Private aircraft finance provider Global Jet Capital today appointed industry veteran Dave Labrozzi as chief operating officer. Before retiring in 2014, Labrozzi spent 35 years with the GE group, of which 22 years were focused on the business aviation sector. For 15 years he served as president of GE Capital, Corporate Aircraft, which Global Jet Capital is in the process of acquiring.
As COO, Labrozzi will lead new business sales efforts, as well as aircraft resale and releasing activities. He will have overall responsibility for areas such as risk and underwriting, plus portfolio and asset management.
U.S.-based Global Jet Capital agreed to buy GE’s corporate aircraft lease and loan portfolio back in October 2015. The acquisition process is now around 90 percent complete and the company expects to finish the transfer of all remaining assets, which includes accounts in Mexico and Brazil, by the end of January. It is in the process of adding staff in London, Hong Kong, Dubai, and in several European locations.
While the geopolitical situation contributed to economic uncertainty in Q1, market fundamentals remained healthy. The quarter showed strong demand for business aviation, reflected in increasing aircra...
Which strategy leads to cost-effective, climate-friendly aviation in 2070? Four scenarios from the Bauhaus Luftfahrt think tank illustrate the impacts of different transformation paths. Key points: In...
The A350-1000ULR (MSN 707), the first of 12 aircraft ordered by Qantas has completed its first flight in Toulouse, France. The aircraft, fitted with special flight test instrumentation, flew for three...
Cirrus launched Let’s Go Fly!, a first-of-its-kind app created for Apple Vision Pro that delivers an immersive introduction to Personal Aviation—the freedom, convenience and acce...
