Business aircraft finance company Global Jet Capital (GJC) has exceeded $3.5bn in support to users of new and pre-owned aircraft since starting operations in 2014.
"This milestone is significant for the specialty financer that has focused on delivering a unique customer-centric experience since its inception, providing speed, flexibility, and personalised financing solutions unmatched in the marketplace", the company said.
“Financing business aircraft can be inherently complex, but we’ve dedicated ourselves to finding ways to address client pain-points and to provide unique solutions,” affirmed Vivek Kaushal, chief executive. “In particular, our operating lease product helps our clients minimise their capital investment and risk while receiving all the benefits of a dedicated business aircraft,” he added.
Among the milestones recounted in its February 2 announcement, GJC, which has offices in the US, Hong Kong, Mexico and Switzerland, said it issued the first asset-backed security (ABS) backed exclusively by business jet operating leases and loans in 2018 and since then has issued an aggregate of $3.6bn of ABS notes.