Nearly a year after Global Jet Capital was launched, the aircraft financing firm has completed about 90 percent of its acquisition of GE’s fixed-wing corporate aircraft financing portfolio in the Americas. Global Jet Capital, which announced the planned acquisition in October, has acquired all 276 aircraft in the portfolio in the U.S. and Canada. The remaining 10 percent, comprising accounts in Mexico and Brazil, is slated for completion in January 2016. The entire portfolio represents about $2.5 billion in assets.

“[The] announcement is a significant step in further cementing our position as a leader in business aviation finance in the Americas,” said Global Jet Capital executive director Shawn Vick. “We are acquiring an excellent book of financed aircraft that not only provides us with a steady flow of income, but also a strong client base, which creates a huge opportunity for us to provide new business aviation finance solutions.”

Vick added that the company is well positioned to capitalize on the growing market with the majority of the acquisition complete and more than $1 billion lined up to lend in new purchases. Global Jet Capital is capitalized through GSO Capital Partners, a Blackstone company, in partnership with Franklin Square Capital Partners; The Carlyle Group; and AE Industrial Partners.