Private lift provider Jet Edge International has captured an additional $75 million of funding from private equity firm KKR to further expand its Gulfstream and Challenger fleet. Over the past year, the Ohio-based aircraft charter, management, and brokerage company has received $265 million from KKR in credit and equity investments.
Last year, Jet Edge added 27 more Gulfstream and Challenger jets. With this latest investment announced today, it expects to add 20 more Gulfstreams and Challengers in the first half of 2022, which would bring its fleet to 95 jets. Jet Edge noted that in 2020 it grew 1,800 percent year-over-year in new member acquisitions.
"KKR’s most recent investment in Jet Edge speaks to its confidence in our mission to deliver scaled private aviation solutions with industry leading service and new capital to support those efforts with continued fleet growth,” said Jet Edge CEO Bill Papariella.