“Blackstone Provides Over $1.8 Billion in Financing to Drive JSSI’s Growth in Business Aviation”

Jet Support Services, Inc. (JSSI), the world’s largest independent provider of hourly cost maintenance programs for business aircraft, has secured significant new financing to support its recapitalization efforts. The company, which is a portfolio company of leading private equity firms GTCR and Genstar Capital, has received over $1 billion in new financings from Blackstone Credit & Insurance.

This substantial investment brings the total financing provided by Blackstone to JSSI to over $1.8 billion, including both debt financing and an investment in common equity. The strategic financings are aimed at strengthening JSSI’s capital structure, enhancing its operational capabilities, and continuing its growth trajectory in the business aviation sector.

JSSI, founded in 1989 and headquartered in Chicago, Illinois, is a leading provider of maintenance support and financial services to the aviation industry. The company offers hourly cost maintenance programs for corporate and private aircraft engines, APUs, and airframes, and its JSSI Parts & Leasing division provides parts, engine, and APU leasing support for approximately 10,000 aircraft maintenance events each year.

The recapitalization comes at a strategic time when the aviation services sector is experiencing increased demand for predictable maintenance costs and technological solutions. JSSI’s ability to secure substantial financing from Blackstone indicates strong future growth potential and market opportunities. The backing of multiple private equity firms suggests potential for strategic acquisitions or expansion into adjacent services.

Blackstone has been a long-time investor in JSSI since 2015, demonstrating its commitment to growing with companies in its credit portfolio. The firm’s Senior Managing Director, Brad Colman, expressed pride in continuing to support JSSI, stating that the company has consistently demonstrated leadership in the aviation maintenance and technology sector.

The new financings will enable JSSI to further solidify its position as a leading provider of maintenance support and financial services to the business aviation industry. With its enhanced capital structure and operational capabilities, JSSI is poised to continue its growth trajectory and meet the evolving needs of its clients.

JSSI’s comprehensive services include hourly cost maintenance programs, parts and leasing support, and aircraft consulting services. The company’s expertise spans the entire aircraft life cycle, from acquisition to teardown and part out. Its infrastructure of certified technical advisors serves customers globally, maintaining approximately 2,000 business jets, regional jets, and helicopters.

The partnership between JSSI and Blackstone, along with the support of GTCR and Genstar Capital, underscores the confidence in JSSI’s future growth and its role in the business aviation sector. The significant investment in JSSI reflects the growing demand for its services and the potential for strategic expansion in the industry.

In conclusion, the new financings secured by JSSI from Blackstone Credit & Insurance mark a significant milestone in the company’s growth trajectory. With its strengthened capital structure and enhanced operational capabilities, JSSI is well-positioned to continue its leadership in the aviation maintenance and technology sector, meeting the evolving needs of its clients and capitalizing on emerging market opportunities.