Jet Token secures $40 million commitment for post-IPO funding

Jet Token

Start-up fractional and jet card provider Jet Token arranges $40 million investment commitment from GEM Global Yield Services

Las Vegas-based Jet Token Inc. said it has entered into a $40 million investment commitment from GEM Global Yield LLC SCS.

Surf Air sets SPAC, agrees to merge with Southern Airways

Surf Air

Surf Air Mobility said it is moving forward with its SPAC and will merge with Southern Airways in deals that will give it a $1.42 billion value

Surf Air Mobility said it has entered into a definitive agreement, subject to closing conditions and regulatory approval, which will result in a merger with Southern Airways Corporation, parent company of Southern Airways.

Wheels Up closes Air Partner acquisition

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According to a notice on its website, Air Partner is now part of Wheels Up

Wheels Up closed on its acquisition of U.K.-based Air Partner. The $107 million deal was announced earlier this year on January 27.

GrandView Aviation acquired by Global Medical Response

GrandView Aviation

Medical evacuation power player Global Medical has acquired organ transport specialist GrandView Aviation

Medical evacuation specialist Global Medical Response has acquired Baltimore-based GrandView Aviation. The deal includes its 130 employees and fleet of Phenom 300 light jets. It’s the seventh M&A deal involving private jet charter operators and brokers so far in 2022.

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