Jet Edge International is an Ohio-based private aviation firm that operates a super-midsize and large cabin management and maintenance platform, offering aircraft management, charter, on-demand charter, aircraft sales, and maintenance services. Its direct-to-consumer Reserve Membership program and AdvantEdge product lines have seen historic demand, driving rapid membership growth. Over the past 12 months the company reported 1,800% year-on-year growth in new member acquisitions. Jet Edge will use new capital to expand its Gulfstream and Challenger fleet; 27 aircraft were delivered in 2021 and 20 additional Gulfstream & Challenger aircraft are slated for delivery in the first half of 2022. The company says the deliveries will bring its total fleet size to 95 aircraft and support continued scaling of membership programs and national footprint expansion. Jet Edge International is an Ohio-based global leader in full-service private aviation, operating a large fleet of Challenger and Gulfstream jets for charter. The company offers aircraft management, charter management, on-demand charter, aircraft sales, and maintenance as an integrated super-midsize and large cabin operator and maintenance provider. Jet Edge has grown its Reserve membership rapidly, reporting 1,800% year-on-year growth in new member acquisitions and more than $100 million in membership deposits over the past year. The company recently added 27 state-of-the-art aircraft to its AdvantEdge fleet to expand member access. Jet Edge plans significant investments in technology and infrastructure, including optimized scheduling systems, AI-based programs to maximize fleet efficiency, and a dynamic mobile application to enhance the Reserve membership experience. The platform emphasizes award-winning safety programs and experienced operational leadership. Jet Edge is an integrated super-midsize and large-cabin aircraft management, charter, sales, and maintenance provider offering on-demand charter, charter management, aircraft management, and maintenance services. The company is rolling out its AdvantEdge whole-aircraft ownership and charter-management platform nationwide, a time-based model that tiers predetermined charter-hour blocks to provide predictable revenues and scheduling for owners. Jet Edge also operates a Reserve charter membership program designed to fuel demand for AdvantEdge aircraft and provide access to a diverse fleet when owners need supplemental capacity. The company has established an aircraft sales division, Jet Edge Partners, which has transacted over $2.5 billion to date. Leadership hires from NetJets helped develop the Reserve program, and management emphasizes operational scale and safety programs. Financially, Jet Edge secured a $150 million credit facility to support infrastructure, digital initiatives, Reserve membership growth, technology development, marketing, talent, and acceleration of its business lines. Jet Edge International operates an aviation management platform and charter service offering a full suite of services to aircraft owners, including flight operations, charter services, in-house maintenance and repairs, and help with aircraft sales and acquisitions. The company manages a fleet of more than 50 large-cabin and super-midsize aircraft, including Bombardier, Dassault, Embraer, and one of the world’s largest collections of Gulfstream jets. Led by CEO Bill Papariella, Jet Edge serves both corporations and ultra-high-net-worth individuals and employs over 425 people. The company raised $60M in a financing composed of equity and debt to support growth. It plans to use the proceeds to build additional infrastructure in new and existing markets and to offer additional value-added services to aircraft owners and charter clients. Jet Edge International operates a large-cabin and super mid-size Gulfstream-heavy charter and aircraft management fleet, offering aircraft management, charter management, on-demand charter, acquisition/sales, and maintenance services. The company has added 15 new aircraft in the past 12 months and now operates 18 large cabin and super mid-size Gulfstream aircraft plus one Lear 45, all available for charter. Jet Edge completed a new round of investment funding to support its rapidly growing fleet, enhance its operational platform, and pursue future acquisitions. It recently entered a joint venture with Hong Kong-based Asia Jet, becoming the exclusive FAA-registered operator for Asia Jet aircraft. Operational improvements underway include a shift to electronic flight bags (paperless EFBs) and other infrastructure changes intended to streamline flight operations. Jet Edge has received IS-BAO recognition, an ARGUS Platinum safety rating, and holds the Wyvern Wingman recommendation, placing it among a small group of global providers with those recognitions.

Total raised

$325M

Funding rounds

6

Latest round

Equity

Latest activity

Jan 2022