Global Jet Capital appointed Ben Murray senior managing director of asset management.
He will be responsible for developing, implementing and managing Global Jet Capital’s asset management strategy, in particular identifying which of the company’s post-lease aircraft can be re-deployed as net earning assets. This will include placing them with approved operators to generate charter or short-lease income, and developing prospects for the purchase and/or refinancing of these aircraft.
Murray joined Global Jet Capital from Landmark Aviation, where he spent nearly four years as the company’s president of aircraft management and charter. He developed and executed a new business strategy for the division which resulted in strong growth and it becoming one of the two largest aircraft managing companies in America. Murray has also held senior positions at XOJET, NetJets and General Aviation Services in a career that has spanned more than 17 years.
“I am delighted to be joining Global Jet Capital, which is one of the most exciting companies in business aviation,” Murray said. “It has one of the strongest leadership teams in the sector and a compelling proposition.”
Shawn Vick, CEO of Global Jet Capital, said, “Ben has a very strong track record in developing successful strategies in business aviation. I’m sure he will play a key role in our continued growth and expansion.”
Global Jet Capital launched last year, 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. In January 2016 Global Jet Capital completed the purchase of GE’s corporate aircraft lease and loan book in the Americas.
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.
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