Asia Jet & Jet Edge International Announce Collaborative Fleet Expansion

Asia Jet, the Hong Kong based Charter Management and aviation leader in Asia, has joined forces in a strategic relationship with Jet Edge International; one of the fastest growing Charter Management Companies in the US. The deal makes Jet Edge the exclusive aircraft operator for all Asia Jet aircraft under their Federal Aviation Administration (FAA) registry.

Asia Jet has been duly appointed the exclusive sales and marketing agent in Asia for Jet Edge's U.S. based fleet which it now offers within its charter program, to its Asia based clients when they require US domestic jet charters. Asia Jet also enjoys a shareholding partnership with Jet Edge, and Asia Jet's Chief Executive Officer Mike Walsh was recently appointed to Jet Edge's Board of Directors.

"We evaluated a number of potential aircraft charter management companies to work with in the U.S. and found that Jet Edge International had the right mixture of experience and expertise to satisfy our requirements and our clients' needs," said Walsh. "We decided to take it one step further and invest in Jet Edge as we are pleased with the early results and progress to-date and look forward to growing our aircraft management presence and product offerings in Asia with the assistance of Jet Edge."

"We've been working on this business plan over the past 12 months together, as we knew that China would be a future growth area for our company," said Bill Papariella, president of Jet Edge International. "Asia Jet and their shareholders have provided a significant existing platform from which we can grow and execute our strategy. With four aircraft already available I expect Asia Jet, in coordination with Jet Edge, to grow our collective businesses exponentially, but also responsibly."

With their collaboration, the two companies have built a business model that provides private aircraft owners in Asia with a strong, sustainable and flexible platform, as well as expanded fleet access to large cabin jets for private jet travelers in both the Pacific Rim and the United States. Immediately available for charter in Asia are four Gulfstream aircraft: a G-IVSP; a G300 and two G200s, with multiple aircraft in the pipe-line thanks to significant interest from local aircraft owners who wish to have their assets managed efficiently.

All aircraft in the Asia Jet fleet under FAA registry will be operated and maintained on Jet Edge's Air Carrier Certificate, while Asia Jet will continue to be responsible for the sales and marketing of its on-demand charters, card programs, aircraft acquisition, consultancy and aircraft management services.
Papariella added, "We are excited to finally capitalize on a business plan that was well thought out prior to adding aircraft. Asia Jet has spent significant amounts of time, energy and capital to develop a strong business model that has sustainable elements and we are pleased to support their long term vision.

Sourced: etravelblackboardasia