Global Jet Capital acquires corporate aircraft portfolio from GE Capital

On December 4, 2015, Global Jet Capital, a company providing leasing and lending solutions for large-cabin, long-range private jets, completed its acquisition of the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas representing approximately US$2.5 billion of net assets.

Global Jet Capital was represented in the US by Kevin Mausert, Christopher Elder and John Mason Wilkes of Kirkland & Ellis LLP; by Emily DiStefano, Olga Miller, Patrick Reisinger and Richard Williams of Clifford Chance US LLP and by a corporate team from Latham & Watkins LLP led by Daniel Lennon and Nicholas Luongo and including Cory Tull, Rohith Parasuraman, Mariclaire Petty and Mitchell London.Advice was also provided by David Raab and Matthew Dewitz (tax); Steve Betensky and Tiana Hertel (transition services); David Della Rocca and Matthew Conway (employee benefits); Jeffrey Chenard, Graeme Smyth,  Kevin Fingeret and  Larry Safran (finance); Marc Williamson, Hector Armengod and Sydney Smith (antitrust) and Alan Avery and Pia Naib (banking).

Global Jet Capital was represented in Canada by Ken Ottenbreit, Gordon Cameron, Kenton Rein, Eliza Dinale, Julien Lefebvre, and Laura Fraser (M&A and financing), Paul Collins and Megan MacDonald (competition) and Luc Bernier and Eric Lévesque (tax) of Stikeman Elliott LLP.

GE Capital’s in-house team, in the US, was led by Elisabeth McCarthy, Amy Rhodes and Kevin Randall and, in Canada, by Caroline Boutin. GE Capital was represented in the US by a Shearman & Sterling LLP team including John Marzulli, Sean Skiffington, Richard Fischetti and Andreas Piepers (M&A), along with William Yaro (finance), Ethan Harris (tax), Doreen Lilienfeld (compensation, governance & ERISA), Douglas Bartner (financial restructuring & insolvency), Sean Finley (investment funds), Laura Friedrich (investment funds) and Nathan Sawyer (M&A). GE Capital was represented in Canada by Marie-France Gagnon and Gadi Taj Ndahumba of McCarthy Tétrault LLP.