Tag: Jet Edge Bill Papariella

Vista Global, Flexjet parent Directional in discussions to buy Jet Edge?

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Vista Global Jet Edge

Multiple sources tell Private Jet Card Comparisons that Vista Global, Flexjet parent Directional Aviation and possibly other parties have been in acquisition discussions to buy Jet Edge

Jet Edge, Vista Global decline comment; Flexjet says, “We have no interest in acquiring Jet Edge.”

Multiple sources tell Private Jet Card Comparisons both Vista Global Holding and Flexjet, Sentient Jet parent Directional Aviation have been in discussions to acquire Jet Edge, the seventh-largest Part 135 charter operator in the U.S., in what would be the heated industry’s latest deal.

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Jet Edge expands fleet with $75 million from KKR

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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.

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Jet Edge breaks multi-million dollar ad campaign

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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.

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Jet Edge gains KKR $40 million preferred equity investment

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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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