Jet Edge adds 27 Challenger 300/350/650s, Gulfstream G450s

Jet Edge International

In a market short of supply, Jet Edge International is adding 27 super-midsize and large cabin private jets that will be flying by December. Here’s how…

Charter operator Jet Edge International has used its $150 million war chest from KKR to quietly snap up 11 Bombardier Challenger 300 and 350 super-midsize jets, five Challenger 650s, and 11 large-cabin Gulfstream G450s. It is also finalizing an order for 15 to 20 new super-midsize and large jets. Deliveries will start at the end of next year.

Biggest Part 135 private jet charter companies for 2020 ranked

Largest private jet charter operators 2020

Argus TRAQPak’s list of the largest U.S. private jet charter operators highlights the active mergers and acquisitions market

Argus TRAQPak’s list of the 25 largest U.S. Part 135 private jet operators ranked by flight hours highlights the industry’s frenetic merger and acquisition activity. Ten of the private jet charter operators were involved in transactions. Part 135 includes on-demand and jet card flights

Private jet charter operators ripe for mergers and consolidation

private aviation mergers

Expect more mergers and consolidation with Part 135 private jet charter operators, says one investment bank

The Part 135 private jet charter market is ripe for consolidation and outside investment. That’s according to Brooks Crenshaw, managing director of Balmoral Advisors.

Wheels Up gets $74 million in CARES Act funds

Wheels up Citation X

Wheels Up Partners Holdings LLC incorporates Wheels Up, Gama Aviation Signature, Delta Private Jets, TMC Jets, and Avianis

If it’s Friday night, it’s a good time to check the Treasury Department’s website for updates about CARES Act awards. Tonight’s reveal showed on June 10 a payroll support agreement providing $74.2 was executed with Wheels Up Partners Holdings LLC.

%d bloggers like this: