Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, has announced it has appointed Ben Murray as 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 joins Global Jet Capital from Landmark Aviation, where he spent nearly four years as the company’s President of Aircraft Management and Charter. Here, 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.
Ben Murray, Senior Managing Director, Asset Management, at Global Jet Capital, said:
“I am delighted to be joining Global Jet Capital, which is one of the most exciting companies in business aviation. It has one of the strongest leadership teams in the sector and a compelling proposition.”
Shawn Vick, Chief Executive Officer 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.”
Murray’s appointment follows a number of high-profile appointments and 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.