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Business Air News Bulletin
Business Air News Bulletin
The monthly news publication for aviation professionals.

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Global Jet Capital celebrates fifth anniversary
Innovative operating leases and progress payment financing contribute to the US$2.6 billion portfolio of Global Jet Capital which is marking five years in business.
Five years of successful business jet financing are in the bag says Shawn Vick.

Global Jet Capital is marking its fifth year of operations. Despite some headwinds in the business jet transaction market, the company enjoyed a record setting first quarter of 2019, and has experienced over 20 per cent year-on-year growth as well as a strong increase in market share since it began operations in 2014. The business currently holds a business jet portfolio consisting of more than 175 aircraft valued at over US$2.6 billion dollars.

A number of milestones have contributed to the company's overall success. It added fully functioning offices in Zurich and Hong Kong earlier this year to complement those already operating in Danbury, Connecticut, Boca Raton, Florida and Mexico City. In June, it announced its third successful Asset Backed Security offering bringing total assets securitised to over US$2.1 billion dollars. During the summer, key appointments saw Stefan Abbruzzese named as chief commercial officer, allowing industry veteran Dave Labrozzi to step into the new role of vice chairman and to further focus on developing global business strategy.

The banner year has also seen growing demand for the company's flexible operating lease and progress payment financing solutions. “Buyer behaviour is clearly changing. Business aviation once considered operating leases as somewhat exotic, yet today we are meeting with an increasing number of corporations and high net worth individuals motivated by the fixed rates, protection of capital and ease of disposition afforded by our operating lease solution,” explains chairman and CEO Shawn Vick. Progress payment financing solutions are also growing in popularity for their ability to support a customer's optimisation of capital during the acquisition process, and to transition into an operating lease or loan once the new aircraft is delivered. “The bottom line is that business jets are depreciating assets. Our solutions are designed to protect our customers from the impact of that depreciation and optimise their capital while experiencing the unmatched productivity afforded by business jet ownership,” he adds.

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