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