Business jet financier Global Jet Capital has appointed Vivek Kaushal as CEO, replacing Shawn Vick, who will now serve as executive chairman. Kaushal was most recently Global Jet’s COO, a position he was appointed to in 2019 after joining the company in 2015 following its acquisition of GE Capital’s business aircraft portfolio.
In his new role, Vick will continue to advise the company through its limited partners, investment committee, and senior leadership team. “Over the past six years, Vivek has demonstrated passionate and dedicated leadership along with a deep understanding of our market and all elements of our business,” Vick said. “He’s also been a critical partner in developing the winning culture and strategy that defines our business.”
Kaushal has nearly 30 years of experience as a leader in a variety of financing businesses, including serving as chief risk officer for GE Capital Business Aviation Finance. He has a master’s of business administration degree from the Indian Institute of Management in Calcutta and a bachelor’s of science degree in chemical engineering from the Indian Institute of Technology in Delhi.
Global Jet has more than $5 billion in investments in business aviation and is capitalized by private equity firms the Carlyle Group; FS/KKR Advisor, a partnership between FS Investments and KKR Credit; and AE Industrial Partners, of which Vick has served as a partner since 2014.