Bain Capital and partners launch JB Aircraft Finance

The new company is offering solutions including operating leases, financial leases and bespoke financing transactions.

Bain Capital has launched JB Aircraft Finance in partnership with Thomas Garbaccio and Brickell Asset Management.

The firm will offer corporate jet financing and leasing with a focus on mid-life aircraft. It is happy to work with aircraft owners, operators, OEMs, brokers and intermediaries

The US-based company provides solutions including operating leases, financial leases and bespoke financing transactions.

JB’s platform has been built by a team with “demonstrated” expertise in aircraft acquisition, financing, leasing, disposition and portfolio management, it stated in a press release.

Members include Garbaccio, who has taken on the role of CEO. Formerly founder and CEO of Fort Lauderdale-based corporate aircraft leasing and financing firm Jet Bank, Garbaccio also launched FTAI Aviation, which listed on the NASDAQ under the ticker FTAI with a $2.9bn market cap.

“By tailoring our financing solutions specifically to mid-life aircraft, JB Aircraft Finance is addressing an underserved segment of the market,” he said. “Our immediate goal is to steadily grow our aircraft base and continue to build a highly diversified, industry-leading portfolio. By leveraging Bain Capital’s 20-plus years of aviation investment experience, along with Brickell Asset Management’s robust operational infrastructure, we are fully equipped to scale with discipline and deliver consistent execution.”

Matt Evans, partner at Bain Capital Special Situations said: “JB Aircraft Finance, LLC is addressing a clear gap in the corporate aircraft market by providing flexible, asset-backed financing solutions for mid-life aircraft – an area that has been underdeveloped compared to commercial aircraft leasing. We look forward to supporting a differentiated platform capable of moving with the speed and certainty that our counterparties require.”