Global Jet Capital (GJC), a standalone financier of business aircraft, is celebrating its 10th anniversary at the 2024 National Business Aviation Association (NBAA) Business Aviation Convention and Exhibition (BACE) in Las Vegas, NV.
“NBAA-BACE has always provided our industry a unique opportunity to interact with a broad spectrum of clients, intermediaries and influencers,” Vivek Kaushal, CEO of GJC, said. “In fact, we launched Global Jet Capital in 2014 at NBAA-BACE in Orlando. I can’t think of a better place to celebrate our 10th anniversary this year than at NBAA-BACE in Las Vegas.”
GJC commenced operations in 2014. In 2015, the company expanded its scale and reach with the acquisition of GE Capital’s business aircraft portfolio. In 2018, GJC issued its first asset-backed securitization (ABS) backed exclusively by business jet operating leases and loans. This September, the company completed its eighth ABS offering, bringing total assets securitized to approximately $5.8 billion and bonds issued to approximately $4.8 billion. Five of its eight ABS issuances were completed post-pandemic. Earlier this year, the company surpassed $4 billion in aircraft financing originations to users of new and pre-owned aircraft.
“As we celebrate a decade in business and by far exceed $4 billion in financing, we remain steadfast in our determination to deliver structures and solutions that satisfy the exacting standards of our sophisticated client base,” Kaushal said. “Most importantly, we express our gratitude to all who have supported us over the past 10 years. With a decade of achievements behind us, we eagerly anticipate the next 10 years and are enthusiastic about the future.”
