Business jet financier Global Jet Capital has surpassed $3.5 billion in financing to users of new and preowned aircraft, the company announced today. Founded in 2014, GJC said this amounts to about 200 aircraft transactions and noted that the $3.5 billion is a cumulative total, with its current portfolio hovering in the $2 billion range.
“Financing business aircraft can be inherently complex, but we’ve dedicated ourselves to finding ways to address client pain-points and to provide unique solutions,” said GJC CEO Vivek Kaushal. “In particular, our operating-lease product helps our clients minimize their capital investment and risk while receiving all the benefits of a dedicated business aircraft.”
GJC broadened its reach in 2016 by acquiring GE Capital’s business aircraft portfolio. Two years later, the company issued the first asset-backed security (ABS) funded exclusively by business jet operating leases and loans. It has since issued an aggregate of $3.6 billion of ABS notes and continued to grow through the pandemic.
“Reaching this $3.5 billion originations milestone is a testament to how we’ve built the business,” said Kaushal. “We strive to understand [customers’] needs and structure financing solutions to achieve their goals.”