KKR is again investing in Jet Edge International, and the operator is again expanding its fleet, using $75 million from credit funds and accounts managed by the private equity firm. The monies will bring onboard 20 additional super mid and large-cabin aircraft. Before adding 27 similar jets in the second half of 2021, Jet Edge was the eighth-largest private jet operator in the U.S., based on fractional and charter flight hours.
Today’s announcement brings KKR’s investment in Jet Edge to $265 million. Last year it spent $4.5 billion to acquire Atlantic Aviation, a chain of private jet terminals. Atlantic has since expanded via a merger with another FBO group,
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