Clifford Chance advises Global Jet Capital in connection with the offering of $608,030,000 Series 2018-1 Secured Notes

Clifford Chance has advised Global Jet Capital as servicer, and Business Jets Securities, as issuer, on the issuance of $496,810,000 Class A Notes Series 2018-1, $74,150,000 Class B Notes Series 2018-1 and $37,070,000 Class C Notes Series 2018-1 rated A (sf), BBB (sf) and BB (sf), respectively, by Kroll Bond Rating Agency. The Notes are secured by cash flow generated by various leases and loans of business jet aircraft serviced by Global Jet Capital, Inc. This is the first ABS capital markets financing backed exclusively by business jet assets. Global Jet Capital was formed in 2014 by three asset management