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Global Jet Capital Signs Deal to Buy GE Capital's Corporate Aircraft Assets Financing commitment from Franklin Square's BDCs integral to funding the transaction

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BOCA RATON, Fla., Oct. 6, 2015 /PRNewswire/ -- Global Jet Capital, a company providing leasing and lending solutions for large-cabin, long-range private jets, has signed an agreement to purchase approximately $2.5 billion in net assets from GE Capital's Corporate Aircraft portfolio in the Americas. The portfolio has adhered to the most comprehensive underwriting and collateral evaluation practices and it has industry leading documentation and collateral securing processes. In addition to GE's aircraft loan and lease portfolio, the GE Capital Corporate Aircraft team will join the Global Jet Capital organization. Global Jet Capital, which was launched last year, is capitalized by investment...

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