Twitter LinkedIn
    Friday, May 20
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»KKR invests USD150m in Jet Edge International
    Deals & Transactions

    KKR invests USD150m in Jet Edge International

    June 8, 2021Updated:June 8, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Funds managed by KKR, a global investment firm, have provided a credit facility of up to USD150 million to Jet Edge International (Jet Edge), a specialist in full-service private aviation responsible for operating the largest fleet of managed Challenger and Gulfstream aircraft in the United States.

    The funding will be used to support the acceleration of the Company’s broad infrastructure, digital initiatives, Reserve membership, and comes as Jet Edge rolls out its AdvantEdge charter management platform nationwide. Aimed at substantially optimising the inefficiencies found in the private aviation industry’s existing ownership and charter management procedures, AdvantEdge simplifies and enhances the financial predictability for whole ownership of large cabin and super-midsize aircraft with an innovative time-based model.

    The centrepiece of the AdvantEdge program is its holistic approach to delivering reliable charter revenue, scheduling, and fixed costs, which provides significant benefits to aircraft owners and charter clients alike. The AdvantEdge program works with aircraft owners to schedule out predetermined, dedicated blocks of charter hours in three distinct tiers for each enrolled aircraft, resulting in predictable revenues and schedules for the first time in the industry, as well as significant improvements to utilisation performance.

    Read more at Private Equity Wire

    Image Source

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    funds
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    AXA, Unilever, and Tikehau Capital team up to launch EUR1 billion impact fund to accelerate regenerative agriculture transition

    May 19, 2022

    Zolar closes €100m Series C led by EIP and GIC

    May 19, 2022

    Troob Capital Management holds $209m close of second Tactical Opportunities Fund

    May 19, 2022

    Top US antitrust enforcer pledges crackdown on private equity deals

    May 19, 2022

    Comments are closed.

    Other Articles

    Affiliate of Blackstreet Capital Holdings, LLC Acquires Red Apple Stores Inc.

    May 7, 2021

    CoStar Boosts Its Offer to Acquire CoreLogic to $6.9 Billion

    February 16, 2021

    BC Partners’ Acquisition of a Majority Stake in Davies

    March 20, 2021

    Audax Private Equity sells Smart Care Equipment Solutions to Zone Climate Services

    March 11, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?