Jet Edge’s deal for JetSelect brings an 85 strong fleet mainly focused on large-cabin and super-midsize private jets
The merger may mean better terms for large cabin and super-midsize jet card offerings
The old year ended with Delta Air Lines announcing it was merging Delta Private Jets into Wheels Up. When the deal closes, it becomes Wheels Up’s largest shareholder creating a fleet of over 180 aircraft, mainly King Air, light and midsize aircraft.
The new year begins with Jet Edge International, a major player in large-cabin private jets, acquiring JetSelect Aviation. The deal creates a fleet of 85 aircraft.
Last February, Jet Edge announced it had raised $60 million to fund expansion and acquisitions.
Charter broker Paramount Business Jets makes a case for the
With the increasing profile of branded floating fleets – think Delta Private Jets,
JetSuite, VistaJet, Dumont Group, TMC, and Jet Edge – Virginia-based Paramount
Business Jets issued a press release to highlight the benefits of working
through a charter broker instead of directly with an operator.
Jet Edge, which specializes in the management of large and super-midsize aircraft, says it will use the funds for “a number of strategic initiatives.”
Jet Edge, a major player in the management of super-midsize and large-cabin private jets, said it has secured a $60 million investment from Solace Capital Partners to support its continued growth. The company said it has “grown significantly over the past several years.” It now has a fleet of 50 large-cabin and super-midsize aircraft, including Bombardier, Dassault, Embraer, and Gulfstream jets in its managed fleet with 425 employees.