Bond is also upgrading 24 of its existing aircraft options to the Global 8000 and has added four more firm orders for Bombardier.
Start-up Bond said it has expanded its commitment to Bombardier.
Per the new fractional ownership operator, that commitment is now up to $5 billion.
When Bond launched last October, the firm order was valued at $1.7 billion, with a value up to $4 billion based on various options.
Bond said it “is accelerating deliveries for 2027 within its existing aircraft order to meet demand.”
It is adding four new firm orders for Global aircraft.
Bond is also upgrading 24 of its existing aircraft options to Global 8000.
It retains the flexibility to convert them to Global 6500s.
Founder Bill Papariella said, “What’s driving Bond isn’t just demand – it’s conviction.”
He says, “Our founding members aren’t passive buyers,” adding, “They co-invested in the company because they believe this model should exist.”
Papariella appeared on CNBC’s Squawk Box this morning.
He said that many of its customers already have existing long-haul private jets and fractional shares for their companies.
His customers are using Bond for both supplemental lift and personal use.
Papariella said, “When some of today’s most prolific entrepreneurs, investors, and entertainers put capital behind the operator, not just the aircraft, that tells you something about how underserved the premium end of this market has been.”
Per the release:
‘The expansion comes as demand at the top of the private aviation market continues to outpace supply, particularly among owners seeking newer aircraft, a more customer-friendly ownership model, and highly personalized service. While fractional aviation has scaled by increasing mass-demand access to light and midsize aircraft types, Bond prioritizes exclusivity over scale in the super-mid to ultra-long-range types.’
Papariella said customers have an “appetite for a more premium ownership experience at the top of the market.”
Bombardier President and CEO Eric Martel commented, “This acceleration underscores the market’s high demand for bespoke business travel offerings and reflects Bond’s immediate success and confidence in Bombardier, our aircraft, and top-rated global service network.”
He added, “The Global family of aircraft, including the Global 8000, is recognized for its exceptional range, speed, and smooth ride, enabling unmatched productivity and comfort on all types of missions.”
Bond said, “All founding members have not only purchased fractional interests in specific aircraft, but have also co-invested in the company itself, aligning Bond’s first full year of aircraft owners with the company that operates the fleet.”
KKR has increased BOND’s credit facility to $290 million, according to the announcement.
Global Head of Private Credit Daniel Pietrzak said, “We’re proud to be invested in Bond and are confident in its ability to execute on this truly unique offering in private aviation.”
The launch included a 50-aircraft firm order and 70 purchase options from Bombardier.
There was an investment of $320 million in preferred equity and debt financing.
It was led by credit funds and accounts managed by KKR.
Bond said it has also raised $150 million in equity through its founding membership program and from KKR, bringing total funding to date to $440 million.
Bond’s first flight will be in 2027.
Papariella built Jet Edge into a top-10 charter operator before selling it to Vista Global in 2022.
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