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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.
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 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.
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.