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Charter operator Jet Edge International has used its $150 million war chest from KKR to quietly snap up 11 Bombardier Challenger 300 and 350 super-midsize jets, five Challenger 650s, and 11 large-cabin Gulfstream G450s. It is also finalizing an order for 15 to 20 new super-midsize and large jets. Deliveries will start at the end of next year.
Vista Global is moving into branded aircraft management, launching XO Aircraft Management Powered By Talon Air. It follows rival Wheels Up Experience, which formed branded whole aircraft sales and management after acquiring Delta Private Jets and Gama Aviation Signature.
Jet Aviation announced today that it acquired ExecuJet’s Zurich FBO and hangars and Luxaviation’s Swiss aircraft management and charter division. With this acquisition, the company adds a second FBO in Zurich. There are also two private ramps, two hangars, and 17 managed private jets. Jet Aviation is a unit of General Dynamics, which also owns Gulfstream Aerospace.
Los Angeles-based Jet Edge plans to shake up the world of aircraft management, which it claims “lacks innovation.” Its rebranded AdvantEdge program, relaunched this morning, will fly on the back of a $150 million credit facility from KKR.