This website uses cookies
More information
Business Air News Bulletin
Business Air News Bulletin
The monthly news publication for aviation professionals.

Why visit ACE ’24?

Related background information from the Handbook...
The monthly news publication for aviation professionals.

Request your printed copy

GJC securitisations placed on positive CreditWatch by S&P
Standard & Poor's Global Ratings have placed the notes issued in two of Global Jet Capital's asset-backed security (ABS) transactions on CreditWatch with positive implications.
Vivek Kaushal, chief executive officer of Global Jet Capital.

Standard & Poor's Global Ratings have placed the notes issued in two of Global Jet Capital's asset-backed security (ABS) transactions on CreditWatch with positive implications. S&P assigned CreditWatch with positive implications to all tranches of notes in the BJETS 2020-1 and BJETS 2021-1 issuances. Global Jet Capital, a global leader in financial solutions for business aircraft, originated and services the securitised loans and leases.

According to S&P, it assigned CreditWatch with positive implications to these notes due to, among other things, the portfolios' stable performance since the closing of such transactions and improvements in credit enhancements at the notes' current rating levels resulting from faster-than-scheduled principal repayments.

“We believe these ratings reflect the strong performance of Global Jet Capital's highly diversified portfolio and the importance of business aviation for our client base,” states Vivek Kaushal, chief executive officer. “We are grateful to our investors and rating agencies for recognising and rewarding this performance.”

Global Jet Capital has issued an aggregate of $3.6 billion of ABS notes collateralised by business aircraft loans and leases through its BJETS securitisation programme. The company is a programmatic issuer in the ABS market, having completed six transactions since its inaugural issuance in 2018. Global Capital awarded BJETS 2020-1, the first aviation ABS to come to market following the start of the COVID pandemic, “ABS Deal of The Year” in its 2021 US Securitization Awards.

Other News
 
GJC forecasts five years of aircraft transaction growth
May 27, 2024
New and pre-owned transactions are expected to increase 5.3 per cent in 2024 with dollar volume going up 10.7 per cent, growth that should be sustained over the coming five years.
Resale uptick leads to optimism for coming six months
April 26, 2024
Global Jet Capital raises $575 million
April 19, 2024
BJETS 2024-1 securitises the cash flows from business aircraft loans and leases, including 31 to corporations and global business leaders across 21 different, but mostly mid to large cabin, aircraft models.
Christie to lead GJC Americas sales team
March 14, 2024
Mike Christie has been with Global Jet Capital since 2018, and in that time he has developed a keen understanding of the products and services, and the markets it serves.