Jet Edge International, the Ohio-based private aviation company, has raised an additional US$75 million of funding from credit funds and accounts managed by KKR. The new funding expands KKR’s total credit and equity investments in Jet Edge to approximately US$265 million over the past year. Following the initial US$150 million credit facility announced in June 2021, KKR has continued investing in Jet Edge amidst historic demand for its direct-to-consumer Reserve Membership programme. Jet Edge will utilize the funding to further expand the company’s extensive large-cabin and super-mid-size fleet.
The latest round of capital for Jet Edge follows the company’s successful launch of its Reserve jet card membership programme. Jet Edge added 27 additional charter aircraft to its fleet in 2021, with 20 more aircraft slated to be added in the first half of 2022, bringing its total to 95 private jets. (£1.00 = US$1.37 at time of publication)
