Press Release

Issued by Global Jet Capital.

June 28, 2018

Global Jet Capital, a global leader in financial solutions for business aircraft, announced today the closing of its BJETS 2018-2 securitization, raising approximately $674 million. BJETS 2018-2 is the second ABS offering that Global Jet Capital has closed in the last four months, bringing total assets securitized to over $1.5 billion.

BJETS 2018-2 contains three tranches of notes: a $550 million Class A tranche, rated A by Kroll; a $82 million Class B tranche, rated BBB by Kroll; and a $41 million Class C tranche, rated BB by Kroll. The transaction, which was in the market for less than a week, was oversubscribed by more than two times, attracting orders from a wide variety of investors.

Deutsche Bank Securities was the Lead Structuring Agent and Lead Bookrunner for the transaction. BofA Merrill Lynch, Citigroup and Morgan Stanley were Joint Structuring Agents and Joint Bookrunners for the BJETS 2018-2 securitization. Global Jet Capital, Inc. will continue to service the assets.

In conjunction with closing the BJETS 2018-2 securitization, the company completed a new $900 million, five-year senior secured warehouse credit facility (with a revolving feature) with Deutsche Bank AG, Bank of America, Citibank and Morgan Stanley Bank.

Shawn Vick, CEO of Global Jet Capital, stated, “This is a continuation of the development of the corporate jet asset class for the ABS market, which started with the issuance of BJETS 2018-1, the first ABS capital markets financing backed exclusively by business jet operating leases and loans. The transaction generated strong demand from a diverse investor base at tighter overall yields than BJETS 2018-1 despite widening benchmarks, reflecting growing support for the company's strategy and performance.

“We appreciate the support of our lenders and the confidence that their commitment to the new credit facility reflects in our business.”

Global Jet Capital plans to continue to use the ABS market as an integral part of its funding strategy in the future.