Media Contact:
Aimee Talbert Nardini
561.212.1594 [mobile]
atalbertnardini@globaljetcapital.com
October 5, 2015 – Boca Raton, FL – Global Jet Capital, a provider of financing solutions
for large-cabin, long-range private jets, has agreed to purchase the aircraft lease and loan
portfolio of GE Capital Corporate Aircraft in the Americas representing approximately $2.5
billion of net assets.
Shawn Vick, Executive Director of Global Jet Capital said, “We are investing heavily in
growing the business both organically and through strategic acquisitions such as this one with
GE. This is a prime example of our industry expertise and investment capital coming together
to evaluate and identify an opportunity to expand the business in a disciplined, carefully
measured way.”
He added, “This is a remarkable portfolio of corporate aviation assets, and this
investment underlines our confidence in the long-term growth prospects of the large cabin, long
range private jet market. The price point of these aircraft range between $25 and $75 million on
average, and corporate users and high net worth individuals will seek competitive financing
solutions rather than allocate their own cash resources which are better invested in their own
businesses.”
In building the Corporate Aircraft portfolio, GE Capital has adhered to the most
comprehensive underwriting and asset evaluation practices as well as industry-leading
documentation and collateral securing processes.
“We are pleased to sell our Corporate Aircraft financing portfolio to Global Jet Capital, a
buyer that is fully committed to investing and growing the business,” said Keith Sherin, GE
Capital Chairman and CEO. “We know our customers will benefit from the combined strength
and expertise of the Global Jet Capital team and will continue to receive the high level of service
they have come to expect from us,” he added.
Global Jet Capital, which was launched last year, 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. As part of this transaction, the GE
Capital Corporate Aircraft team will join the Global Jet Capital organization.
Global Jet Capital was advised by Deutsche Bank Securities Inc., BofA Merrill Lynch and
Citi together with Latham & Watkins LLP, Clifford Chance US LLP and Kirkland & Ellis LLP as
legal advisors. Closing is contingent upon the completion of customary closing conditions and
is expected to occur in stages over the next several months.
Global Jet Capital
Global Jet Capital is a financial services company providing financing solutions for the private
aircraft market. The business is capitalized by world-class private investors with expertise in the
global aviation industry: GSO Capital Partners, a Blackstone company, in partnership with
Franklin Square Capital Partners, The Carlyle Group and AE Industrial Partners. We offer a
management team with expertise in financing, asset management, acquisition, marketing, lease
administration and product support that understands the intricacies of the private aircraft
market. Global Jet Capital serves virtually all jurisdictions and has the capital and expertise to
meet the needs of the global private aircraft market, with flexibility and speed.
www.globaljetcapital.com.
GSO Capital Partners and Franklin Square Capital Partners
GSO Capital Partners, with approximately $81 billion in assets under management, is the credit
platform of The Blackstone Group, a leading global institutional alternative asset manager, with
assets under management of approximately $330 billion. Franklin Square Capital Partners is a leading manager of alternative investment funds designed to enhance investors’ portfolios by providing access to asset classes, strategies and asset managers that typically have been available to only the largest institutional investors. Franklin Square manages over $16.8 billion
in assets. Franklin Square’s funds are currently sub-advised by GSO or its affiliates.
www.blackstone.com/gso.
* Investment to be made by funds advised or sub-advised by GSO Capital Partners and Franklin
Square Capital Partners or their respective affiliates, as applicable.
** As of June 30, 2015
The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $193 billion of
assets under management across 128 funds and 159 fund of funds vehicles as of June 30, 2015.
Carlyle’s purpose is to invest wisely and create value on behalf of its investors. Carlyle invests
across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and
Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries including aerospace, defense and
government services; consumer and retail; energy; financial services; healthcare; industrial; real
estate; technology and business services; telecommunications; and media and transportation.
The Carlyle Group employs more than 1,700 people in 35 offices across six continents.
www.carlyle.com.
AE Industrial Partners
AE Industrial Partners is a private equity investment company founded in 1998, by David Rowe
and his late father, aviation pioneer Brian Rowe, to make direct investments in aerospace,
power generation and specialty industrial companies. Today AE Industrial is led by 11 partners
with each having an average of over 30 years of relevant operating and direct investment
experience. AE Industrial is focused on investing in precision component manufacturing,
distribution, MRO (maintenance, repair and overhaul) and industrial service-based businesses
that are strategically important to their market places. AE Industrial has invested in over 30
companies including: Aviall, Dynamic Precision Group, Grand Prairie Accessory Services,
Landmark Aviation, Kellstrom Materials and Belcan Corporation.
www.aeroequity.com.
2500 N. Military Trail, Suite 470, Boca Raton, FL 33431
844.436.8200