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Global Jet Capital Launches CleanFlight Carbon Offset Program with Carbonfund.org Foundation

Media Contact:

Aimee Talbert Nardini, Global Jet Capital

561.212.1594 [mobile]

atalbertnardini@globaljetcapital.com

 

Global Jet Capital Launches CleanFlight Carbon Offset Program

with Carbonfund.org Foundation

 

Danbury, CT – April 13, 2021 - Global Jet Capital, a global leader in financial solutions for business aircraft, announced today the introduction of its news CleanFlight Carbon Offset Program. In partnership with Carbonfund.org Foundation, a U.S. based 501(c)(3) non-profit organization, this new program will provide Global Jet Capital clients with preferred pricing and a simplified process when they choose to offset the greenhouse gas emissions related to their business aircraft through the purchase of verified carbon offsets.

Vivek Kaushal, President and Chief Operating Officer of Global Jet Capital, stated, “We created this program to help raise visibility around the impacts of climate change and provide our clients with a vetted option to offset the impact of their aircraft operations on the environment. The program is completely voluntary and provides our clients the flexibility to acquire a level of carbon credits consistent with their operations. Though this is not intended to satisfy government regulations regarding environmental mitigation, our partnership with Carbonfund.org provides our clients the assurance of acquiring verified carbon offsets from a trusted and globally recognized partner.”

The CleanFlight Carbon Offset Program can be implemented when a client commences an operating lease, finance lease or loan with Global Jet Capital. The Carbonfund.org team will support Global Jet Capital in estimating the carbon footprint size associated with the client’s anticipated use of its specific aircraft. This will be based on the fuel burn associated with the make and model of the aircraft, anticipated annual operations, and desired years of coverage. Upon acquisition of the carbon offsets, Carbonfund.org will provide appropriate certifications for the client’s records.

All voluntary carbon offset projects that Carbonfund.org supports are third-party validated and verified to one or more of the internationally recognized standards by organizations including The Gold Standard, Verified Carbon Standard, and American Carbon Registry.

Third-party validation/verification companies include various global environmental and engineering consultancies such as Bureau Veritas Certification Holding SAS, Environmental Services, EPIC Sustainability Services Private Limited, First Environment, LGAI Technological Center S.A., RINA Services S.p.A., Ruby Canyon Engineering, SCS Global Services and Environmental Services, and TÜV NORD CERT GmbH.

All validation, verification and monitoring reports for all registered voluntary carbon offset projects are publicly available on the registries maintained by each of the international standards. Carbonfund.org’s project management team reviews these documents for compliance prior to selecting projects to be supported.

For more information about this new CleanFlight Carbon Offset Program, contact Aimee Talbert Nardini: atalbertnardini@globaljetcapital.com.

 

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Notes to editors

Global Jet Capital

With over $2.6 billion in assets under management, Global Jet Capital provides financing solutions for the business aircraft market. The Company is capitalized by world-class private investors with expertise in the global aviation industry: The Carlyle Group, FS/KKR Advisor, LLC, a partnership between FS Investments and KKR Credit, and AE Industrial Partners. The Global Jet Capital management team has served the business aircraft industry for a combined 220-plus years and has completed over 3,500 aircraft transactions. The Company has the expertise, financial strength, industry relationships and infrastructure necessary to offer a variety of flexible financing solutions at the speed the market requires. Visit www.globaljetcapital.com to learn more.

Carbonfund.org Foundation, Inc.

Carbonfund.org Foundation is a globally recognized 501(c)(3) non-profit organization leading the fight against climate change, making it easy and affordable for businesses, organizations or individuals to reduce and offset their climate impact and hasten the transition to a clean energy future. Carbonfund.org achieves its goals through: Climate change education, Carbon offsets and reductions, and Public outreach. In its 17-year history, Carbonfund.org has supported over 200 third-party validated and verified voluntary carbon offset projects across 25 countries and 42 of the US states. Learn more at www.carbonfund.org.