![]()
Acquiring a jet typically involves third-party financing or leasing, even for the deepest-pocketed operations. So how sound an investment is the financing of this type of asset class? The market has spoken as Global Jet Capital (GJC) closed its BJETS 2026-1 round on June 15, an approximately $659 million business-jet securitization. That demand is a signal of how willing capital markets are to fund business-jet operations.The process behind the financial modelGlobal Jet Capital lends to and leases aircraft to buyers, then bundles those loans and leases and sells bonds backed by the payments. Investors buy the bonds, which gives GJC fresh capital for new loans. Essentially, it refills the reserves lenders draw from. When these bonds sell well, it means the aircraft financing market is well supplied and supported.BJETS 2026-1 was pooled from 28 loans and leases covering 16 different aircraft models, primarily midsize and large-cabin business jets.Inside the three bond layersThe pool was split into three layers. Class A are the senior bonds, paid first and considered the safest, so they carry the highest rating. Class B and C are paid after and are more likely to absorb losses, so they are rated lower. Class A was sized at $561.39 million, Class B at $56.95 million and Class C at $40.68 million. BJETS 2026-1 brings GJC's total assets securitized to approximately $6.7 billion and bonds issued to approximately $5.4 billion.Sandamp;P Global Ratings and Kroll Bond Rating Agency LLC assigned BJETS 2026-1 ratings of A/A, BBB+/BBB and BB/BB on the Class A, B and C tranches, respectively. When the senior layer earns an investment-grade A rating, it means the market sees jet-loan collateral, especially in the mid-to-large-cabin segment, as strong.More buyers than bondsAll the bond classes were oversubscribed, meaning investors wanted to buy more bonds than were available. A total of 41 investors took part, 12 of them new to the BJETS program. Morgan Stanley andamp; Co. led the deal as lead structuring agent and bookrunner, with Deutsche Bank Securities, BofA Securities, Citigroup Global Markets, KKR Capital Markets and TCG Capital Markets serving as joint structuring agents and bookrunners.What it means for the marketFor buyers looking at midsize or large-cabin aircraft, this confidence from investors means they are more likely to find loan options when purchasing, rather than needing all the cash in hand. For brokers, it means the financing leg of a transaction is less likely to undermine a deal. For sellers of midsize and large-cabin jets, that security for buyers supports demand and helps keep prices steady. Sometimes you need to look beyond supply and demand.With lenders this willing to fund midsize and large-cabin jets, the question shifts from "can I finance it?" to "which one?" Browse current listings in the GlobalAir.com marketplace.