Private Jet Firm Receives $50M Capital To Expand Globally

Many companies in the private-aviation industry are ramping up their marketing efforts by pushing the envelope. They're attempting to lure the niche segment of consumers that frequently fly privately by offering a value-driven proposition that will lead these charter, fractional ownership, and brokerage outfits to increasing their market share. It is a buyer's market and is a good time to be shopping for deals, as the prevailing market conditions favor such scrutiny.

One such airline is Elite Aviation. The organization is a global private jet company that recently closed on a $50M growth capital commitment. It will use the money for strategic growth initiatives on a global scale, which includes an expansion of its fleet, the acquisition of companies that complement its core business, and investments in related industry segments. Maintenance operations, luxury concierge services, aircraft-sales operations, and commercial aircraft charter operations are being bolstered by the cash infusion.