Global Jet Capital Raises $659M via BJETS 2026-1 Securitisation

Why It Matters

The transaction demonstrates robust investor appetite for aircraft‑finance securities, providing Global Jet Capital with low‑cost capital to expand its loan portfolio and reinforcing the broader growth of the business‑jet financing market.

Key Takeaways

• Global Jet Capital raised $659 million via BJETS 2026‑1 securitisation.
• Ninth ABS issuance brings total securitised assets to $6.7 billion.
• Offering included three tranches, rated A to BB by S&P and Kroll.
• 41 investors participated, 12 were new to the BJETS program.
• Deal covered 28 loans/leases across 20 industries and 16 aircraft models.

Pulse Analysis

The business‑jet financing sector has increasingly turned to asset‑backed securities to fund growth, and Global Jet Capital sits at the forefront of that trend. By packaging cash‑flow‑stable loans and leases into tranches with distinct risk‑return profiles, the firm taps a deep pool of institutional capital while preserving liquidity for new lending. This model mirrors broader securitisation dynamics seen in auto loans and equipment finance, where diversified collateral and transparent cash‑flow structures attract rating agencies and investors alike.

BJETS 2026‑1’s three‑tranche structure reflects a calibrated approach to risk allocation. The senior Class A tranche, rated A/A, offers investors a relatively low‑risk exposure, while the mezzanine Class B and equity‑like Class C tranches, rated BBB+/BBB and BB/BB, provide higher yields for those willing to assume more credit risk. The participation of 41 investors, with a notable 12 first‑time entrants, underscores the market’s confidence in the underlying aircraft assets and the firm’s servicing capabilities. Moreover, the inclusion of 28 loans across 20 industries and 16 aircraft models enhances diversification, mitigating concentration risk.

Looking ahead, the successful closing of BJETS 2026‑1 signals a bullish outlook for aircraft‑finance ABS issuance. As corporate travel rebounds and high‑net‑worth individuals seek flexible jet ownership, demand for financing is set to rise. Global Jet Capital’s ability to repeatedly securitise its portfolio not only lowers its cost of capital but also positions it to capture a larger share of the market. Competitors may follow suit, intensifying competition among structuring banks and potentially driving innovation in tranche design and ESG‑linked financing within the aviation sector.

Deal Summary

Global Jet Capital completed its ninth asset‑backed security offering, BJETS 2026‑1, raising approximately $659 million. The deal, structured by Morgan Stanley and co‑bookrunners, securitised cash flows from business aircraft loans and leases across 28 assets. The transaction attracted 41 investors and brings total securitised assets to $6.7 billion.