Global Jet Capital has appointed Vivek Kaushal as CEO. Kaushal takes over from Shawn Vick, who will assume the role of executive chairman.

Kaushal joined the company in 2015, in conjunction with Global Jet Capital's acquisition of the GE Capital business aircraft portfolio, and he was named COO in June 2019. Industry veteran Dave Labrozzi will remain with the company as a senior advisor.

As executive chairman Vick, who has served as a partner with AE Industrial Partners since 2014, will continue to provide strategic direction and counsel to Global Jet Capital through regular engagement with the company's limited partners, investment committee and senior leadership team, which will now be led by Kaushal.

“Over the past six years, Vivek has demonstrated passionate and dedicated leadership along with a deep understanding of our market and all elements of our business,” Vick says. “He's also been a critical partner in developing the winning culture and strategy that defines our business. I know I speak for our limited partners and everyone at Global Jet Capital when I say we are all excited to see Vivek assume this leadership position.”

Kaushal adds: “I'm truly honoured and humbled by this appointment. In my time with the company, I have learned a great deal from our limited partners, our senior leadership team and our immensely talented employee base. Global Jet Capital's driving purpose will continue to be simplifying access to business aviation. Our focus going forward will be to build on the success we've generated and to reach new heights in this vibrant market. I'd like to thank Shawn for his leadership of Global Jet Capital for the last seven years and am glad he will continue to provide the company with his ideas and insights in his role as executive chairman.”

Kaushal's career includes nearly 30 years of leadership experience in various financing businesses, including serving as chief risk officer for GE Capital Business Aviation Finance prior to its purchase by Global Jet Capital.