Global Jet Capital, a provider of financing solutions for new and pre-owned mid to heavy private jets, has become a member of the German Business Aviation Association (GBAA).
Founded in 1985, the GBAA is a member of the European Business Aviation Association and works to promote the economic, political and legal aspects of the business aviation in Germany.
Global Jet Capital has identified Germany as an important market for its European operations. Company analysis(1) reveals the country has a fleet of 781 business aircraft, which is the biggest in Europe. Germany has a large fleet of large-cabin, long-range business aircraft, with 207 jets in the midsize, heavy and jet airliner category, accounting for 27% of the total fleet.
One in eight midsize to heavy business aircraft in Europe are based in Germany. Matthias Mueller, Sales Director, Europe, at Global Jet Capital said:
“We are delighted to be formally accredited as a member of the German Business Aviation Association, which is one of the leading bodies in European business air travel. Germany is a key global market for us. It has the largest installed base of business aircraft in Europe and the potential for growth in business aviation is as strong as any European country. Business leaders in Germany understand the benefits of private aviation and rely on these important productivity tools as they grow internationally.”
Global Jet Capital launched in 2014, 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.
The company has over $1 billion of dedicated funding to provide to clients looking to finance or lease private jets, which can cost as much as $70 million. Globally, approximately 80% of business jet users will seek financing or leasing solutions to acquire the aircraft.
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
1Global Jet Capital analysis of JetNet data, August 2016