Aircraft
Global Jet Capital Buying GE Capital's Bizjet Portfolio
Deal for GE's portolio of $2.5 billion in business jet assets expected to close in the next several months.
Business jet financing firm Global Jet Capital announced an agreement on October 5 to purchase the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas. The deal, which is expected to close in the next few months, represents approximately $2.5 billion of large-cabin, ultra-long range business jets such as the Bombardier Global 6000. (Photo: Bombardier Aerospace)
Business jet financing firm Global Jet Capital announced an agreement on October 5 to purchase the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas. The deal, which is expected to close in the next few months, represents approximately $2.5 billion of large-cabin, ultra-long range business jets such as the Bombardier Global 6000. (Photo: Bombardier Aerospace)

Business jet financing firm Global Jet Capital announced an agreement today to purchase the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas, representing approximately $2.5 billion of net assets. Terms were not disclosed. The deal is expected to close by year-end. As part of this transaction, the GE Capital Corporate Aircraft team will join the Global Jet Capital organization.