Global Jet Capital, whose leadership includes former Beechcraft executives Bill Boisture and Shawn Vick, has completed its acquisition of General Electric’s fixed-wing corporate aircraft financing portfolio in the Americas.
The portfolio includes about 30 aircraft based in Mexico and Brazil. Global Jet Capital, a private company that up until now has financed aircraft largely based in the U.S. and Canada, did not disclose the full dollar value of the portfolio nor the financial terms of the transaction.
“This acquisition has allowed us to build a very strong base with secure income streams which will further enable us to develop into new markets,” Vick, Global Jet’s executive director, said in a news release. “Mexico and Brazil are well established markets with good infrastructure. However, like in many regions, sources of funding are reducing in number so there is significant opportunity for us to step in and provide financing solutions.”
Vick was previously Beechcraft’s executive vice president of sales and marketing, before the company’s sale to Textron. Boisture is also an executive director of Global Jet. He was previously Beechcraft president and chief executive.
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Global Jet Capital was established and is capitalized by three private equity investment firms: GSO Capital Partners, a Blackstone company in partnership with Franklin Square Capital Partners; the Carlyle Group; and AE Industrial Partners.