AeroVentures, a new investment firm led by Bill Papariella, aims to foster growth and innovation in the private aviation industry through strategic investments.
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AeroVentures, a new investment firm led by former Jet Edge CEO Bill Papariella, aims to foster growth and innovation in the private aviation industry through strategic financial investments.
The company officially announced its launch this week at NBAA-BACE 2023 and revealed its first partnership on Monday. AeroVentures entered into a “strategic sales alliance” with Jetcraft, a business aircraft brokerage and consultancy firm with 25 offices around the world. As part of the deal, AeroVentures provided Jetcraft with a $100 million credit facility, and Jetcraft will be AeroVentures’ exclusive trading partner.
Papariella told AIN that his family-run business will provide direct credit lines and investments for small- to medium-sized private aviation companies that are either looking to expand or to introduce innovative technologies. In particular, AeroVentures will target mid-market companies with an EBITDA of less than $50 million.
On the venture capital side, Papariella said he would like to invest in emerging companies that are focused on sustainability and cutting-edge technologies, such as artificial intelligence and advanced flight operating systems. On the sustainability front, he hopes to invest in infrastructure for sustainable aviation fuel.
Additionally, he aims to provide funding for infrastructure at airfields and aircraft storage facilities, MROs, retail aircraft brokerages, real estate developers, and just about any other aviation-related venture.
According to Papariella, high interest rates have caused a recent “dislocation in the market” for financing options, which makes it difficult for many businesses to raise money. “We would be one of the very few direct private aviation-focused lenders,” he said.
AeroVentures, a new investment firm led by former Jet Edge CEO Bill Papariella, aims to foster growth and innovation in the private aviation industry through strategic financial investments.
The company officially announced its launch this week at NBAA-BACE 2023 and revealed its first partnership on Monday. AeroVentures entered into a “strategic sales alliance” with Jetcraft, a business aircraft brokerage and consultancy firm with 25 offices around the world. As part of the deal, AeroVentures provided Jetcraft with a $100 million credit facility, and Jetcraft will be AeroVentures’ exclusive trading partner.
Papariella told AIN that his family-run business will provide direct credit lines and investments for small- to medium-sized private aviation companies that are either looking to expand or to introduce innovative technologies. In particular, AeroVentures will target mid-market companies with an EBITDA of less than $50 million.
On the venture capital side, Papariella said he would like to invest in emerging companies that are focused on sustainability and cutting-edge technologies, such as artificial intelligence and advanced flight operating systems. On the sustainability front, he hopes to invest in infrastructure for sustainable aviation fuel.
Additionally, he aims to provide funding for infrastructure at airfields and aircraft storage facilities, MROs, retail aircraft brokerages, real estate developers, and just about any other aviation-related venture.