Svavarsson brings a wealth of experience to the role, having served as an accomplished CEO and Board of Directors member within the airline and aviation industry with roles previously held at Cabo Verde Airlines, Loftleidir Icelandic, Arctica Finance, and Faradair Aerospace. With a proven track record in leadership, business development, strategic planning, organisational change, international business, negotiations, and mergers & acquisitions, Svavarsson is a highly skilled professional. He is a graduate of the University of Iceland and holds an MBA, summa cum laude, from Reykjavik University, as well as completing studies at the prestigious Harvard Business School.

In his new role at AJW Capital, Svavarsson will spearhead the company's strategic initiatives as it continues to thrive within the aviation industry. As part of the AJW Group of companies, AJW Capital serves as the principal investing division responsible for the purchase, sale, and lease of large aviation-related capital assets, including whole aircraft and engines.

AJW Capital actively engages in creating and managing joint venture vehicles, acquiring packages of aircraft and engine spare parts for utilisation, and employing sophisticated strategies such as sale, teardown, or lease to maximise asset value.

Commenting on this appointment, Christopher Whiteside, Chairman of AJW Group, expressed his confidence in Svavarsson’s ability to lead the company into its next phase of growth, saying,

"We are thrilled to welcome Erlendur as the new CEO of AJW Capital. With his extensive leadership experience in the aviation industry, we are confident that Erlendur will steer AJW Capital towards new heights of success, ensuring our continued commitment to excellence in aviation asset management."

Find out more about AJW Capital here