Global Jet Capital, a provider of financing solutions for private aircraft, has joined the European Business Aviation Association (EBAA). Recently, it also become a member of the German Business Aviation Association (GBAA).
This represents a good opportunity for Global Jet Capital, which estimates that there are 1,736 business jets in the midsize, heavy and airliner category in Europe, accounting for around 13% of the global total. Between now and 2025, it also believes there will be 1,530 business jets worth US$46bn delivered to the continent.
The company launched in 2014, and is capitalized by three global investment firms – GSO Capital Partners, a Blackstone company now in partnership with Franklin Square Capital Partners; The Carlyle Group; and AE Industrial Partners. Global Jet Capital has over US$1bn of dedicated funding to provide to clients looking to finance or lease private jets, which can cost as much as US$70m. Globally, approximately 80% of business jet users will seek financing or leasing solutions to acquire aircraft.
Robert Gates, head of sales for Europe, Asia and Middle East, Global Jet Capital, said, “Europe is the world’s second-largest private aviation market after North America, and it’s a focus region for us as we grow our business. Matthias Müller, based in Zurich, and Graeme Shanks, based in London, have recently joined the Global Jet Capital team as sales directors to cover this important market. We are delighted to have joined EBAA, and this represents another example of our commitment to the European business aviation market.”