Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, has announced that Steve Day has joined the company as Managing Director (MD) for Capital Markets.
Before his move to Global Jet Capital, Day spent 20 years with GE Capital, where his latest role was Head of Investor Development for the company’s securitization platforms.
Day spent several years with GE Capital Aircraft Group, having managed domestic team of 13 sales representatives responsible for over $9B portfolio, $2.5B in annual volume origination, and $80MM in net income generation from corporate aircraft financing and leasing activities. In his new role as Managing Director at Global Jet Capital, Day will oversee various capital markets and portfolio funding activities for the growing company.
Shawn Vick, Executive Director of Global Jet Capital, said: “Steve’s appointment is a major boost for out senior leadership team. He joins the company at an exciting time and his expertise in and understanding of the finance industry – coupled with his experience in the corporate aircraft market – will be invaluable to our future growth plans.”
Day’s appointment is part of a strategic move by Global Jet Capital to add new talent in its key international markets. As well as expanding the team in the US, Global Jet Capital is in the process of adding origination professionals based in London, Hong Kong, Continental Europe and Dubai. A full list of job opportunities with Global Jet Capital can be found at http://www.globaljetcapital.com/careers/.
Global Jet Capital launched last year, and it 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.
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.
Notes to editors
* Investment to be made by funds sub-advised or advised by GSO Capital Partners and Franklin Square Capital Partners or their respective affiliates, as applicable.