Virgo Investment Group partners with ex-CIT Aerospace Executives to expand its aviation business

Virgo Investment Group is expanding its aviation business via Zephyrus Aviation Capital. Several former CIT Aerospace executives have partnered with Virgo to transform Zephyrus into a full-service platform and the Company is completing a large portfolio acquisition.

Zephyrus is a fleet management solutions provider to lessors and commercial airlines around the world. The Company is focused on older and end-of-life aircraft and engine leasing & trading. Zephyrus is backed by funds managed by Virgo, who has been investing in aviation since 2010.

With offices in Dublin and Fort Lauderdale, Zephyrus has assembled a team of seasoned industry veterans. Tony Diaz, former President of CIT Aerospace, and Damon D’Agostino, former Chief Commercial Officer of CIT Aerospace, who previously worked together for over twenty years, have joined the Company as Chairman and President & CEO, respectively. Along with two other former CIT colleagues, the team will lead the next phase of development and growth of the Zephyrus enterprise. The Zephyrus team has significant experience having previously completed over 850 aircraft sales, leases and deliveries with over 150 distinct customers in 49 countries over the past decade alone.

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