KKR to invest $40m in Jet Edge International.

KKR, a global investment firm, agreed to invest $40m in Jet Edge International, an Ohio-based global leader in full-service private aviation responsible for operating the largest fleet of Challenger and Gulfstream aircraft available for charter in the United States. Financial terms were not disclosed. "We are pleased to invest in the growth of Jet Edge as a premier scaled private aviation operator with a leading membership program and world-class super-mid and large cabin fleet. At a time when the private aviation industry is experiencing historically high demand, the Jet Edge team continues to impress us with its innovative solutions to age-old inefficiencies and strong operational execution," Dan Pietrzak, KKR Partner.