Jet Edge’s Papariella departs Vista Global

VistaJet Jet Edge

Former Jet Edge CEO Bill Papariella has left Vista Global just months after it was announced he would head a new aircraft trading and brokerage unit

After being named to lead a new aircraft trading division in May, Bill Papariella has left Vista Global Holding.

Jet Edge expands fleet with $75 million from KKR

Jet Edge International

KKR has now invested $265 million in Top 10 charter operator Jet Edge in the past year

The new funds are being used for 20 additional large and super-midsize private jets

Charter operator Jet Edge International has raised an additional $75 million of funding from credit funds and accounts managed by KKR. The new funding expands KKR’s total credit and equity investments to $265 million over the past year. Last June, the private equity firm provided an initial $150 million credit facility.

Jet Edge breaks multi-million dollar ad campaign

Jet Edge Gulfstream

With KKR’s backing and a fast-growing fleet of large-cabin Gulfstream private jets, Jet Edge is promoting $36,500 coast-to-coast fixed-rates

Jet Edge is making a big move into building its direct-to-consumer business. It has launched a multi-million dollar ad campaign throughout the fourth quarter.

Jet Edge gains KKR $40 million preferred equity investment

Jet Edge International

KKR’s investment comes as Jet Edge reports jet card sales have surpassed $100 million

After providing $150 million in credit financing in June KKR has agreed to invest $40 million in preferred equity in Jet Edge International.

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