GSO, Carlyle and AE partner to launch jet financing company

 Orlando, Florida-based Global Jet Capital will provide a range of financing options for business jets around the world.  

Global Jet Capital, a financing company for business jets, launched this week by several lenders and private equity firms. GSO Capital Partners, in its BDC partnership with Franklin Square Capital Partners, provided some of the funding, while Carlyle Group and AE Industry Partners were are also part of the consortium behind the venture, Global Jet announced on Monday (20 October).

The company is based in Orlando, Florida and will provide financing to large-cabin, long-range business jets. It has the financial capacity to fund over $2 billion in aircraft financing for individual, corporate and government use. Global Jet Capital offers operating and interim leases, finance leases and mortgage loans, progress payments and mezzanine financing for both new and previously owned business jets.

“Our management team, executive committee and sponsors have been evaluating this marketplace for the last 36 months,” Shawn Vick, chairman of Global Jet Capital's executive committee, said in a statement. “The conditions are right for asset-based structured financing services. In recent years, traditional lending sources have not been as active in business jet financing as they used to be, leaving an opportunity for Global Jet Capital.”

Vick will be joined on the executive committee by two other aviation industry veterans, Bill Boisture and David Rowe, who are both experienced in jet leasing and financing.

“We have been evaluating the global corporate aviation industry for over a year and could not be more pleased with the world-class management team and investor group that we have assembled for this opportunity,” Dan Smith, senior managing director at New York-based GSO, said in a statement.

“The Global Jet team has extensive experience in the business aviation industry,” Adam Palmer, managing director at Washington, DC-based Carlyle Group, commented. “We are eager to address this market opportunity by combining their operational expertise with the decades of aerospace investing experience and global footprint of the sponsors.”

AE Industrial Partners was founded in 1998 as a private equity firm focused on the aerospace industry. It’s based in Boca Raton, Florida.