFleet Management Corp. (“JMC”), the management company for the Company’s assets that was acquired by and became a subsidiary of the Company in October 2018, and JMC-affiliated companies since 1992. Mr. Lyons was previously a Manager in the Tax Department of Coopers & Lybrand, Certified Public Accountants and, before that, Mr. Lyons was a Manager in the Tax Department of Arthur Young & Co., Certified Public Accountants. He received a Bachelor’s Degree in Business Administration (specializing in Accounting and Applied Economics) and a Master’s Degree in Business Administration (specializing in finance and management science) from the University of California, Berkeley. Mr. Lyons is a certified public accountant and a member of the American Institute of Certified Public Accountants (and its Tax Section) and the California Society of Public Accountants.


Mr. Frank Pegueros
Senior Vice President, Operations

Mr. Pegueros is responsible for negotiation of aircraft acquisitions and aircraft remarketing and sales, as well as drafting of contractual documents. Mr. Pegueros joined JMC and the Company in 2007 and was previously in a variety of positions with United Airlines over a twenty-year period. Initially as power plant engineer and finally, since 1994, as a senior aircraft sales executive. He was a member of United's aircraft team responsible for aircraft sales as well as lease negotiations for the operating fleet. He is a graduate of Cal Poly State University with BS in Aeronautical Engineering.


Mr. Christopher B. Tigno
General Counsel

Mr. Tigno is responsible for all legal matters of the Company and JMC and all of its related companies, including supervision of outside counsel, documentation of aircraft asset acquisition transactions and corporate and securities matters. He has also served as General Counsel of Structured Funding, Inc. since 2005 and of CMA since 1996. He joined the Company in 1997 and joined JMC and CMA in 1996. He was also Senior Counsel with the law firm of Wilson, Ryan & Campilongo from 1992 to 1996, and prior to that was associated with the law firm of Fenwick & West from 1988 to 1992 and the law firm of Morrison & Foerster from 1986 to 1988. Mr. Tigno received his Juris Doctor Degree from the University of California at Berkeley, Boalt Hall School of Law, and was admitted to the California Bar in 1986. He also holds a Bachelor's Degree in Chemical Engineering from Stanford University.