Aircraft
Leasing Group Expands in Europe Despite Slow Market
Global Jet Capital is about to appoint to new European sales vice presidents.

Business jet financing group Global Jet Capital is pressing ahead with further expansion of its worldwide sales team, despite seemingly unsettled market conditions. The U.S.-based company is about to announce the appointment of two sales vice presidents based in Europe, and the individuals, who are still serving notice periods with current employers, are expected to join the board by early- to mid-summer.

“Europe is going through a bit of a tough time. The pre-owned aircraft inventory is creeping up, and the industry globally has slowed,” acknowledged Global Jet Capital chief operating officer Dave Labrozzi. “But we are so convinced that this market will grow again that we are investing in people, processes and capital, even if it seems counter-intuitive.”