KKR Announces $40 Million Investment in Jet Edge International
KKR has announced a $40 million investment in Jet Edge International, a leader in private aviation. This follows KKR's earlier financing of $150 million this year. The investment aims to support Jet Edge's member program and expand its fleet, enhancing its technology and infrastructure.
Jet Edge is experiencing significant growth, reporting 1,800% year-on-year increase in new member acquisitions and over $100 million in membership deposits in the past year, reflecting strong demand in the private aviation market.
- KKR's $40 million investment follows a $150 million earlier financing, indicating strong financial backing.
- Jet Edge reported a 1,800% year-on-year growth in new member acquisitions, showcasing its expanding market presence.
- The company recorded over $100 million in membership deposits, indicating robust demand and member confidence.
- None.
New Equity Investment Follows
The new investment will support the growth of Jet Edge’s Reserve membership program and rapidly 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
“We are excited to expand our financing commitment with a preferred equity investment in Jet Edge and look forward to supporting their continued success,” said
“We’ve successfully executed numerous growth initiatives driven by KKR’s initial financing and are excited to continue to build our platform with this new investment,” said
The Reserve membership offers priority access to Jet Edge’s portfolio of private flying options at unmatched value, streamlining the chartering process and providing extraordinary simplicity and flexibility to frequent private aircraft flyers. Members have access to exclusive benefits, including bonus flight credits, catering and elite benefits through Jet Edge’s global partnerships with
Jet Edge has achieved 1,
About KKR
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The
About Jet Edge
Jet Edge is a leader in full-service global private aviation. As an integrated super-midsize and large cabin management operator and maintenance provider, Jet Edge services aircraft owners and charter flyers with a world-class operational platform and extends individual clients and corporations 365-day-a-year access to one of the most diverse and luxurious aircraft fleets in the world. Backed by unparalleled award-winning safety programs and overseen by a leadership team with wide-ranging experience in commercial and private aviation operations and management,
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Source: KKR