NBAA 2014: Global Jet Capital steals the show
Aircraft finance rarely makes the headlines at airshows, but today on a relatively quiet press day, the biggest story is the formal launch of Global Jet Capital (it was informally launched at our Miami conference in September).
MUST READ: Global Jet Capital launches aircraft finance business
With Bill Boisture, Sean Vick and David Rowe making up its executive committee and GSO Capital Partners, The Carlyle Group and AE Industrial Partners backing it, Global Jet Capital has big ambitions and says it has $2.5 billion of cash available today. Global Jet Capital is focusing on larger aircraft, worth $15 million or more.
Last night, Bombardier also formally launched the Challenger 650, naming NetJets as the launch customer. Apparently it informally launched it in 2012.