Finance, Taxes, Insurance
Global Jet Capital Lands More Financing
Global Jet Capital plans to continue to use the asset-backed security market as an “integral part” of its funding strategy in the future.

Business aircraft financial solutions firm Global Jet Capital has completed an inaugural securitization for $608 million, marking the first asset-backed security (ABS) capital markets financing backed solely by business jet operating leases and loans. The notes were structured in three tranches: an A-rated $497 million tranche; a BBB-rated $74 million tranche; and a BB-rated $37 million tranche.