Global Jet Capital, a provider of financing solutions for private aircraft, has joined the European Business Aviation Association (EBAA). This follows on from its recent announcement that it has also become a member of the German Business Aviation Association (GBAA).
Company analysis(1) of industry data by Global Jet Capital reveals there are 1,736 business jets in the midsize, heavy and airliner category based in Europe, accounting for around 13% of the global total. Furthermore, between now and 2025, 1,530 business jets worth as much as $46 billion are expected to be delivered to the Continent (2).
Robert Gates, Head of Sales for Europe, Asia and Middle East of 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.”
Global Jet Capital launched in 2014, and 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 has over $1 billion of dedicated funding to provide to clients looking to finance or lease private jets, which can cost as much as $70 million. Globally, approximately 80% of business jet users will seek financing or leasing solutions to acquire the aircraft.
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.
(1) Global Jet Capital analysis of JetNet data, October 2016 (2) Global Jet Capital analysis of Bombardier data