Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, has appointed Greg Babcock as Vice President - Central USA Sales Region, to cover one of the most important business aviation markets in the world.
Babcock joins the company with a remarkable track record in business aviation, having sold a total of $1.6BN worth of aircraft with some of the largest companies in the sector including Embraer Executive Jets, Cessna Aircraft, GE Capital, US Bank and Key Equipment Finance.
He has carried out a variety of aviation industry roles and will bring that extensive experience to bear leading a team which covers the region between North Dakota and Michigan in the north and Texas and Alabama in the south, an area with a business aircraft fleet of more than 1,325 jets1.
Babcock said: “I have a huge passion for business aviation – having spent more than thirty years in the sector, I believe it is a driving force behind economic growth. Global Jet Capital has rapidly grown to become a leading player in aircraft financing and I’m really excited to be joining such a vibrant, committed team.”
Shawn Vick, Executive Director of Global Jet Capital, said: “Greg Babcock is hugely respected and has a track record in the sector which very few can match. We’re delighted that he is bringing his wealth of experience to our team. The central US is one of the strongest aviation markets in the world, with over 1,300 jets registered here and it’s vital that the region has the right support team in place.”
Babcock resides in the Minneapolis Metro Area with his wife Sharon and is a Commercial, Multi-Engine, Instrument Pilot as well as Basic Ground School Instructor.
Babcock’s recruitment 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 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.