Dave Labrozzi joins Global Jet Capital

Industry veteran Dave Labrozzi has joined Global Jet Capital as chief operating officer (COO).

Before retiring from GE in 2014, Labrozzi spent 22 years dedicated to corporate aviation, leading the as president of GE Capital, Corporate Aircraft for 15 years.

In October 2015, Global Jet Capital announced plans to purchase GE’s corporate aircraft lease and loan book in the Americas.  The acquisition is now around 90% complete, with the aim of completing the remaining 10%, which consists of accounts in Mexico and Brazil, by the end of January 2016.

“Dave is a major addition to our senior leadership team and we are delighted he is joining at such an exciting time in our development. “

Shawn Vick, executive director of Global Jet Capital, said: “Dave is a major addition to our senior leadership team and we are delighted he is joining at such an exciting time in our development.  We have completed the majority of our acquisition of GE’s fixed-wing Corporate Aircraft financing portfolio in the Americas, and having such a well-regarded and highly experienced industry figure within the business will help us drive our further growth.”

Labrozzi’s appointment is part of a strategic move by Global Jet Capital to add new talent in its key international markets. As well as expanding the team in the US, Global Jet Capital is in the process of adding origination professionals based in London, Hong Kong, Continental Europe and Dubai.

Global Jet Capital launched in 2014, and it 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.