Global Jet Capital, a provider of finance for large-cabin, long-range private jets, has announced the launch of an aircraft sales division.
The announcement comes as new research reveals that 11.5% of the world’s fleet of mid-sized to heavy business aircraft are currently available for sale, a total of 1,500 aircraft.
The company has recognized that with this large number of pre-owned aircraft on the market, buyers have a wide range of options and can afford to be increasingly demanding. Global Jet
Capital believes that the combination of its experience and the caliber of aircraft it is bringing to the market, along with including maintenance and training support with the purchase of an
aircraft, will have unrivalled appeal to prospective owners.
The aircraft available through Global Jet Capital’s aircraft sales division are those for which it has previously provided financing, and therefore the company has detailed knowledge of the
aircraft’s ownership and maintenance history, technology and refurbishment requirements. Allied to this knowledge is Global Jet Capital’s expertise in matching the right aircraft to a
client’s needs, as well as providing the appropriate financing for acquisitions and the management of billions of dollars of aircraft assets.
The company has also partnered with JSSI to provide a six-month comprehensive unscheduled maintenance package with worldwide technical support, and with FlightSafety to provide
initial pilot and maintenance training programs.
Dave Labrozzi, Chief Operating Officer of Global Jet Capital says: “With a relatively large number of large business aircraft on the pre-owned market, anybody wanting to sell an aircraft
has to present the best possible package to prospective buyers. Our new aircraft sales division does just that, and we are confident that what we can offer is unmatched by anyone in the
industry. Our aim is to become the first port of call for anyone looking for a pre-owned business aircraft.”
Table showing number and share of midsize, heavy and jet airliners listed for sale, 2016:
|| Number of large business aircraft listed for sale
|| Percentage of regional large business aircraft fleet
|Australia & Oceania
Global Jet Capital, which was launched in 2014, 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’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.