Jet Edge Receives Additional $40M Investment from KKR

  • A word from Dan Pietrzak, a partner at KKR about the investment in Jet Edge
  • What Jet Edge will put this investment towards

Global investment firm KKR today announced it has agreed to invest $40 million in preferred equity in Jet Edge International, an Ohio-based full-service private aviation company. Jet Edge has the largest operating fleet of Challenger and Gulfstream aircraft available for charter in the United States. KKR is making the investment in Jet Edge through its credit funds and accounts focused on asset-based finance opportunities. The investment follows KKR’s $150 million credit investment in Jet Edge announced earlier this year.

The new investment will support the growth of Jet Edge’s Reserve membership program and expanding fleet. Jet Edge will also continue to make advancements in its technology and infrastructure, including optimized scheduling systems, artificial intelligence-based programs to maximize fleet efficiency, and a dynamic mobile application, all to further enhance the Reserve membership experience.

“We are pleased to invest in the growth of Jet Edge as a premier scaled private aviation operator with a leading membership program and world-class super-mid and large cabin fleet,” said Dan Pietrzak, Partner at KKR. “At a time when the private aviation industry is experiencing historically high demand, the Jet Edge team continues to impress us with its innovative solutions to age-old inefficiencies and strong operational execution.”

Leave a Reply

Your email address will not be published. Required fields are marked *