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KKR is investing $150 million into private aviation firm Jet Edge in a deal that will rival NetJets and Berkshire Hathaway

Jet Edge private jet aircraft

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Private 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.

It’s at least the second high-profile investment that KKR has made into read more ⇒

Source:: BusinessInsider.Com

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