In his new position, Townsend will have a global brief and will be responsible for the development of structured finance and off-balance sheet transactions for the company.

He joins SALE from Deutsche Verkehrsbank (DVB), where he was head of their global distribution team. Townsend, who has 10 years experience as an investment banker specializing in the aviation industry, will be based in the UK and will report to SALE's managing director, Robert Martin.

SALE, which is based in Singapore, is an aircraft leasing company. It currently has a total delivered fleet of 27 aircraft on lease to 16 airlines in 13 countries.