Vista Global is acquiring Jet Edge, the 8th largest operator in the U.S. measured by fractional and charter flight hours
Vista Global Holding is making its second major acquisition in 2022. It has reached an agreement to acquire Jet Edge, the 8th largest North American operator based on charter and fractional hours. It follows a February agreement to buy Air Hamburg. The possibility of the Vista-Jet Edge deal was first reported by Private Jet Card Comparisons last month.
Jet Edge will debut a guaranteed availability jet card starting at 75 hours on Challenger 300/350s, 605/650s, and Gulfstream GIVSP/450s
According to several subscribers of Private Jet Card Comparisons, fast-growing Jet Edge is launching its first guaranteed availability jet card membership later this week.
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
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.
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.