Global Jet Now Has Lion's Share of GE's Bizjet Portfolio | Aviation International News

Global Jet Now Has Lion's Share of GE's Bizjet Portfolio

The financing firm has acquired all 276 aircraft in GE's corporate aircraft financing portfolio in the U.S. and Canada.

By Kerry Lynch • Editor, AIN monthly magazine

December 11, 2015

Nearly a year after Global Jet Capital was launched, the aircraft financing firm has completed about 90 percent of its acquisition of GE’s fixed-wing corporate aircraft financing portfolio in the Americas. Global Jet Capital, which announced the planned acquisition in October, has acquired all 276 aircraft in the portfolio in the U.S. and Canada. The remaining 10 percent, comprising accounts in Mexico and Brazil, is slated for completion in January 2016. The entire portfolio represents about $2.5 billion in assets.

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