Las Vegas, NV – October 21, 2024
Global Jet Capital (GJC), the industry’s leading standalone financier of business aircraft, is celebrating its 10th anniversary at the 2024 NBAA Business Aviation Convention and Exhibition in Las Vegas, NV.
Reflecting on this milestone, Vivek Kaushal, Chief Executive Officer, said “NBAA-BACE has always provided our industry a unique opportunity to interact with a broad spectrum of clients, intermediaries, and influencers. 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.”
From its inception in 2014, GJC has been dedicated to delivering bespoke financing solutions with unparalleled speed and flexibility, setting the Company apart in a competitive financial marketplace. Recognized globally for its singular focus on financing business aircraft, GJC’s deeply experienced team of business aviation experts enables the Company to navigate complex deals with unmatched expertise and agility.
GJC has grown substantially over the past 10 years. Earlier this year, the Company surpassed $4 billion in aircraft financing originations to users of new and pre-owned aircraft. GJC commenced operations in 2014 and in 2015 the Company expanded its scale and reach with the acquisition of GE Capital’s business aircraft portfolio.
In 2018, GJC issued the 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, reflecting the soundness of the Company’s portfolio.
“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,” stated Kaushal. “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.”