Bain Capital Launches JB Aircraft Finance for Mid-Life Corporate Jets

On June 2, 2026, Bain Capital announced the launch of JB Aircraft Finance, LLC, a new corporate jet financing and leasing platform. According to the official press release, the venture was established in partnership with aviation industry veteran Thomas Garbaccio and Miami-based Brickell Asset Management, LLC.

The newly formed entity aims to address a specific gap in the corporate aviation market by offering flexible, asset-backed financing solutions tailored to mid-life corporate Commercial-Aircraft. This segment has historically lagged behind the commercial aviation sector in terms of leasing flexibility and financial product availability.

By combining Bain Capital’s extensive capital resources with Brickell Asset Management’s operational infrastructure, JB Aircraft Finance intends to serve aircraft owners, operators, original equipment OEMs, and brokers. The platform will offer a comprehensive suite of financial products, including operating leases, financial leases, and bespoke financing transactions.

Bridging the Gap in Corporate Aviation Finance

The Mid-Life Aircraft Opportunity

Historically, the commercial aviation sector has heavily relied on leasing and asset-backed financing, with over 50% of commercial fleets often operating on lease agreements. However, as noted in the provided company statements, the corporate and business aviation sectors have not enjoyed the same level of financial flexibility.

Mid-life corporate aircraft represent a particularly underdeveloped segment. Charter operators and private owners frequently find their capital tied up in aging fleets. JB Aircraft Finance aims to capitalize on this by offering sale-and-leaseback options, allowing operators to free up cash and improve liquidity without diluting shareholder equity.

“JB Aircraft Finance, LLC is addressing a clear gap in the corporate aircraft market by providing flexible, asset-backed financing solutions for mid-life aircraft, an area that has been underdeveloped compared to commercial aircraft leasing. We look forward to supporting a differentiated platform capable of moving with the speed and certainty that our counterparties require.”

, Matt Evans, Partner at Bain Capital Special Situations

Strategic Partnerships and Leadership

A Proven Executive Team

The platform is spearheaded by CEO Thomas Garbaccio, a veteran aviation industry executive with a track record of successful ventures. According to industry background data, Garbaccio previously founded and served as CEO of Jet Bank, a Fort Lauderdale-based corporate aircraft leasing firm that launched in mid-2023 with a $250 million initial equity raise. He also launched FTAI Aviation, a commercial aircraft engine leasing company that achieved a $2.9 billion market capitalization on the NASDAQ.

Brickell Asset Management, founded in 2006 and based in Miami, Florida, brings specialized experience in acquiring, leasing, and selling commercial aircraft and engines. According to the press release, Brickell will provide the robust operational infrastructure required to scale the new portfolio with discipline, complementing Bain Capital’s more than 20 years of aviation investment experience.

“By tailoring our financing solutions specifically to mid-life aircraft, JB Aircraft Finance, LLC is addressing an underserved segment of the market. Our immediate goal is to steadily grow our aircraft base and continue to build a highly diversified, industry-leading portfolio.”

, Thomas Garbaccio, CEO of JB Aircraft Finance, LLC

AirPro News analysis

We view the launch of JB Aircraft Finance as a significant indicator that business aviation is maturing to meet the sophisticated financial standards long established in commercial aviation. In a high-interest-rate environment, charter operators and private owners face increasing pressure to optimize their balance sheets.

The synergy between a major private equity firm like Bain Capital and proven operational partners suggests a strong foundation for this venture. By unlocking equity through sale-and-leaseback agreements, operators will likely have greater capacity to upgrade fleets or expand operations, potentially stimulating further transaction activity in the mid-life corporate jet market.

Frequently Asked Questions

What services does JB Aircraft Finance, LLC provide?

The company provides a comprehensive suite of financing solutions specifically for mid-life corporate aircraft, including operating leases, financial leases, and customized financing transactions.

Who are the key partners in this venture?

The platform is a strategic Partnerships between Bain Capital Special Situations, aviation executive Thomas Garbaccio (who serves as CEO), and Miami-based Brickell Asset Management, LLC.

Sources

• Bain Capital via Business Wire