insto - Australian financial markets

The Australian-based Investec Global Aircraft Fund, managed by Investec Capital Markets, has appointed ex-Qantas senior executive John Borghetti to join its investment committee, which now has six members. Borghetti had 36 years experience with Qantas where he held the position of executive general manager before leaving in mid-2009. IGAF currently has seven aircraft with a total value in excess of US$500 million and is currently undergoing a second capital raising.