Kkr Investing $150M Into Private Aviation Firm Jet Edge

by businessinsider.com posted 1month ago 10 views
Summary List PlacementPrivate equity firm KKR is private aviation's newest benefactor having just invested in Jet Edge, a California-based private aviation management firm that specializes in heavy jet aircraft from Gulfstream and Bombardier, in a deal announced on Tuesday. Jet Edge now has access to a $150 million credit facility from KKR's funds. The private jet firm intends to use the investment to expand its technological infrastructure and develop a new aircraft ownership scheme, known as AdvantEdge, as private aviation continues to enjoy a rapid pandemic recovery.

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