Global Jet Capital Secures $659 Million in Funding Through New Securitization Efforts

Global Jet Capital Secures $659 Million in New Funding

Global Jet Capital, a prominent figure in the financial solutions sector for business aircraft, has successfully closed its latest securitization deal, known as BJETS 2026-1, raising an impressive $659 million. This notable achievement marks Global Jet Capital's ninth offering in asset-backed securities (ABS), pushing the total amount of assets securitized to around $6.7 billion and the issuance of bonds to about $5.4 billion.

The BJETS 2026-1 transaction is composed of three different tranches of notes: a Class A tranche valued at approximately $561.39 million, a Class B tranche at about $56.95 million, and a Class C tranche totaling around $40.68 million. Ratings agencies—SP Global Ratings and Kroll Bond Rating Agency LLC—have assigned ratings of A/A for Class A, BBB+/BBB for Class B, and BB/BB for Class C. Notably, this transaction garnered interest from 41 distinct investors, 12 of whom were participating in the BJETS program for the first time.

As with previous BJETS offerings, BJETS 2026-1 secures cash flows generated from loans and leases of various business aircraft. The portfolio features a diverse array of obligors and assets, encompassing 28 loans and leases connected to companies and influential global figures across 20 different industries. This transaction includes 16 distinct aircraft models, primarily focusing on medium to large-cabin business aircraft, further demonstrating Global Jet Capital's expertise and adaptability within the aviation finance market.

Prominent financial institutions were instrumental in this successful transaction. Morgan Stanley & Co. acted as the lead structuring agent and lead bookrunner, while Deutsche Bank Securities, BofA Securities, Citigroup Global Markets, KKR Capital Markets, and TCG Capital Markets served as joint structuring agents and co-bookrunners. Additionally, Citizens, JMP Securities, and PNC Capital Markets were designated as co-managers for the proceeds from BJETS 2026-1. Moving forward, Global Jet Capital has committed to managing the securitized assets, ensuring continuity and reliability for its investors.

Vivek Kaushal, CEO of Global Jet Capital, expressed his satisfaction with the results of this latest issuance. He remarked, "The success of our latest issuance reflects our continued portfolio performance and execution, which is made possible by the dedication and hard work of the entire Global Jet Capital team. As always, we are grateful for the ongoing support of our lenders and investors and their commitment and confidence in our business."

About Global Jet Capital

Global Jet Capital is a leader in the finance sector for business aircraft, having facilitated over $5.6 billion in originations. With a management team that boasts over 325 years of collective experience in the industry, the company provides a comprehensive range of financing solutions tailored to the unique requirements of the business aircraft market. Their expertise, combined with robust financial standing and key industry relationships, allows Global Jet Capital to deliver flexible financing solutions that meet the rapid pace of market demands. For more details, visit Global Jet Capital's website.