Global Jet Capital Appoints Shawn Vick as CEO
Tuesday 1st November 2016, NBAA, Orlando, FL – Global Jet Capital, a global provider of financing solutions for corporate aircraft, today announced that it has appointed Shawn Vick as Chief Executive Officer, responsible for the overall strategy and direction of the company.
With over 30 years’ experience in corporate aviation, Shawn Vick has been closely involved in the development of Global Jet Capital since its launch in 2014. A partner at AE Industrial Partners (AEI), and one of the company’s investors, Mr. Vick had previously been an Executive Director and the Chairman of the Executive Committee at Global Jet Capital.
Mr. Vick will remain a partner at AEI, which is focused on investing for long term growth in the commercial aerospace, business aviation and power generation sectors. AEI closed its first fund dedicated to aerospace and related industry segments with $680 million in equity commitments, as well as raising an additional $200 million for its co-investment vehicles, including Global Jet Capital
Today’s announcement follows the successful acquisition of the GE portfolio of more than 300 aircraft valued at approximately $2.5B. In his role as Chairman of the Executive Committee throughout 2015 and 2016, Mr. Vick has overseen significant growth for Global Jet Capital including establishing itself as a globally recognized brand, building its capabilities and attracting a world class team of over 65 seasoned professionals who have underwritten several hundred million dollars in new transactions as a non-traditional and entrepreneurial financial solutions provider.
Mr. Vick has held senior leadership positions at Gulfstream Aerospace, Bombardier Aerospace, British Aerospace, Hawker Beechcraft, and Landmark Aviation. He holds a Bachelor of Science degree in Aviation Management from Embry-Riddle Aeronautical University and is an active private pilot.
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 Franklin Square Capital Partners, 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 $85 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 $350 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. www.blackstone.com/gso
* As of June 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