OXFORD, Conn., March 8 /PRNewswire/ -- Key Air, a leading national provider of FBO services, best-in-class aircraft management and worldwide executive charter services, announced today that Brad D. Kost, President and CEO, has decided to leave the Company at the end of March and will be succeeded by Bob Marinace effective immediately.

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"I have enjoyed working for a company that is an industry leader in customer safety, convenience and trust. The team at Key Air shares a strong commitment to providing our clients with an exceptional product and it has been an honor to be a part of that team," Mr. Kost said. "I am more than confident that Bob Marinace will provide excellent leadership to continue to grow the company."

Mr. Marinace joined Key Air in August of 2009 as a Senior Vice President and was responsible for many of Key Air's efforts in national expansion, client service and development of internal operating processes. An aviation industry veteran with over 30 years experience, Mr. Marinace has held several senior leadership positions across the aviation industry including Chief Operating Officer, Senior VP of Flight Operations, Business Development and VP of Integration. Prior to his career in private aviation, Mr. Marinace served in the United States Air Force as a Lockheed C-5A crewmember.

"Key Air is a company with an outstanding and experienced group of people who have dedicated themselves to providing the finest private aviation experience," Mr. Marinace said. "I look forward to working with this team in building upon the solid foundation Brad helped to create."

"We are very pleased to have a senior executive with Bob's industry knowledge and experience leading the organization," said Suhail Rizvi of Rizvi Traverse Management, the principal equity investor of Key Air. "Bob has significant experience with complex business aviation fleets which will serve us well as we expand over the next few years. Under his direction, we are well positioned to continue our current growth and national expansion."