| Global Jet Capital, a new company providing
leasing and lending solutions for large-cabin, long-range business jets, has officially
commenced operations.
Three global investment firms - GSO Capital Partners, a Blackstone
company in partnership with Franklin Square Capital Partners; The Carlyle Group;
and AE Industrial Partners - have partnered to launch the company, which has the
financial capacity to fund more than $2bn in aircraft financing for individual,
corporate and government use globally.
| “Our management team, executive committee and sponsors have been
evaluating this marketplace for the last 36 months,” said
Shawn
Vick, Chairman of
Global Jet Capital’s executive committee. “The conditions are right for asset-based
structured financing services. In recent years, traditional lending sources have not been
as active in business jet financing as they used to be, leaving an opportunity for Global
Jet Capital.”
Global Jet Capital offers operating and interim leases, finance leases and
mortgage loans, progress payments and mezzanine financing for both new and
previously owned business jets. The company’s equity base, flexible business model
and industry expertise allow it to move quickly to provide clients with customized
financing solutions. |
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|
Shawn
Vick |
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Vick will be joined on the executive committee by two other aviation industry
veterans, Bill Boisture and
David
Rowe, who have extensive experience in the business
jet leasing and financing sectors. The executive committee will lead a team of seasoned
managers with broad-based experience who will manage the company in sales,
marketing, operations and administration.
“Our team’s research, as well as that of independent sources, indicates there is
increasing demand for leasing and lending solutions in this sector of the market,” said
David Rowe, Chairman. “As a result of our structure, capitalization and flexibility, we
have financing solutions that may not be available from traditional lending sources.” |
|
Bill Boisture |
“We have been evaluating the global corporate aviation industry for over a year
and could not be more pleased with the world-class management team and investor
group that we have assembled for this opportunity,” said Dan
Smith, Senior Managing
Director at GSO Capital Partners.
“The Global Jet team has extensive experience in the business aviation industry,”
said Carlyle Managing Director Adam
Palmer. “We are eager to address this market
opportunity by combining their operational expertise with the decades of aerospace
investing experience and global footprint of the sponsors.” |
