R. Stephen Hannahs
Group Managing Director and CEO
Aviation Capital Group

Education
University of Wisconsin, Madison
   B.A., economics/history, 1969
   M.B.A., finance, 1973

Business History
Mr. Hannahs is one of the founders of Aviation Capital Group (ACG) and is currently group managing director and CEO.  Prior to forming Aviation Capital Group in 1989, he held various positions at Integrated Resources Corp. and Integrated Aircraft Corporation, including executive vice president of Integrated Resources Corp. and president of Integrated Aircraft Corporation.  From 1980 until 1982, Mr. Hannahs was a vice president and partner of Tanon Leasing Corporation, a partnership with the Hillman Company of Pittsburgh.  Mr. Hannahs was responsible for all of Tanon's aviation activities.  From 1977 to 1980, he was employed by Itel Corporation where he was responsible for airline and aviation financing activities.  From 1973 to 1977, he was a corporate lending officer for the First National Bank of Chicago.