Having weathered five recessions in the business jet industry, Vick is about to check off another.
“For the first time since the economic downturn, we have all the global economies in ascension; it’s been 10 years plus since that has been the case. Growth is occurring in most of the global economies, we are seeing a significant amount of investment, and corporate earnings remain strong. All those things typically align for business aviation to see increases in utilization, a decrease in used aircraft inventory and an increase in OEM backlogs.”
With $2.5 billion in assets under management and the capacity to lend another $1 billion, Global Jet Capital provides financing solutions for the private aircraft market, mostly large-cabin business jets. The company is capitalized by world-class private investors with expertise in the global aviation industry: GSO Capital Partners, a Blackstone company, in partnership with FS Investments, The Carlyle Group and AE Industrial Partners.
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