Thu, Nov 24, 2016
Provides Dedicated Funding For Financing Of Business Jets
Global Jet Capital, a provider of financing solutions for private aircraft, has joined the European Business Aviation Association (EBAA). This follows its recent announcement that it has also become a member of the German Business Aviation Association (GBAA).
Company analysis of industry data by Global Jet Capital reveals there are 1,736 business jets in the midsize, heavy and airliner category based in Europe, accounting for around 13% of the global total. Furthermore, between now and 2025, 1,530 business jets worth as much as $46 billion are expected to be delivered to the Continent (2).
“Europe is the world’s second largest private aviation market after North America, and it’s a focus region for us as we grow our business," said Robert Gates, Head of Sales for Europe, Asia and Middle East of Global Jet Capital. "Matthias Müller, based in Zurich, and Graeme Shanks, based in London, have recently joined the Global Jet Capital team as sales directors to cover this important market.”
“We are delighted to have joined EBAA, and this represents another example of our commitment to the European business aviation market.”
Global Jet Capital launched in 2014, and is capitalized by three global investment firms – GSO Capital Partners, a Blackstone company in partnership with Franklin Square Capital Partners*; The Carlyle Group; and AE Industrial Partners.
The company has over $1 billion of dedicated funding to provide to clients looking to finance or lease private jets, which can cost as much as $70 million. Globally, approximately 80% of business jet users will seek financing or leasing solutions to acquire the aircraft.
The company’s current management team and executive committee is composed of leaders from business jet manufacturers, maintenance and service providers and leading financial institutions who have served the private aircraft industry for a combined 200-plus years and have completed over 3,500 aircraft transactions.
(Source: Global Jet Capital news release)
More News
Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]
“The legislation now includes a task force with industry representation ensuring that we have a seat at the table and our voice will be heard as conversations about the futur>[...]
Aero Linx: Waco Museum The WACO Historical Society, in addition to preserving aviation's past, is also dedicated and actively works to nurture aviation's future through its Learnin>[...]
Adcock Range National low-frequency radio navigation system (c.1930-c.1950) replaced by an omnirange (VOR) system. It consisted of four segmented quadrants broadcasting Morse Code >[...]
Also: uAvionix AV-Link, Does Simming Make Better Pilots?, World Games, AMA National Fun Fly Czech sportplane manufacturer Direct Fly has finished delivering its 200th ALTO NG, the >[...]
ANN FAQ: Submit a News Story!
See All