October 22, 2025
Bill Papariella promises his new Bombardier-exclusive fractional Bond will shake up the industry with 50 firm orders and 70 options.
There will be no jet cards or on-demand charter at Bond, the Bombardier-exclusive fractional announced today.
You also won’t find any light or midsize jets.
Bond is the new venture of Bill Papariella.
It also reveals the former Jet Edge boss as the mystery customer behind June’s $1.7 billion order with the Canadian OEM.
Papariella scaled the Van Nuys-based flight provider into the nation’s 8th-largest private jet operator based on fractional and flight hours.
In 2022, he sold Jet Edge to Thomas Flohr’s Vista Global.
The promise is “a new category in private aviation defined by unsurpassed quality, high-touch service, capital-efficient ownership, and the lowest owner-to-aircraft ratio in the industry.”
The agreement with Bombardier calls for 50 factory-new Challenger 3500 and Global 6500 aircraft.
There are options for 70 more Challenger and Global private jets.
With those additional aircraft, the purchase could exceed $4 billion.
Bond plans to limit the number of owners to 10 per aircraft.
Typical shares can have as many as 16.
The fleet will be “reserved only for fractional owners – no jet-cards or charter dilution.”
Bond promises “standby capacity, increasing reliability, with reserved aircraft pre-positioned to cover peak customer demand.
There will be flight attendants on every flight, including on super-midsize jets —a first for fractional programs.
VistaJet offers flight attendants on its super-midsize and long-range jets as part of its guaranteed jet card-like subscription programs.
Pilots, get your resumes out.
Bond says its cockpit crews will be “the highest-paid and most experienced.”
Membership will be “evergreen with an intelligent capital-efficient design.”
Sales are expected to start later this year with deliveries in 2027.
KKR returns to partner with Papariella.
Bond announced $320 million in preferred equity and debt financing led by credit funds and accounts managed by KKR.
KKR was a key backer of Jet Edge.
The firm provided Jet Edge $265 million in credit and equity investments in 2020 and 2021.
There is also $30 million of equity funding from a group of founding partners.
Papariella, who is Chairman and Group CEO, says, “We created Bond to deliver on the promise of what private aviation always was meant to be — personalized, predictable, and with exceptional levels of service.”
He continues, “We are not building for scale. We are building for the select few who expect service perfection every time they fly.”
KKR Director Patrick Clancy adds, “We believe Bond represents the next evolution in private aviation – a model that prioritizes quality, service, and efficiency over scale.”
He says, “In collaboration with Bombardier and with a proven management team at the helm, Bond is well positioned to set a new standard for premium private travel.”
Bombardier President and CEO Éric Martel says, “This agreement goes beyond an aircraft order; it marks a first-of-a-kind, uniquely integrated service collaboration.”
The agreement with Bombardier also creates “a first-of-a-kind, fully integrated OEM–operator service agreement to maximize uptime and provide exceptional operational reliability.”
Included are on-site maintenance resources dedicated solely to the Bond fleet.
After exiting Vista, Papariella returned to the space with Aero Ventures in 2024.
Last month, he announced the Aero Ventures online portal, which he described as “the aviation world’s equivalent of Zillow, Edmunds, Carfax, and Carvana combined.”
Today’s announcement pits Papariella against the super-midsize and large-cabin offerings from NetJets, Flexjet, and VistaJet.
Flexjet Chairman Kenn Ricci recently hinted he may segment his top-tier Gulfstream offerings in the future.
As of October, NetJets had 85 Global long-range jets.
It also had 88 Challenger 350/3500s, plus 58 Challenger 650s.
Vista still operates many of the Gulfstreams and Challengers it acquired from Jet Edge.
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