LOS ANGELES--(BUSINESS WIRE)--Jet Edge International, an industry leading manager and operator of exclusively long-range and large-cabin private jets, announced today key business performance indicators that highlight the company’s success as one of the most dynamic and fastest growing operators in business aviation.
By total hours flown, Jet Edge is ranked eighth in Aviation Research Group’s “Top US Part 135 Operators” mid-year report, 2016. With nearly 9,000 charter hours flown on-fleet by the midpoint of the year, this ranking firmly establishes Jet Edge within the top 1 percent of more than 1,000 charter operators globally. Last month, Jet Edge ranked first by a magnitude greater than 10 percent when calculating average distance per flight segment, or cycle, on the company’s large-cabin fleet with 1,198 nautical miles per flight segment. Earlier this year, Jet Edge reached another key milestone by ranking within the top ten domestic charter operators of 2015 by charter hours flown throughout last year. In 2016, the company is on track to move within the top six domestic charter operators by total charter hours flown.
Since its acquisition in late 2011, Jet Edge has grown by double digits in nearly every business metric year-over-year, including revenue, staff members, and fleet size. Jet Edge has already added 13 charter jets to the company’s charter fleet in 2016, with another eight in the pipeline for delivery later this year. In June 2016 , Jet Edge announced that it had reached the coveted fifty aircraft milestone, positioning the fleet as the sixth largest charter company by fleet size and second largest exclusively large-cabin fleet in the U.S.
Greatly factoring in Jet Edge’s yearly growth and chart-topping performance are key partnerships they established this year, as well as the company’s existing partnership with business jet partner Asia Jet in Hong Kong. Additionally, newly established strategic marketing partnerships and large-volume supplemental lift agreements have increased the company’s flight activity by more than 40 percent this year, providing consistent charter revenue to both the company and Jet Edge’s aircraft owners.
“Five years post acquisition, Jet Edge has gained significant distinction by climbing to the top in the business aviation industry and surpassing prominent veteran operators in overall flight hours, safety policies, fleet size, and charter flight activity,” said Bill Papariella, chief executive officer of Jet Edge.
Jet Edge also added several new key personnel in management, flight operations, and sales this year.
“As our company grows, we’re reminded of the outstanding contributions that every member of our staff brings to Jet Edge, further ensuring our success,” added Geoff Makely, executive vice president and general manager for Jet Edge. “The company absolutely embodies the modern workplace by providing an environment that welcomes new ideas from every staff member, invests in cutting edge resources across every department, and fosters both employee and client loyalty.”
About Jet Edge International
Jet Edge International, a Bard Capital Company, is a leader in full-service global private aviation. As an integrated large-cabin management operator and maintenance provider, Jet Edge services aircraft owners with a world-class operational platform and extends individual clients and corporations 365-day-a-year access to one of the most diverse and luxurious aircraft fleets in the world. Backed by unparalleled award-winning safety programs and overseen by a leadership team with over 500 years of collective aviation experience, Jet Edge delivers excellence in aircraft management, charter management, on-demand charter, aircraft sales, and maintenance.