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Wed, Jan 21, 2004

Upgraded: AeroCentury Announces New VP

Kirk Watson Named VP, Aircraft Technical Services

AeroCentury Corp., an independent aircraft leasing company, announced on Monday that JetFleet Canada Ltd., a subsidiary of its management company, JetFleet Management Corp., has hired Kirk Watson as Vice President, Aircraft Technical Services.

Mr. Watson joins AeroCentury from Avionco Inc., where he served as Technical Director since 2001. Prior to joining Avionco, Mr. Watson held various positions of increasing responsibility at Avmax Group, Field Aviation West Ltd., and several regional airline and airline service firms. Mr. Watson holds a Certification in Management from Canadian Institute of Management along with various airline maintenance licenses.

"We are very pleased that Kirk has agreed to join our management team," said Marc J. Anderson, Chief Operating Officer of AeroCentury. "We expect that his diversified and worldwide experience in the aircraft industry with maintenance providers and airlines will provide AeroCentury with the expertise necessary to continue our growth and industry presence."

AeroCentury is an aircraft operating lessor and finance company specializing in leasing regional aircraft and engines utilizing triple net leases. The Company's aircraft and engines are on lease to regional airlines and commercial users worldwide.

FMI: www.aerocentury.com

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