Start-up fractional Bond confirms it raised an additional $44 million

Bond, the new fractional private jet company, has now raised nearly $400 million in financing in advance of its 2027 flight launch.

By Doug Gollan, 1 hour ago

A spokesperson for Bond has confirmed that the start-up fractional ownership program has raised an additional $44 million.

News of the funding came via an Axios report earlier today.

The website reported the raise came from “a group of ultra-wealthy individuals.”

The latest funding follows an intake of $30 million from “founding partners” earlier this year and $320 million in preferred equity and debt via KKR.

In total, Bond has nearly $400 million in financing.

Since fractional programs entail members buying shares of airplanes, the financing is likely meant to back initial orders and start-up costs.

During the NBAA conference in Las Vegas back in October, Bond revealed itself to be the mystery customer behind a June $1.7 billion order with Bombardier.

The order is for super-midsize Challenger 3500s and ultra-long-range Global private jets.

The spokesperson declined to provide any additional information, except to say, “The numbers in the Axios report are correct.”

Former Jet Edge CEO Bill Papariella is behind Bond.

Since selling Jet Edge to Vista Global and then departing, he also launched the aircraft trading platform Aero Ventures.

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