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Global Jet Capital said Monday it would buy General Electric Co’s $2.5 billion corporate jet unit, growing a year-old businessContinue Reading

Global Jet Capital said Monday it would buy General Electric Co’s $2.5 billion corporate jet unit, growing a year-old business with a novel turn. It expects more companies and wealthy people to lease as opposed to buy plush planes estimated as $75 million. Financial services firm Boca Raton Fla., is claimed by a portfolio of Blackstone Group LP with three other private equity firms to fund jets for international traders. It was dispatched to fund jets for international buyers, yet in the wake of financing only a modest bunch of planes, Global Jet Capital is set to acquire GE’s port...

Vivek Kaushal joined Global Jet Capital in 2015, and since 2019 has served as chief operating officer.

Vivek Kaushal, who recently became CEO of Global Jet Capital, sees a "long runway" of demand ahead.

Global Jet Capital CEO Shawn Vick Business aircraft financial solutions provider Global Jet Capital has closed its fifth asset-backed securitization (ABS), with the BJETS 2021-1 ABS that closed yesterday adding $663 million to its securitized assets and bringing its total to more than $3.6 billion. It has also issued more than $2.9 billion in bonds. Global Jet Capital’s focus on financing and leasing super-midsize and large-cabin business jets no older than 10 years old but preferably younger than five years old is paying off, according to CEO Shawn Vick. “There is an addressable market i...