Sumary of After $4.5 Billion For Atlantic FBOs, KKR Pours A $150 Million Nightcap To Jet Edge:
- In Bryan Burrough 1989 epic, Barbarians at the Gate, the former reporter for The Wall Street Journal describes the leveraged buyout of RJR Nabisco..
- In the end, he loses the company to KKR, a private equity firm whose leaders, cousins Henry Kravis and George R..
- It followed that up with a $150 million nightcap, providing a credit facility to Los Angeles-based private jet management and charter firm Jet Edge..
- The money is being earmarked by CEO and founder Bill Papariella to drive the type of aircraft management offering that Johnson could have used after he exited the corner office..
- (Photo by Rachel Murray/Getty Images for Variety) getty Papariella says Jet Edge rebranded AdvantEdge management program for owners of large cabin and super-midsize private jets is being rolled out nationally and will “revolutionize”.
- Based on what they decide, they then give Jet Edge blanket approval to offer their aircraft on the charter market for 14, 28 or 52 weeks per year..
- If you don’t fly privately regularly, you may not be aware that the majority of aircraft for hire are managed – not owned – by the operator..
- The consumer, the broker and management company wait for the aircraft owner to get off the ski slopes or catch up on messages during a break at a corporate retreat in Dubai….