Jet Edge Has Acquired 27 Private Jets After Securing $150 Million From KKR

Los Angeles-based Jet Edge International has acquired 27 super midsize and large cabin private jets. The announcement comes just a little over two months after the charter operator announced it had secured a $150 million line of credit from KKR.

The addition of 11 Challenger 300 and 350 super midsize jets, five large cabin Challenger 650s and 11 Gulfstream G450s was a surprise since the airplanes weren’t acquired in a single deal, but on a one-by-one basis beginning in January.

The move comes in a market where demand is outstripping supply. One aircraft broker says he was able to flip a Gulfstream jet like the ones Jet Edge

→ Continue reading at Forbes

[ufc-fb-comments url=""]

Latest Articles

Related Articles