Bain Capital has launched JB Aircraft Finance, LLC, a new corporate jet financing and leasing platform focused on the mid-life business aircraft market. The venture has been established in partnership with aviation industry veteran Thomas Garbaccio and Miami-based Brickell Asset Management.
JB Aircraft Finance aims to address a longstanding gap in corporate aviation by providing flexible, asset-backed financing solutions for aircraft owners, operators, original equipment manufacturers (OEMs) and brokers. The platform will offer a range of products, including operating leases, finance leases and bespoke financing arrangements tailored to customer requirements.
The new company combines Bain Capital’s financial resources with Brickell Asset Management’s operational capabilities and industry expertise. Its focus on mid-life corporate aircraft targets a segment that has traditionally lacked the leasing options commonly available in commercial aviation, where more than half of aircraft fleets are leased rather than owned outright.
A key offering will be sale-and-leaseback transactions, enabling aircraft owners to unlock capital and improve liquidity while avoiding shareholder dilution. The platform believes this approach can provide greater financial flexibility for operators seeking to optimise balance sheets without compromising access to aircraft assets.
JB Aircraft Finance will be led by Chief Executive Officer Thomas Garbaccio, who brings extensive experience in aviation finance. He previously founded Jet Bank and FTAI Aviation and has played a significant role in developing aircraft financing solutions across the industry.
Brickell Asset Management will provide the operational infrastructure needed to support portfolio growth and asset management activities as the platform expands.
Through the partnership, Bain Capital, Garbaccio and Brickell Asset Management aim to build a diversified aircraft financing and leasing portfolio while serving an underserved area of the corporate aviation market. The venture is expected to broaden financing options for business aircraft stakeholders and support continued growth in the sector.
