Jet Edge


Jet Edge Lays Plans for Giant Step in Aircraft Sales

by Kerry Lynch - Aviation International News

A few months after Jet Edge raised $60 million in debt and equity, the Van Nuys, California-based charter and management firm is poised to acquire an aircraft dealer as it moves to significantly build on the business of buying and selling aircraft.

The company expects to announce the acquisition shortly, and Jet Edge CEO Bill Papariella said, “that will be a big play for us.” In addition, the company has set aside a separate $50 million line of credit to use for its expansion in the dealer business, which it believes will then help to feed its management business.

Papariella, who formed Jet Edge eight years ago through the acquisition of a smaller firm that had a few Gulfstreams, said since then, “the direction has twisted and turned, but we’ve grown up in a lot of ways and thought it was time to ... Read More

With $60M in New Capital, Jet Edge Eyes Expansion

by Jerry Siebenmark - Aviation International News

Jet Edge International has raised $60 million in equity and debt to expand its services, as well as existing and new locations, the business aviation services provider and charter operator announced yesterday. The investment comes after Jet Edge moved into new California headquarters at Van Nuys Airport (VNY) last year and completed a more recent expansion at Teterboro Airport (TEB) in New Jersey that added 40,000 sq ft of hangar space and 4,000 sq ft of office space.

The new financing, led by Solace Capital Partners, will be used to build out additional infrastructure in new and existing markets, in addition to expanding the company's value-added services to aircraft owners and charter customers, it said. “The new partnership between Jet Edge and Solace Capital is about continuing our commitment to offering our clients the highest levels of service and safety,” said ... Read More

Professionalism in Aviation

Adam Parnes, Jet Edge's Director of Maintenance, is receiving the NBAA Dr. Tony Kern Professionalism in Aviation Award, at the 2018 NBAA National Safety Forum! Congratulations, Adam!

First awarded in 2016, the NBAA Dr. Tony Kern Professionalism in Aviation Award recognizes individual aviation professionals who have demonstrated their outstanding professionalism and leadership in support of aviation safety in the business aviation industry. Kern Award recipients have shown a continuous history of extraordinary participation in, or support of, professionalism in business aviation. They have exhibited leadership qualities and made significant contributions to the industry in the following categories of professionalism, as defined by Dr. Tony Kern:

Vocational Excellence
Professional Ethics
Continuous Improvement
Professional Engagement
Professional Image
Selflessness

Adam is receiving his award today at the 2018 NBAA National Safety Forum in Orlando, Florida.

Please join us in congratulating Adam! We could not be more proud of him!

Jet Edge Reaches Scale In Six Years, Delivering A Safe, Hassle-Free Luxury Private Jet Experience

“Start counting when you hear the engines—one-one thousand two-one thousand. Just count to five and then…see you later,” says Bill Papariella, CEO and founder of Jet Edge, as we taxi onto the Santa Rosa airport runway. Before I can complete the count to six, the Gulfstream is shooting upwards on the way home to Los Angeles.

“At 51,000 feet flying long range you can go up to the front of the plane and see the curvature of the earth. You’re sipping fuel because the air is so light the plane is like a missile. This plane costs $2400 an hour to operate at 51,000 feet,” says Papariella, whose company provides end-to-end global aircraft management specializing in large cabin aircraft, primarily Gulfstreams, an approach that has given Jet Edge a competitive advantage, driving down costs.

“I own the company outright with ... Read More

China's Minsheng Enters U.S. Leasing Market with Jet Edge

From Aviation International News (April 13, 2017)

Minsheng Financial Leasing held a signing ceremony on April 11 for the lease of three Embraer Legacy 650s to Jet Edge, marking its first such agreement involving U.S. operations. Jet Edge took delivery of the first of the Legacys at the end of March. All three of the super-midsize business jets are expected to enter service in the next three to four months, said Jet Edge CEO Bill Papariella.

The Legacys continue a rapid growth for the Los Angeles-based operator, which now has 55 aircraft in its fleet but is in the midst of adding 10 more. The agreement begins a partnership between Minsheng and Jet Edge that might lead to additional aircraft and different models, Papariella said. He indicated that Jet Edge is eyeing Gulfstream models next.

The company has expanded into a range of services, including a $100 million finance ... Read More

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