Our principles for good governance are based on our Articles of Association and governed by our Board of Directors and our Executive Management. Together, they ensure that TP Aerospace meet our goals as well as our standards and obligations.

We align our corporate governance efforts with the “Recommendations on Corporate Governance” issued by the Danish Committee on Corporate Governance”. This is achieved by maintaining an ongoing dialogue with our owners and other stakeholders, by reporting results on a quarterly basis and facilitating an ongoing strategic development process that creates value for our stakeholders.

Furthermore, as our majority owner, CataCap is a member of the Danish Venture Capital and Private Equity Association (DVCA), TP Aerospace must comply with the guidelines issued by the DVCA available at the DVCA’s website

The guidelines released in June 2018, with subsequent modifications, recommend extended coverage of a number of factors in annual reports, including corporate governance, financial risk, employee relations and strategy.


TP Aerospace is a privately owned and operated company headquartered in Copenhagen, Denmark.

In 2017, the founders of TP Aerospace Thomas Ibsø and Peter Lyager sold the majority of the company to the Danish private equity firm CataCap, thus engaging in a financial and operational partnership with a strategically strong business partner.

Today, TP Aerospace Holding A/S is wholly-owned by “TPA Holding I A/S” and “TPA Holding II A/S”, which is controlled by CataCap, who together with co-investors Adveq and Kirk Kapital holds majority ownership of approximately 80%. Additionally, a smaller share is owned by key employees and management of TP Aerospace, while the remaining shares remain with the founders, Peter Lyager and Thomas Ibsø, who continue to play central roles within TP Aerospace.



CEO, born 1971

Peter has held the position as CEO since the company’s start in 2008. After completing his military service with the Royal Danish Navy, Peter acquired a B.Sc. in Economics and Business Administration from Copenhagen Business School. Today, he has 20 years of experience from the aviation industry, and has held various positions within Leki Aviation and Deloitte prior to founding TP Aerospace.


President, born 1975

As founder, Thomas has held the position as President since 2008. He entered the aviation industry after completing his military service with the Danish Artillery Regiment. He has more than 20 years’ industry experience, where his main focus has been on aftermarket sales and business development across a broad range of aviation products lines.


COO & CFO, born 1983

Nikolaj joined TP Aerospace as CFO in March 2018, and has a strong background in corporate finance and strategy. He holds a MSc in Business Administrations from Aarhus University, and is an International Finance Graduate from Novozymes. After more than five years in different finance positions, he spent three years with Chr. Hansen in the position as Finance Director and Divisional CFO, before embarking on a career in aviation with TP Aerospace.



Chairman, born 1959

Flemming holds the position of CEO of DSB, the Danish Railways, but brings almost 30 years’ experience from aviation. He is a trained pilot from the Royal Danish Air Force and spent almost 10 years as a fighter pilot. He entered the commercial aviation industry in the 80’s, first with Sterling Airways and later SAS as Captain and Chief Pilot, respectively. Before joining DSB in 2015, Flemming had held the position of COO of SAS for several years.


Deputy Chairman, born 1970

Peter is Partner in the Danish private equity fund CataCap and has a strong operational background. He holds an Executive MBA from Cranfield School of Management and a Master’s in accounting from Copenhagen Business School. Throughout his career, he has gained extensive experience within private equity but has also gained insight into the aviation industry as CFO of FLS Aerospace/SR Technics UK.


Member, born 1963

Andrew is an aviation veteran having been in the industry for more than half his life. He’s particularly strong in the technical elements of aviation and holds a degree in mechanical engineering. Throughout his more than 30 years in the industry, Andrew has held various positions within Rolls-Royce, Cathay Pacific Airways/HAECO in Hong Kong and FLS Aerospace. Most recently, he comes from 14 years as Senior Vice President, Engineering of Emirates in Dubai.


Member, born 1991

Since graduating from Copenhagen Business School with a master’s degree in Business Administration (M.B.A), Finance and Accounting, Nina has held several positions within finance, most recently at Nordea Markets as an Analyst within investment banking. In addition, Nina has gained experience from both Novo Nordisk, Eurowind Energy A/S and Nordea Retail Banking. Today, she holds the position as Investment Director at Kirk Kapital A/S where she has been employed since 2017.


Member, born 1960

Vilhelm is Partner in the Danish private equity fund CataCap and he is experienced in strategic and operational management from both the Danish and international business environment. He holds a degree in political science from Aarhus University and has several years’ experience from the aviation industry, first as CEO of FLS Aerospace and later as COO of easyJet.


Member, born 1969

Jesper has worked with TP Aerospace as auditor and advisor before joining the Board of Directors in 2017. He holds a degree as Chartered Accountant, and through various positions as auditor and advisor for e.g. Air Greenland, ST Aerospace, Aviator and the former Maersk Air, Jesper knows his way around aviation. 
Today, he holds the position as CFO of Theis Vine. 


Member, born 1964

Since obtaining a BSc. in Aeronautics and Astronautics from the University of Southampton, Mike has held a number of senior executive positions in aircraft MRO providers including CEO of FLS Aerospace, EVP of Component services at SR Technics and, most recently, President of Airinmar. Through more than 30 years’ experience from the commercial aviation aftermarket, Mike has obtained strong skills in strategy and business development.

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