Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003, 2024). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

Editor, AIN monthly magazine

Kerry Lynch

Global Jet Capital (GJC) continues to attract new investments and&nbsp;investors&nbsp;as it recently closed on its sixth asset-backed security (ABS) offering and raised about $609 million. The BJETS 2022-1 offering brought GJC’s total securitized assets to $4.4 billion and bonds to $3.6 billion.

 


The offering included $512.8 million Class A, $60.3 billion Class B, and $35.8 million Class C tranches of notes that involved 27 investors, including eight that were new.

 


“We completed yet another successful issuance despite turbulent market conditions,” said Vivek Kaushal, CEO of GJC (Booth U67). “This demonstrates the maturity of the BJETS securitization program and the strong performance of the company’s previous ABS transactions.”

 


Some 25 different aircraft models, mostly midsize and large-cabin business jets, were represented in the transaction.

 


GJC completed its sixth round a little more than seven years since the business was established in 2014. Since then, it has grown to become among the larger players in the business aircraft leasing and financing market with the backing of major investors such as Carlyle, FS/KKR Advisor, and AE Industrial Partners. Kaushal noted that the firm has originated $3 billion in transactions organically and bought the GE Aviation corporate aviation business for $2.5 billion.

 


“We’ve invested over $5 billion into this industry,” he said, and its reach has expanded globally. GJC recently completed its first operating lease in Vietnam, as well as closed on another in Singapore.&nbsp;“It’s taken years of education, but our operating lease products are taking root. It’s really getting tractions around the world,” Kaushal said.

 


This recognition also is gaining with the investor community. “Our investor education began well before we did our first ABS going back to 2016,” he said, “We have reliable, steady investors.”

 


Now with six ABS offerings, GJC has become the second-largest issuer in the market, he noted, and said the latest came at a time when the market is “extraordinarily volatile.”

 


Building that business in seven years comes from an organization that began with seasoned industry veterans, including the additions from GE Capital. He also credited the strategic patience its investors have had. “They have been tremendous partners to us.”

 


As the industry has taken off, so too has the desire in investing in it, he said, adding that GJC has received “a lot of interest from multiple capital providers.”&nbsp;The company’s goal has been to develop a platform that can deploy capital for multiple sources, he said. But at the same time, he stressed the existing investors are “committed to the business.”

Global Jet Capital Closes on $609 Million Offering

Global Jet Capital has brought total securitized assets to $4.4 billion with its sixth asset-backed security offering that raised about $609 million.

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