Global Jet Capital, a global leader in financial solutions for business aircraft, has announced the appointment of Vivek Kaushal as Chief Executive Officer (CEO), taking over from Shawn Vick who will assume the role of Executive Chairman. Vivek joined the Company in 2015, in conjunction with Global Jet Capital’s acquisition of the GE Capital business aircraft portfolio and was named Chief Operating Officer in June 2019. Industry veteran Dave Labrozzi will remain with the Company as a Senior Advisor.
As Executive Chairman, Shawn Vick, who has served as a Partner with AE Industrial Partners since 2014, will continue to provide strategic direction and counsel to Global Jet Capital through regular engagement with the Company’s Limited Partners, Investment Committee, and Senior Leadership Team, which will now be led by Vivek Kaushal.
“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. He’s also been a critical partner in developing the winning culture and strategy that defines our business,” said Shawn Vick, Executive Chairman of Global Jet Capital. “I know I speak for our Limited Partners and everyone at Global Jet Capital when I say we are all excited to see Vivek assume this leadership position.”
“I’m truly honored and humbled by this appointment. In my time with the Company, I have learned a great deal from our Limited Partners, our Senior Leadership Team, and our immensely talented employee base,” said Vivek. “Global Jet Capital’s driving purpose will continue to be Simplifying Access to Business Aviation. Our focus going forward will be to build on the success we’ve generated and to reach new heights in this vibrant market. I’d like to thank Shawn for his leadership of Global Jet Capital for the last seven years and am glad he will continue to provide the Company with his ideas and insights in his role as Executive Chairman.”
Vivek’s career includes nearly 30 years of leadership experience in various financing businesses, including serving as Chief Risk Officer for GE Capital Business Aviation Finance prior to its purchase by Global Jet Capital. He received an MBA from the Indian Institute of Management, Calcutta, and a BS in Chemical Engineering from the Indian Institute of Technology, Delhi.