Global Jet Capital, a provider of financing solutions for corporate aircraft, believes more private equity firms and hedge funds are considering entering the business aviation finance sector to diversify their portfolios and reduce their exposure to equities and bonds and any potential market correction.
The company also believes that the price of mid to heavy private jets is beginning to stabilide following several years of falling valuations, and this is also making business aviation finance more appealing to private equity firms and hedge funds.
Global Jet Capital is capitalised 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. In January 2016, Global Jet Capital completed the purchase of GE’s corporate aircraft lease and loan book in the Americas.
Dave Labrozzi (pictured), Chief Operating Officer at Global Jet Capital, says: “Several key stock market commentators are predicting a stock market correction, and there is growing volatility in the markets. Private equity firms and asset managers are increasingly looking for ways to invest their funds in a way that offers low correlation with equities and bonds but which also provides a strong income. Business aviation finance offers exactly this, and you have the added security of having the loan secured against a valuable asset.”
Global Jet Capital currently has USD2.5 billion in assets under management.
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