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Global Jet Capital grows with GE portfolio acquisition

Global Jet Capital has completed its acquisition of GE’s fixed-wing corporate aircraft financing portfolio in the Americas.

The Boca Raton, Florida-based company was launched in 2014 by global investment firms GSO Capital Partners, the Carlyle Group and AE Industrial Partners, with the aim of providing finance and leasing options to owners of mid- to VIP airliner-sized business jets.

Although the majority of the aircraft financed by the company are based in the USA and Canada, Global Jet says there are “strong signs of growth potential” in Central and South America.

Executive director Shawn Vick singles-out Brazil and Mexico as countries with notable prospects within this region. With inventories of 330 and 570 top-end business jets, respectively, including 30 aircraft already financed by Global Jet, “these are well established markets with a good infrastructure", he says.

“[As] in many regions, sources of funding are reducing in number, so there is [a] significant opportunity for us to step in and provide financing solutions,” continues Vick – a business aircraft industry veteran and former senior executive with Gulfstream and Hawker Beechcraft.

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