Jet Edge is now one of the largest business jet fleet operators and managers after its acquisition of Columbus, Ohio-based JetSelect Aviation closed yesterday. The acquisition expands the Jet Edge fleet to more than 85 aircraft, adds a range of new models—particularly in the super-midsize business jet segment—and rounds out its reach throughout the U.S.
The combined entity encompasses a fleet of large and ultra-long-range aircraft, including Boeing, Gulfstream, Bombardier, Dassault, and Embraer models, in addition to the super-midsize Challenger 300/350 and midsize Learjet 60. JetSelect brings 18 aircraft, more than half of which are Challenger 300/350s, but also includes the Learjet, and a Gulfstream, Falcon, and Global. With its base in Columbus, JetSelect provides strategic locations throughout the Central and Eastern U.S. and expands Jet Edge's domestic hub locations.
Jet Edge plans to leverage the additions by offering its point-to-point charter offering with its Gulfstream IV/Vs, along with the Challengers. In addition, the company said the combined fleets will benefit from its dedicated wholesale teams and partnerships.
"JetSelect CEO and founder Robert Austin has done an incredible job building an amazing team, a significant fleet of Bombardier-series aircraft, and the infrastructure to support the new fleet diversification,” said Jet Edge CEO Bill Papariella.
Jet Edge plans to retain the existing JetSelect Aviation team and maintain its Columbus-based operations. JetSelect will continue its existing business operations during a transition period over the next half-dozen months. Plans call for Jet Edge and JetSelect to eventually operate as one company and under a single Jet Edge International brand, Papariella said. “We’ll look at best practices from both teams and enhance operations accordingly,” with centralized combined operations planned for Columbus. Other teams will integrate, such as Customer Experience, as well as digital platforms.
The acquisition continues Jet Edge on a growth trajectory, following its move last year to expand its presence in the dealer business with the commitment of $100 million to its newly formed Jet Edge Partners aircraft sales unit.