Global Jet Capital appointed Bill Boisture as its chairman.

Boisture is an operating partner at AE Industrial Partners (AEI), one of private investors that capitalizes Global Jet Capital. He currently sits on the executive committee of Global Jet Capital and had previously been an executive director of the company.

He will remain an operating partner at AEI, which is focused on investing in long-term growth in the commercial aerospace, business aviation and power generation sectors.

This announcement comes after Shawn Vick was named CEO of Global Jet Capital.

Boisture has more than 35 years of aviation experience. He has held senior leadership positions at Gulfstream Aerospace, NetJets, SimuFlite and, most recently, Beechcraft, where he oversaw the restructuring and merger of the company with the Textron.

“I am pleased to be taking a more active role in the management of Global Jet Capital. In a very short period of time we have established ourselves as a major provider of financing solutions for corporate aircraft,” Boisture said. We have already underwritten several hundred million in aircraft financing transactions this year and expect a strong year end performance. As the business jet market evolves, we are well positioned and capitalized to be the global leader in this business.”

With $2.5 billion in assets under management and the additional current committed capacity to lend $1 billion, Global Jet Capital provides financing solutions for the private aircraft market.