Bain Capital announced the creation of JB Aircraft Finance, LLC on Monday, establishing a specialized financing and leasing platform centered on mid-life corporate aircraft. The new entity was formed in collaboration with aviation industry professional Thomas Garbaccio and Brickell Asset Management, LLC.
JB Aircraft Finance, LLC will provide a range of financing solutions to a cross-section of participants in the corporate aviation value chain. The platform will make operating leases, financial leases and tailored financing arrangements available to aircraft owners, operators, original equipment manufacturers (OEMs), brokers and other intermediaries.
Thomas Garbaccio, who will serve as CEO of JB Aircraft Finance, LLC, framed the venture as a response to an underserved segment of the market. "Our immediate goal is to steadily grow our aircraft base and continue to build a highly diversified, industry-leading portfolio. By leveraging Bain Capitals 20+ years of aviation investment experience, along with Brickell Asset Managements robust operational infrastructure, we are fully equipped to scale with discipline and deliver consistent execution," Garbaccio said.
Matt Evans, Partner at Bain Capital Special Situations, described the platform as addressing an area that has received less development relative to commercial aircraft leasing. "JB Aircraft Finance, LLC is addressing a clear gap in the corporate aircraft market by providing flexible, asset-backed financing solutions for mid-life aircraft - an area that has been underdeveloped compared to commercial aircraft leasing," Evans said.
The platform is structured to operate on a global basis and is supported by a team with experience across the full lifecycle of aircraft asset management. That team brings expertise in acquisition, financing, leasing, disposition and portfolio management, according to the announcement.
The launch positions JB Aircraft Finance, LLC to offer mid-life corporate aircraft financing options through a combination of Bain Capitals long-standing aviation investment background and Brickells operational capabilities, with leadership citing disciplined scaling and execution as immediate priorities.
Summary
Bain Capital has launched a dedicated corporate jet financing and leasing platform, JB Aircraft Finance, LLC, targeting mid-life business jets. The vehicle, created with Thomas Garbaccio and Brickell Asset Management, will deliver operating and financial leases and bespoke financing to a broad set of aviation market participants and will operate globally with a team experienced in aircraft asset management.