After a record-setting first half of 2021, Jet Edge is adding 27 aircraft to its AdvantEdge fleet. The 16 Bombardier Challenger 300/350 and 11 Gulfstream G450 aircraft will all be flying by the end of the year, bringing the total available aircraft for charter in the AdvantEdge fleet to 74, comprising 38 Challengers and 36 Gulfstreams.
Aimed at optimising the inefficiencies found in the private aviation industry's existing ownership and charter management procedures, AdvantEdge says it simplifies and enhances the financial predictability for whole ownership of large cabin and super-midsize aircraft with a time-based model.
The new additions will have an average age of less than 10 years 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 15 December.
At a time when the industry is experiencing historically high demand and record low inventory, Jet Edge is pleased to have been able to source 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 programme, which sold out within 90 days of us announcing the new product,” comments 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 funding from global investment firm KKR – worth US$ 150 million – Jet Edge is focused on positioning the company to take advantage of unprecedented marketplace conditions.
“The AdvantEdge and Charter Reserve programme 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,” 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.”