Fractional Start-up ‘Bond’ Ups Bombardier Order to $5B

Fractional start-up Bond has boosted its commitment for Bombardier aircraft under an agreement now valued at up to $5 billion and is planning to accelerate deliveries in 2027 to meet demand, the nascent company recently revealed.

During the NBAA-BACE convention in October 2025, Bond announced plans to launch a fractional ownership model using a fleet of 50 Bombardier Globals and Challengers under a $1.7 billion firm order that included options for up to 70 more, which could push the value of the deal to $4 billion. That agreement included comprehensive aircraft services.

In a release this morning, Bond said it had “achieved oversubscription” in the first three months and has expanded that commitment with additional firm orders for four Globals and the exercise of 24 of its existing options for Global 8000s—with flexibility to convert them to Global 6500s.

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Backed by a series of investors, including KKR, Bond is entering the fractional market with an aim to create an exclusive, personalized model that specializes in super-midsize to ultra-long-range jets. This includes offering fewer owners per aircraft, a members-only fleet, flight attendants on every flight, and premium interiors.

Bond did not detail plans for the initial accelerated deliveries but confirmed plans for the launch of operations in early 2027. To accommodate this, KKR increased Bond’s credit facility to $290 million, and the company separately has raised $150 million in equity through its founding membership program.

“Bond’s early momentum reflects the clear need they’re meeting in the market,” said Daniel Pietrzak, partner and global head of private credit at KKR.

“Our founding members aren’t passive buyers. They co-invested in the company because they believe this model should exist,” said Bond founder Bill Papariella. “When some of today’s most prolific entrepreneurs, investors, and entertainers put capital behind the operator, not just the aircraft, that tells you something about how underserved the premium end of this market has been.”