Jet Edge International will use an additional $75 million of funding from private equity firm KKR to further expand its large-cabin and super-midsize jet fleet. (Photo: Jet Edge International)
Flying

Private Equity Firm Gives Another $75M To Lift Provider

Jet Edge International will use KKR’s investment to add 20 aircraft to its charter fleet.

Jerry Siebenmark
|
January 2022

Private lift provider Jet Edge International has captured an additional $75 million of funding from private equity firm KKR to further expand its large-cabin and super-midsize jet fleet. Over the past year, the Ohio-based aircraft charter, management, and brokerage company has received $265 million from KKR in credit and equity investments.

Last year, Jet Edge added 27 more aircraft. With this latest investment, it expects to add 20 more aircraft in the first half of 2022, which would bring its fleet to 95 jets. Jet Edge noted that it grew 1,800 percent year-over-year in new-member acquisitions, accounting for more than $180 million in membership deposits.

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