Global Jet Capital Appoints Ben Murray as Senior Managing Director of Asset Management
10th January 2017, Boca Raton, FL - Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, has announced it has appointed Ben Murray as Senior Managing Director of Asset Management.
He will be responsible for developing, implementing and managing Global Jet Capital’s asset management strategy, in particular identifying which of the company’s post-lease aircraft can be re-deployed as net earning assets. This will include placing them with approved operators to generate charter or short-lease income, and developing prospects for the purchase and /or refinancing of these aircraft.
Murray joins Global Jet Capital from Landmark Aviation, where he spent nearly four years as the company’s President of Aircraft Management and Charter. Here, he developed and executed a new business strategy for the division which resulted in strong growth and it becoming one of the two largest aircraft managing companies in America. Murray has also held senior positions at XOJET, NetJets and General Aviation Services in a career that has spanned more than 17 years.
Ben Murray, Senior Managing Director, Asset Management, at Global Jet Capital, said: “I am delighted to be joining Global Jet Capital, which is one of the most exciting companies in business aviation. It has one of the strongest leadership teams in the sector and a compelling proposition.”
Shawn Vick, Chief Executive Officer of Global Jet Capital, said: “Ben has a very strong track record in developing successful strategies in business aviation. I’m sure he will play a key role in our continued growth and expansion.”
Murray’s appointment follows a number of high-profile appointments and is part of a strategic move by Global Jet Capital to add new talent in its key international markets. As well as expanding the team in the US, Global Jet Capital is in the process of adding origination professionals based in London, Hong Kong, Continental Europe and Dubai. A full list of job opportunities with Global Jet Capital can be found at http://www.globaljetcapital.com/careers/.
Global Jet Capital launched last year, and it is capitalized by three global investment firms – GSO Capital Partners, a Blackstone company in partnership with Franklin Square Capital Partners*; The Carlyle Group; and AE Industrial Partners. In January 2016 Global Jet Capital completed the purchase of GE’s corporate aircraft lease and loan book in the Americas.
The company’s current management team and executive committee is composed of leaders from business jet manufacturers, maintenance and service providers and leading financial institutions who have served the private aircraft industry for a combined 200-plus years and have completed over 3,500 aircraft transactions.
Global Jet Capital
With $2.5 billion in assets under management and the additional current committed capacity to lend $1 billion, Global Jet Capital provides financing solutions for the private aircraft market. 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. The Global Jet Capital management team has served the private aircraft industry for a combined 200-plus years and has completed over 3,500 aircraft transactions. The company has the expertise, financial strength, industry relationships and infrastructure necessary to offer a variety of flexible financing solutions at the speed the market requires. www.globaljetcapital.com
GSO Capital Partners and FS Investments
GSO Capital Partners, with approximately $89 billion in assets under management, is the credit platform of The Blackstone Group, a leading global institutional alternative asset manager, with assets under management of over $360 billion*. FS Investments, formerly Franklin Square Capital Partners, is a leading asset manager that designs alternative investments, including six funds sub-advised by GSO or its affiliates representing over $18 billion in assets under management as of June 30, 2016. www.blackstone.com/gso
* As of September 30, 2016
The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $176 billion of assets under management across 128 funds and 170 fund of funds vehicles as of June 30, 2016. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,650 people in 35 offices across six continents. www.carlyle.com
AE Industrial Partners
AE Industrial Partners is a private equity investment company founded in 1998, by David Rowe and his late father, aviation pioneer Brian Rowe, to make direct investments in aerospace, power generation and specialty industrial companies. Today AE Industrial is led by 11 partners with each having an average of over 30 years of relevant operating and direct investment experience. AE Industrial is focused on investing in precision component manufacturing, distribution, MRO (maintenance, repair and overhaul) and industrial service-based businesses that are strategically important to their market places. AE Industrial has invested in over 30 companies including: Aviall, Dynamic Precision Group, Grand Prairie Accessory Services, Moeller Aerospace, Landmark Aviation, Kellstrom Materials and Belcan Corporation. www.aeroequity.com