Showing posts with label Jet Edge. Show all posts
Showing posts with label Jet Edge. Show all posts

Saturday, 19 February 2022

Jet Edge Announces Cue Health Molecular COVID-19 Testing For Flight Crews and Worldwide Operations


Jet Edge announced this week that it has entered into an agreement with Cue Health, a first of its kind in the industry. Cue Health will provide all Jet Edge flight crews and global teams routine access to real-time COVID-19 molecular self-testing with instant results. Jet Edge is the first private aircraft operator to adopt a molecular self-testing solution, a game-changer for the industry.

The Cue test uses nucleic acid amplification technology to provide lab-quality COVID-19 test results from any location in 20 minutes. Based on current clinical studies submitted to the FDA, it is the most accurate self-test for COVID-19 and can detect all known COVID-19 variants, including Omicron. Cue’s lab results are directly connected to mobile devices so that critical safety information can be easily accessed and acted on immediately. The test can be used on adults and children over 2 years, with or without symptoms.

“Cue’s breakthrough testing technology allows Jet Edge to further our commitment to the health and safety of our passengers and crews,” said Jonah Adler, Chief Commercial Officer of Jet Edge. “Rather than relying on ever-changing messages from guideline groups, we are now giving each of our employees their own Cue reader and cartridge for daily testing. Their results are fast and actionable. Knowing who is positive and negative each morning greatly lessens our logistical challenges and keeps our passengers and employees even safer.”

Saturday, 29 January 2022

Jet Edge Expands Reserve Charter Membership US Nationwide


Jet Edge International, the Ohio-based private aviation firm, announces the company's Reserve Charter Membership program benefits will expand to a full nationwide footprint. Prior to rolling out nationwide, the Jet Edge Reserve program typically served major cities within the United States on a program pricing basis. All of the benefits of membership, including its hourly pricing and trans-con programs, have been opened up to all U.S. markets, excluding Alaska.

The announcement follows Jet Edge receiving approximately $265 million in total credit and equity investments from KKR over the last year.

Available in all U.S. locations, trans-con program pricing is now offered to Reserve members for 4+ hour flights, starting at $39,900 for the Challenger/Gulfstream aircraft to and from any city pairs in the U.S.

Jet Edge has 20 additional Gulfstream & Challenger aircraft slated to be delivered in the first half of 2022 in addition to the 27 delivered in 2021, bringing its total fleet size to 95 aircraft.

Steve Malvesta, Chief Business Officer at Jet Edge International, said: “With new deliveries expanding to 45 from the original 27 in 2021, it made sense to expand our Reserve membership program to include all U.S. markets. On the heels of the nationwide roll out, I would also expect to see a guaranteed availability, fixed hourly subscription Challenger product from Jet Edge to be launched by Q2 of this year on the Challenger fleet.”





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Monday, 24 January 2022

Jet Edge to Establish Teterboro Airport Base With Signature Aviation

The agreement will provide a dedicated base for AdvantEdge aircraft owners in New York City and provide an enhanced pre-flight experience for Jet Edge program members.


Signature Aviation, the world’s largest network of Fixed Base Operations (FBOs), and Jet Edge International, a leader in full-service global private aviation, have signed an agreement to occupy Signature’s East facility at Teterboro Airport (TEB) in New Jersey. The New York City area base will grant Jet Edge charter program members, aircraft owners, and its fleet access to dedicated hangar and maintenance space at one of the world’s busiest private aviation airports.

A re-envisioned FBO interior is part of a long-term agreement for a 44,000 sq. ft. portion of Signature Teterboro East’s Hangar 202, as well as associated office and workshop space. The introduction of the New York area base will enhance Jet Edge’s offerings in one of the most significant business aviation markets worldwide, guaranteeing consistency and privacy for passengers embarking via one of its private aircraft, in addition to providing benefits for Jet Edge AdvantEdge plane owners.

“We are delighted to welcome Jet Edge to its new home at Signature Teterboro East,” expressed Virasb Vahidi, Chief Revenue Officer of Signature Aviation. “Signature is focused on offering exceptional experiences and essential support services to business and private aviation customers. Our large-scale infrastructure footprint is a key enabler of travel and our expertise in private aviation handling and real estate is a catalyst for driving mutual value with our partners. We look forward to working with Jet Edge in one of our key geographic markets.”

Bill Papariella, CEO of Jet Edge, adds “The New York metropolitan area has been the largest market trailing 3 years for Jet Edge and compliments our already established Signature facility in Los Angeles. New York will be a strategic focus for Jet Edge in 2022 and beyond. We couldn’t be more excited to partner with Signature to provide our clients coast to coast access to a dedicated facilities at Teterboro and Van Nuys.”

Jet Edge anticipates occupying its new leasehold in Q4 2022. For more information, please visit www.signatureaviation.com


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Saturday, 15 January 2022

Jet Edge International Receives Further Investment from KKR


$75 million in new funding to support continued business growth, adds 20 new Challenger and Gulfstream aircraft.

Jet Edge International, the Ohio-based private aviation company, has raised an additional $75 million of funding from credit funds and accounts managed by KKR. The new funding expands KKR’s total credit and equity investments in Jet Edge to approximately $265 million over the past year.

Following the initial $150 million credit facility announced in June 2021, KKR has continued investing in Jet Edge amidst historic demand for its direct-to-consumer Reserve Membership program. Jet Edge will utilize the funding to further expand the company’s extensive Gulfstream and Challenger fleet.

“With KKR support, Jet Edge has grown the Reserve Membership program to record numbers,” comments Jet Edge International CEO Bill Papariella. “KKR’s most recent investment in Jet Edge speaks to its confidence in our mission to deliver scaled private aviation solutions with industry-leading service and new capital to support those efforts with continued fleet growth.”

Jet Edge has 20 additional Gulfstream & Challenger aircraft slated to be delivered in the first half of 2022 in addition to the 27 delivered in 2021, bringing its total fleet size to 95 aircraft.

Patrick Clancy, Director at KKR, said: “In a challenging environment, the Jet Edge team are executing on their strategy and have delivered impressive growth for the business in 2021 while maintaining a disciplined operating platform that puts their customers first. We are excited to increase our investment in order to further support the growth of Jet Edge’s fleet as they continue to expand their innovative Reserve membership and AdvantEdge product lines.”


In the past 12 months, Jet Edge has achieved 1,800% year-on-year growth in new member acquisitions. Jet Edge has solidified the company’s national footprint while providing a solid foundation to grow future membership programs.

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities.

Jet Edge is a leader in full-service global private aviation. As an integrated super-midsize and large cabin management operator and maintenance provider, Jet Edge services aircraft owners and charter flyers with a world-class operational platform and extends individual clients and corporations 365-day-a-year access to one of the most diverse and luxurious aircraft fleets in the world.





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Sunday, 22 August 2021

Jet Edge International Is Adding 27 New Aircraft to Its AdvantEdge Fleet


After a record-setting first half of 2021, Jet Edge is excited to announce the addition of 27 state-of-the-art aircraft to its AdvantEdge fleet. The Bombardier Challenger 300/350 (16) and Gulfstream G450 (11) aircraft will all be flying by the end of the year, bringing the total available aircraft for charter in the AdvantEdge fleet to 74 (38 Challengers and 36 Gulfstreams). The new additions will have an average age of less than 10 years old and will include new paint, interiors, and upgraded state-of-the-art cabin technology systems. The cabins will include Gogo 4G streaming Wi-Fi, Bluetooth controlled sound systems, updated USB charging ports, HD Airshow, in-flight entertainment options, and more. The new deliveries started in earnest in July of this year and will be delivered in their entirety by December 15th.

At a time when the industry is experiencing historically high demand and record low inventory, Jet Edge is thrilled to provide customers with these highly sought after, industry-leading aircraft types.

“Mid 2020, our senior teams saw availability as a gating item post-vaccine roll out and knew we had to get ahead of the curve via our new AdvantEdge program, which sold out within 90 days of announcing the new product,” comments Jet Edge International CEO Bill Papariella. “As many private jet travellers face waitlists, halted fractional sales, and phased out aircraft product offerings, Jet Edge is providing access to these state-of-the-art Challenger and Gulfstream models before year-end.”

On the heels on of its recent KKR transaction, Jet Edge is squarely focused on positioning the company to take advantage of unprecedented marketplace conditions with its revolutionary AdvantEdge simplified ownership model and Reserve charter product, which provides extraordinary access to the fleet.

“The AdvantEdge and Charter Reserve program response has been a game-changer for our company and our clients. We have not only strengthened our position in the market, but solidified relationships with our OEM partners along the way to ensure best in class operations,” Jet Edge International CEO Bill Papariella continues. “This isn’t just about high demand and adding planes to the fleet. These fleet additions truly drive value across our platform for all stakeholders in a meaningful way.”



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Wednesday, 9 June 2021

$150M Investment for Jet Edge International

Jet Edge International, a global leader in full-service private aviation responsible for operating the largest fleet of managed Challenger and Gulfstream aircraft in the United States, and KKR, a leading global investment firm, today announced that credit funds and accounts managed by KKR have agreed to provide a credit facility of up to $150 million to Jet Edge. 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 optimizing 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.

“Jet Edge is thrilled to partner with KKR as we continue to strengthen and grow our platform,” said Bill Papariella, CEO of Jet Edge. “As part of our continued focus on delivering innovative solutions to our clients, we are excited to officially unveil the Jet Edge AdvantEdge program – the first whole aircraft ownership solution that is a true alternative to both fractional ownership and the antiquated traditional aircraft management model. Never before has the plane ownership experience been as forecastable and predictable as it is with AdvantEdge.”

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 utilization performance.

Thursday, 6 May 2021

Jet Edge and Montage International strategically align to provide clients, hotel guests, and residential owners best-in-class travel experiences to remarkable destinations across the globe

Jet Edge, the private aviation company and Montage International, an ultra-luxury hospitality management company, have announced a global partnership that is designed to deliver the most elite private aviation offerings to travellers visiting any of the esteemed Montage Hotels & Resorts, Pendry Hotels & Resorts, and Montage and Pendry Residences across the globe. 

The collaboration marks Jet Edge’s first-ever global partnership with a hospitality company and the first global aviation partner for Montage International.

Jet Edge’s fleet of private jets are routinely used by ultra-high net worth individuals and notable public figures, are available to Montage International guests and residential owners travelling to any property within the collective portfolio. Jet Edge owners, Reserve members, and charter flyers with a confirmed Montage or Pendry reservation, will enjoy special charter rates on flights to all Montage International destinations. In addition, this program provides further amenities, premier in-flight experiences, and access to exclusive luxury events and offers courtesy of Montage Hotels & Resorts and Pendry Hotels & Resorts. As always, travellers can expect the highest existing safety standards in private aviation and best-in-class service.

Tuesday, 20 April 2021

Jet Edge teams up with Gogo Business Aviation for 4G streaming Wi-Fi across its fleet

4G streaming Wi-Fi to be on the entire fleet by the end of the year. 


Jet Edge has agreed on a new partnership with Gogo Business Aviation to upgrade Jet Edge’s AdvantEdge and Managed super-mid and large cabin fleet to AVANCE L5, Gogo’s most popular connectivity system that delivers a robust inflight 4G Wi-Fi experience.

“Jet Edge is proud to partner with Gogo, the industry leader for high-speed Wi-Fi,” comments Bill Papariella, CEO of Jet Edge. “The AVANCE L5 system is truly a game-changer for connectivity in the air. Providing inflight streaming and overall faster speed is yet another way we are enhancing and evolving our fleet to deliver an exceptional private aviation experience for our clients.”

Jet Edge offers the most extensive and elevated selection of point-to-point super-mid Bombardier Challenger and large-cabin Gulfstream aircraft in the United States and will have the first-ever fleet to be entirely equipped with Gogo AVANCE L5. The conversion is slated for final completion by end of Q3-2021. The commitment to an all-AVANCE L5 Charter fleet has already begun, with over 20 aircraft now equipped with Gogo’s 4G Wi-Fi connectivity.

Thursday, 28 January 2021

Jet Edge forms partnership with Four Seasons Resorts Hawaii Collection

Jet Edge, the global leader in full-service private aviation, is proud to announce a new partnership with Four Seasons Resorts Hawaii collection. The collaboration combines elevated large-cabin private jet flights with island escapes at Four Seasons Resort Maui at Wailea, Four Seasons Resort Hualalai, Four Seasons Resort Lanai, Four Seasons Resort Oahu, and Sensei Lanai, A Four Seasons Resort. The ultimate tropical travel experience begins the moment travellers board a Jet Edge aircraft, where they will enjoy a special in-flight experience designed in partnership with Four Seasons Resorts Hawaii.

“Jet Edge always aims to exceed our clients’ expectations,” states Bill Papariella, CEO of Jet Edge. “We are excited to partner with the renowned Four Seasons brand to offer our clients exceptional in-flight and island experiences with the Four Seasons Resorts Hawaii. Our aircraft owners and charter flyers will enjoy unique benefits and experiences through our Four Seasons Resorts Hawaii collection partnership, as we continue working with leading brands that share our dedicated commitment to the highest level of service and safety.”