Copying and distributing are prohibited without permission of the publisher
Corporate Jets: Arriving in style
01 June 2006
From one-day business trips to St Petersburg to flying in and out of war zones, corporate jets have become this season's must have. Janet Du Chenne reports.
Read more:
corporate jets; RBS; Jetbird;
The world of corporate jets is often associated with a niche market of wealthy business moguls, sports stars and entertainers, but the market is growing quickly and is becoming far less exclusive – opening up opportunities for financiers.
One former financier who believes in the market is Domhnal Slattery, former head of aviation capital at RBS. Slattery, who established RBS Aviation Capital in 2001, is investing in JetBird, a new corporate jet carrier, through Claret Capital, a private equity fund he runs.
Slattery's colleague, Paul Geaney, who also hails from RBS Aviation Capital and moved within the company to create the RBS Corporate Jet Capital business in 2004, has responsibility for Claret's aerospace ventures. Claret Capital has arranged equity financing for JetBird in a deal that closed in May.
Geaney says that corporate jets are particularly good for financing because they are leased by stronger credits and have stronger residual values,...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
