Global Jet Capital raises $659m in latest business aircraft securitisation

The transaction drew 41 investors, 12 of them new to the BJETS programme.

Global Jet Capital has closed its ninth asset-backed securities offering, BJETS 2026-1, raising approximately $659m backed by business aircraft loans and leases.

The deal comprised three tranches: a $561.39m Class A, a $56.95m Class B and a $40.68m Class C.

S&P Global Ratings and Kroll Bond Rating Agency assigned ratings of A/A, BBB+/BBB and BB/BB on the respective tranches. The transaction drew 41 investors, 12 of them new to the BJETS programme.

The securitisation covers 28 leases and loans across 20 industries, involving 16 different aircraft models, primarily mid- to large-cabin business jets.

“The success of our latest issuance reflects our continued portfolio performance and execution, which is made possible by the dedication and hard work of the entire Global Jet Capital team,” said Vivek Kaushal, CEO of Global Jet Capital.

Morgan Stanley acted as lead structuring agent and bookrunner, with Deutsche Bank Securities, BofA Securities, Citigroup Global Markets, KKR Capital Markets and TCG Capital Markets serving as joint structuring agents.

Citizens JMP Securities and PNC Capital Markets were co-managers.

The latest deal brings Global Jet Capital’s total securitised assets to approximately $6.7bn and bonds issued to approximately $5.4bn since the programme began.