Private Aviation Deal Book: List of mergers, acquisitions, fundraises, launches, and bankruptcies by fractional and charter operators.
(Updated Jan. 10, 2026) This table tracks mergers, acquisitions, funding news, fleet orders, and fleet sales by fractional ownership providers, jet card providers, and membership program providers from 2017 to the present.
There are over 100 transactions tracked.
The data in the table is based on coverage in Private Jet Card Comparisons and reflects the information we have reported.
Financial transactions between privately held companies may not be available and are thus omitted.
List of mergers, acquisitions, raises, launches, aircraft orders, and bankruptcies.
| Who | When | What |
| Bond | Jan. 2025 | KKR-backed Bond buys National Jets |
| Jet It | Dec. 2025 | Jet It files for Chapter 7 bankruptcy |
| Wheels Up | Dec. 2025 | Wheels Up raises $105 million via sale-leaseback of Phenoms, Challengers |
| Bond | Dec. 2025 | Bond confirms $44 million raise from private investors |
| Flexjet, Inc. (Directional) | Dec. 2025 | Flexjet, Inc. sells Challenger 300 fleet to Baker Aviation |
| Hopscotch Air | Dec. 2025 | Hopscotch plans a direct offering up to $20 million |
| TLC Jet | Nov. 2025 | TLC Jet acquires operator Privaira Aviation |
| Principal Aviation, Ventura Air Services | Nov. 2025 | Principal Aviation buys Alpha Aircraft Services from Ventura Air Services |
| Surf Air | Nov. 2025 | Surf Air announces $100 million ‘strategic transaction’ |
| Verijet | Oct. 2025 | Verijet files for Chapter 7 bankruptcy |
| Bond | Oct. 2025 | Bond confirms $320 million in preferred equity and debt led by KKR |
| Leviate Air Group, Vault Aviation | Oct. 2025 | Leviate Air Group acquires Vault Aviation |
| FlyExclusive, Volato | Oct. 2025 | FlyExclusive buys Volato aircraft sales, options to buy Vaunt |
| Bond | Oct. 2025 | Bond revealed as customer for $1.7 billion Bombardier order |
| Vista Global, JetExcellence | Sep. 2025 | Vista sells Citation X fleet to JetExcellence |
| Blade Air Mobility | Sep. 2025 | Joby acquires Blade Air Mobility passenger division |
| George J. Priester | Aug. 2025 | George J. Priester announces acquisitions |
| Wheels Up | Aug. 2025 | Wheels Up sells non-core businesses related to Air Partner |
| Flexjet, Inc. | Jul. 2025 | LVMH-backed private equity invests $800 million in Flexjet |
| Volato | July 2025 | Volato sells Gulf Coast Aviation Part 135 certificate to undisclosed company |
| Volato | Jun. 2025 | Volato announces merger term sheet with M2I |
| Monarch Air Group | Jun. 2025 | Monarch Air Group obtains rights for PrivateJet.com as a consumer website |
| ATI Jet | Jun. 2025 | ATI Jet, Jetvia acquired by Matt Hayer |
| FlyUSA | May 2025 | FlyUSA buys Pilatus PC-12 operator Tryp Air Charter |
| Premier Private Jets, Wheels Up | Apr. 2025 | Premier Private Jets acquires FBO from Wheels Up |
| Vista Global | Apr. 2025 | Vista Global closes on $1.3 billion in financing |
| FlyExclusive, Jet.AI | Feb. 2025 | FlyExclusive announces definitive agreement to buy Jet.AI charter division |
| Flexjet, Inc. | Feb. 2025 | Flexjet announces firm order for 182 aircraft from Embraer |
| Premier Private Jets | Jan. 2025 | Premier Private Jets acquires second Dayton, Ohio FBO |
| Flexjet, Inc. | Dec. 2024 | Flexjet raises $550 million via bond offering |
| Magellan Jets | Dec. 2024 | Magellan Jets acquires Fly Louie charter sourcing platform |
| Wheels Up | Nov. 2024 | Wheels Up closes on $332 million in financing backed by Delta Air Lines |
| Wheels Up | Oct. 2024 | Wheels Up acquires GrandView Aviation from Global Medical Response |
| Leviate Air Group | Oct. 2024 | Leviate Air Group buys Chairman Aviation |
| FlyHouse | Oct. 2024 | Benevolent Capital makes undisclosed investment in FlyHouse |
| Jet Out | Sep. 2024 | Jet Out sells Milwaukee FBO to Jet Aviation |
| FlyExclusive, Volato | Sep. 2024 | FlyExclusive and Volato sign fleet management agreement as Volato suspends fractional, jet card sales |
| Airshare | Jul. 2024 | Kompas Kapital buys the majority stake of Airshare |
| FlyHouse | Jun. 2024 | FlyHouse acquires direct-to-consumer charter platform JetASAP |
| NetJets | May 2024 | Bombardier confirms NetJets options valued at $6 billion, Challenger 3500 orders |
| Premier Private Jets | Feb. 2024 | Premier Private Jets acquires Dayton, Ohio, MRO and FBO |
| SetJet | Feb. 2024 | SetJet shuts down after failed SPAC IPO |
| FlyExclusive | Dec. 2023 | FlyExclusive begins trading on the NYSE under FLYX after its SPAC merger IPO |
| Victor | Nov. 2023 | Victor says it was sold to an undisclosed Abu Dhabi-based investment firm |
| Verijet | Nov. 2023 | Verijet announces $85 million in funding from Solaino |
| Wheels Up | Nov. 2023 | Wheels Up adds $40 million from Kore Capital, Whitebox Advisors |
| Volato | Nov. 2023 | Volato completes SPAC merger IPO to trade publicly on the New York Stock Exchange under SOAR |
| Magellan Jets | Oct. 2023 | Magellan Jets acquires Stellar Labs |
| Roam Maui | Oct. 2024 | Roam Maui cancels flights, stops operations |
| Airshare | Oct. 2023 | Airshare completes the acquisition of Wheels Up’s aircraft management business |
| NetJets | Sep. 2023 | NetJets says it will buy up to 1,500 new private jets from Textron Aviation |
| Wheels Up | Sep. 2023 | Wheels Up completes $500 million funding raise led by Delta Air Lines and Certares |
| Volato | Aug. 2023 | Volato announces IPO plans via SPAC merger |
| Jet Token | Aug. 2023 | Jet Token completes SPAC merger IPO to trade publicly on the NASDAQ |
| Surf Air | Aug. 2023 | Surf Air completes acquisition of Southern Airways and completes IPO via direct listing. |
| Wheels Up | Aug. 2023 | Delta leads group investors, providing $500 million in funding in exchange for 95% of equity |
| Wheels Up | Aug. 2023 | Wheels Up announces sale of aircraft management to Airshare |
| Directional Aviation | Aug. 2023 | Directional Aviation’s Flexjet, Inc. buys MRO Flying Colours |
| Set Jet | Jul. 2023 | Set Jet announces plans for a SPAC-merger IPO |
| Priester Aviation | Jul. 2023 | Priester Aviation acquires Hill Private Aviation |
| NetJets | May 2023 | NetJets says it will buy up to 250 Praetor 500s from Embraer |
| Jet It | May 2023 | HondaJet fractional Jet It ceases operations |
| Directional Aviation | Apr. 2023 | Directional’s Flexjet, Inc. terminates SPAC merger agreement that would have made it a publicly traded company |
| Northern Jet | Mar. 2023 | Northern Jet announces merger agreement with SpeedBird to close in Q2 2023 |
| Jet Token | Feb. 2023 | Jet Token announces plans for SPAC merger IPO with Oxbridge Acquisition Corp. |
| Rennia Aviation | Jan. 2023 | Rennia Aviation buys Dumont’s private jet charter and jet card group |
| Blade | Jan. 2023 | RedBird Capital Partners increases stake in Blade Urban Mobility from 1% to 5% |
| Camber | Nov. 2022 | Vista Global acquired online private jet charter broker Camber. |
| AeroVanti | Oct. 2022 | AeroVanti says it has established $100 million in financing from Lafayette Aircraft Leasing |
| FlyExclusive | Oct. 2022 | FlyExclusive announced a SPAC merger IPO |
| Wheels Up | Oct. 2022 | Wheels Up nets $259 million via issuance of equipment notes against its owned fleet |
| Directional Aviation | Oct. 2022 | Directional announced a SPAC merger IPO for its OneSky Flight subsidiary, which will be renamed Flexjet, Inc. |
| Priester Aviation | Sep. 2022 | Priester Aviation acquires operator Mayo Aviation |
| Aero | Aug. 2022 | By-the-seat Aero secures $65 million in Series B financing |
| Jet Token | Aug. 2022 | Jet Token secures $40 million commitment for post-IPO funding |
| Vista Global | Jun. 2022 | Vista Global closes on Jet Edge and Air Hamburg acquisitions. |
| Surf Air | May 2022 | Surf Air, Southern Airways agree to merger |
| Wheels Up | Apr. 2022 | Wheels Up closes on its acquisition of U.K.-based Air Partner |
| Climb | Apr. 2022 | PC-12 start-up jet card Climb closes |
| Vista Global | Mar. 2022 | Vista Global agrees to acquire Jet Edge |
| AeroVanti | Mar. 2022 | AeroVanti acquires Arizona-based Part 135 operator Marjet for its certificate |
| Wheels Up | Mar. 2022 | Wheels Up takes a minority interest in seaplane operator Tropic Ocean Airways |
| GrandView Aviation | Mar. 2022 | GrandView Aviation acquired by Global Medical Response |
| Volato | Mar. 2022 | Volato acquires Houston-based Gulf Coast Aviation |
| Jet Linx | Mar. 2022 | Jet Linx acquires Boca Raton-based Southern Jet |
| Tradewind Aviation | Mar. 2022 | Tradewind orders 20 Pilatus PC-12s |
| Vista Global | Feb. 2022 | Vista Global agrees to acquire private jet charter operator Air Hamburg |
| Wheels Up | Feb. 2022 | Wheels Up acquires light jet operator Alante Air Charter |
| Wheels Up | Jan. 2022 | Wheels Up agrees to acquire U.K.-based aviation services company Air Partner for $107 million. |
| Jet Edge | Jan. 2022 | KKR invests $75 million in top 10 charter operator Jet Edge |
| Elevate Holdings | Jan. 2022 | PJS Group parent Elevate Holdings acquires Keystone Aviation. |
| NetJets | Nov. 2021 | NetJets makes an undisclosed investment in Shenzhen-based Amber Aviation |
| NetJets | Oct. 2021 | NetJets places orders and options for 100 Phenom 300Es. |
| Jet Edge | Sep. 2021 | KKR makes $40 million preferred equity investment in top 10 charter operator Jet Edge |
| Wheels Up | Jul. 2021 | Completes merger with SPAC Aspirational Lifestyle and begins trading as a public company on the New York Stock Exchange under UP symbol |
| Jet Edge | Jun. 2021 | #9 for-hire private jet operator Jet Edge secures a $150 million line of credit from KKR and launches guaranteed buy-back management program AdvantagEdge nationally |
| Directional Aviation |
Jun. 2021 | Directional’s OneSky Flight units orders 200 eVTOLs from Embraer-backed Eve and merges its two helicopter operators under the Halo brand. |
| Jettly | May 2021 | Broker Jettly acquires Online Jets Charters |
| Directional Aviation |
May 2021 | Directional Aviation’s OneSky Flight unit acquires U.K. helicopter operator Halo Aviation |
| Jets.com | Apr. 2021 | Ownership of broker Jets.com acquires Part 135 operator Pittsburgh Jet Center |
| Jet Linx | Apr. 2021 | Jet Linx will operate an undisclosed number of EVAs from Beta as part of an agreement with Blade, which will put the #5 for-hire private jet operator into the VTOL segment |
| Wheels Up | Apr. 2021 | Wheels Up partners with Textron Bell to launch a helicopter and VTOL unit focused on urban mobility, including connections to Delta Air Lines |
| Flapper | Mar. 2021 | Latin American on-demand private jet charter platform Flapper raises a $2 million Series A investment |
| Vista Global | Mar. 2021 | Vista Global buys on-demand charter broker Apollo Jets and an undisclosed interest in #14 charter operator and management company Talon Air |
| NetJets | Mar. 2021 | NetJets signs options for 20 Aerion AS2 supersonic private jets and to become the exclusive business aviation provider of Aerion Connect |
| GrandView Aviation |
Feb. 2021 | GrandView Aviation launches FlyLindy with plans for scheduled by-the-seat helicopter flights between Washington D.C., New York City, and College Park, Maryland. It also adds new bases in Denver and Boston while doubling its Phenom 300 fleet |
| Directional Aviation |
Feb. 2021 | Tuvoli of Directional Aviation’s OneSky Flight unit acquires B2B platform Flyeasy.co |
| NetJets | Feb. 2021 | NetJets makes an undisclosed investment in sustainable aviation fuel producer WasteFuel |
| Directional Aviation | Feb. 2021 | Directional Aviation’s OneSky Flight unit acquires helicopter fractional share and jet card operator AAG Associated Aircraft Group |
| Wheels Up | Feb. 2021 | Wheels Up announces a SPAC IPO valued at $2.1 via a merger with LVMH-backed Aspirational Consumer Lifestyle Corp. |
| Directional Aviation | Jan. 2021 | Directional Aviation launches 4AIR, an emissions reduction solution provider focused solely on private aviation |
| Wheels Up | Jan. 2021 | Wheels Up acquires 59 more aircraft with #9 largest charter operator Mountain Aviation for $10 million in cash, 8,620,690 common interests, and up to $15 million in additional incentives |
| Blade Urban Mobility | Dec. 2020 | Blade will become publicly listed on NASDAQ through a business combination with Experience Investment Corp. (NASDAQ: EXPC), a public entity sponsored by an affiliate of KSL Capital Partners. The transaction is expected to close in the first half of 2021. |
| Zanite Acquisition | Nov. 2020 | Zanite Acquisition Corp. helmed by Directional principal Kenn Ricci launches IPO priced at $200 million |
| Vista Global | Nov. 2020 | XOJET Aviation acquires 15 Citation Ultras and a “majority controlling” stake of #19 largest charter operator Red Wing Aviation |
| JetSuite | Sept. 2020 | Exits Chapter 11 |
| Zanite Acquisition | Oct. 2020 | Directional Aviation (Flexjet, Sentient Jet, PrivateFly, FXAIR) Principal Kenn Ricci launches Zanite Acquisition SPAC as co-CEO to acquire aviation companies with $200 million+ funding |
| Genesis Park | Sept. 2020 | Houston-based SPAC lists private aviation operators as a potential target |
| Surf Air | Aug. 2020 | Plans $200 million SPAC via Global Emerging Markets Group |
| Wheels Up | Aug. 2020 | Launches whole aircraft sales unit |
| Directional | Jul. 2020 | Launches broker FXAIR with plans to access a fleet of 30+ Challenger 300s and Globals exiting Flexjet’s fractional fleet |
| Jet Linx | Jul. 2020 | Buys Meridian management and charter business to expand at Teterboro, the busiest U.S. private jet airport |
| Wing Aviation | Jun. 2020 | #25 largest charter operator Wing Aviation merges aircraft management and charter business with Western Airways |
| Directional | May 2020 | Affirms 2020 launch for Flexjet’s European fractional program is delayed until 2021 |
| Elevate Holdings | May 2020 | Private Jet Services subsidiary signs as exclusive charter sales agent for iAero’s 35 VIP Boeing 737-400s |
| JetSuite | Apr. 2020 | Files for Chapter 11 leaving SuiteKey jet cardholders out $50 million |
| Wheels Up | Mar. 2020 | Buys #1 ranked charter operator Gama Aviation Signature for $41.3 million in cash, 1,724,138 common interests, and promissory notes with an initial principal of $28.3 million |
| FlyExclusive | Mar. 2020 | #8 ranked charter operator buys Gulfstream operator Sky Night |
| Victor | Mar. 2020 | Management buys broker after parent company goes into receivership |
| Wijet | Feb. 2020 | European VLJ operator closes and liquidates |
| Surf Air | Feb. 2020 | Buys charter platform BlackBird Air and renames itself Surf Air Mobility |
| Alyssum | Feb. 2020 | Charter broker Victor parent enters administration |
| Jet Edge | Jan. 2020 | #7 largest charter operator buys charter operator JetSelect |
| Wheels Up | Dec. 2019 | Buys #4 operator Delta Private Jets for 112,949,205 Class E preferred interests; Delta Air Lines values its 27% stake in Wheels Up at $240 million |
| Air Partner | Dec. 2019 | Buys Redline Assured Security |
| XJC Aviation | Dec. 2019 | U.K. operator placed into administration |
| Elevate Holdings | Nov. 2019 | Private Jet Services Group subsidiary buys The Flight Exchange |
| Qatar Airways | Oct. 2019 | Qatar Executive unit places $1 billion + order for Gulfstream G700s |
| Directional | Oct. 2019 | Flexjet unit places $1 billion + order for Gulfstream G700s |
| Directional | Oct. 2019 | Flexjet unit places $1.4 billion order for Embraer Praetor 500s, 600s, and Phenom 300s |
| Directional | Oct. 2019 | Launches charter payment platform Tuvoli |
| Wheels Up | Sept. 2019 | Buys tech platform Avianis for $14.4 million in cash and 2,011,495 common interests |
| Wheels Up | Aug. 2019 | Raises $128 million in Series D from Franklin Templeton, T. Rowe Price, and Fidelity Management at $1.1 billion valuation |
| Alliance Aviation | Jul. 2019 | Former Dumont executives launch broker and operator Alliance Aviation |
| Wing Spirit | Jul. 2019 | Hawaiian start-up charter operator orders 15 HondaJet very light jets |
| Wheels Up | Jun. 2019 | Buys #9 operator TMC Jets for $29.8 million in cash |
| Vista Global | Jun. 2019 | Merges XOJET and JetSmarter brokerages to form XO |
| Elevate Holdings | Jun. 2019 | Private Jet Services Group creates Elevate Holdings and launches charter operator Elevate Jet |
| Vista Global | May 2019 | Refinances $550 million of senior unsecured bonds |
| Jet Edge | May 2019 | Jet Edge launches used aircraft broker Jet Edge Partners following its $60 million raise in January 2019. |
| BlackBird Air | May 2019 | Raises $10 million from New Enterprise Associates |
| JetCard Plus | May 2019 | Jet card broker closes, leaving Treasury Secretary Steve Mnuchin with a 200k loss |
| Jet Linx | May 2019 | Buys Elliot Aviation’s management and charter business |
| Vista Global | April 2019 | Buys tech-led seat-sharing broker JetSmarter |
| Jet Edge | Jan. 2019 | Raises $60 million from Solace Capital Partners |
| PrivatAir | Dec. 2018 | European operator enters receivership |
| Surf Air | Dec. 2018 | European subsidiary enters liquidation |
| NetJets | Oct. 2018 | Announces order with options for 325 private jets from Textron’s Cessna division |
| Directional | Sep. 2018 | Buys fast-growing U.K.-broker PrivateFly |
| Vista Global | Sep. 2018 | Buys #3 operator XOJET Aviation fleet and commercial operations; becomes minority owner in Part 135 operator |
| VistaJet | Sep. 2018 | Raises $200 million from Rhone Capital, forms Dubai-based Vista Global Holding |
| Ultimate JetCharters | Aug. 2018 | Announces acquisition by OneJet is off |
| Jet It | Aug. 2018 | New entrant launches HondaJet fractional ownership program |
| Wijet | June 2018 | Places U.K. subsidiary Blink into receivership |
| ImagineAir | May 2018 | Atlanta-based Cirrus SR22 air taxi shuts down without warning |
| OneJet | May 2018 | Announces it will acquire Ultimate JetCharters for a combined fleet of 25 aircraft |
| Directional | April 2018 | Buys Italian charter operator and management company Sirio |
| JetSuite/JSX | April 2018 | Announces undisclosed investment from Qatar Airways and JetBlue |
| Dumont | Mar. 2018 | Acquires 27 Dassault Falcon 2000s from NetJets to be delivered through 2019 |
| Wijet | Feb. 2018 | Orders 16 HondaJet very light jets to replace Cessna Mustang fleet |
| Victor | Jan. 2018 | Raises $18 million from BP Ventures and BBA Aviation; forms Alyssum Group as a holding company |
| PrivateFly | Nov. 2017 | U.K.-brokers buys U.S. broker Bird Dog Jets |
| Wheels Up | Oct. 2017 | Wheels Up raises $117.5 million from AccorFidelity, T. Rowe Price, NEA and others |
| Stellar Labs | Oct. 2017 | Raises $26.3 million in Series A equity financing to develop a real-time charter booking platform |
| Apollo Jets | Fall 2017 | Broker with an estimated $100 million + revenues; undisclosed with Talon Jets, 16th largest Part 135 operator |
| Victor | Sep. 2017 | Raises $10 million from BP Ventures |
| Zetta Jet | Sep. 2017 | Bombardier Global Express operator Zetta Jet files for Chapter 11, then 7 amid fraud charges |
| StarJets International | Sep. 2017 | Blue Star Jets co-founder Ricky Sitomer acquires Advanced Defense Technology in a reverse merger |
| VistaJet | Aug. 2017 | Raises $150 million from Rhone Capital |
| JetSmarter | Aug. 2017 | Raises undisclosed funding from Clearlake Capital Group, L.P., and Leucadia National Corporation |
| Wheels Up | Jul. 2017 | Secures $90 million in debt financing from KKR |
| Stratajet | Jun. 2017 | After raising $8 million to develop real-time charter bookings, Stratajet shutters |
| Surf Air | Jun. 2017 | Buys Texas-based shared flight operator RISE |
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