Jeff S. Potter and Boyd Group International to Lead Restructuring Efforts at Ryan International Airlines

EVERGREEN, Colo., Aug. 15, 2012 (GLOBE NEWSWIRE) — Jeff Potter, President and Chief Executive Officer of the Boyd Group International, has been designated as the chief restructuring officer (“CRO”) for Ryan International Airlines, Inc.

Ryan is actually retaining the services of Boyd Group International, a leading aviation consulting firm based in Evergreen, CO. Jeff serves as the President and Chief Executive Officer of Boyd and will be the lead for the Ryan assignment. He will bring with him the combined expertise of the firm’s seasoned aviation experts. Boyd Group International is at the forefront of aviation planning, forecasting, and market analysis.

Ryan, based in Rockford, Illinois is an airline charter company that flies commercial passengers in addition to flights for the US Department of Defense and the US Marshall service. It operates a diverse fleet of passenger aircraft and has over 450 employees.

Mr. Potter served as President and Chief Executive Officer and Director of Frontier Holdings, Inc., the parent of Frontier Airlines, where he was responsible for the strategic direction of the company, including the introduction of international service. He also has experience as the senior executive in other travel and leisure entities including Exclusive Resorts LLC, the world’s leading luxury destination club, and Alpine-CMH, the world leader in heli-skiing.

Potter states that, “On behalf of Boyd Group International, I am pleased to be joining the Ryan International Airlines’ team as we navigate our way through the current challenges facing the company. The brand has been serving numerous constituencies for over 27 years, including its commitment to the CRAF program over the past 8 years. The company’s employees have demonstrated their commitment to the success of the company through their unwavering dedication and professionalism throughout the company’s history. I look forward to working with all parties in a collective effort to take the necessary actions that give us the best opportunities for long-term success.”

Mark Robinson, a director of Ryan, indicated that “The experiences which Jeff and Boyd Group International bring to our table promise to expedite Ryan’s process of redefinition in the face of declining military flying opportunities. They bring a results oriented mindset and a commitment to product excellence and safety that is essential in today’s competitive and changing environment.”