Private equity and other investments into business aviation companies


Corporate Jet Investor research showing all investments into business aviation and helicopters going back to January 2003. The table is a uniqu source for company's looking for investors or possible acquistion targets.

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Corporate Jet Investor tracks all investments into private aviation companies.

We track all significant investments into business aviation and helicopters. If you would like the data as a raw excel sheet please email [email protected]


CompanySectorCountryInvestorInvestment dateCompany ValueEquity investmentNotes
CHC HelicopterOperator (helicopter)CanadaFirst Reserve29-Sep-11 $100 millionSecondary investment
PrivateFlyCharter brokerUKFoinavon Credit Fund.28-Sep-11 £1 millionPrivateFly investors include: Sam Friend, founder of, David Scowsill, president World Travel and Tourism Council, Richard Carrick ex-CEO of Hoseasons ( PrivateFly’s chairman),  Damon De Laszlo, and four other individuals.
RotorcraftUS USSankaty Advisors15-Sep-11  Sankaty is a fixed income and credit manager, not private quity
JetSuiteOperatorUSTony Hsieh13-Sep-11 $7 millionHsieh is founder of
Lobo Leasing                       Finance               USPerella Weinberg Partnersʼ Asset Based Value strategy fund02-Jun-11  Helicopter lessor
Air WorksMROIndiaElephant Capital18-May-11 $3.96 million (4.8% stake)India’s largest business jet MRO, also owns Air Livery.
JetSuiteOperatorUSDavid Neeleman, Arcadia Woods Partners4-Oct -2010  Claret Capital was early investor
Guggenheim Partners Business Aircraft InvestmentsFinanceUSGuggenheim funds, Directional Capital Sep-10  Undisclosed but aiming to build $1 billion portfolio. Different to GaFCo fund 
Milestone AviationFinanceIrelandThe Jordan Company (lead), Nautic PartnersAug-10 500Helicopter and business jet lessor
SinglePointFinanceUSAcorn Growth CapitalAug-10  New finance company specialising in smaller deals and old aircraft
Keystone Aviation ServicesOperatorUS Rizvi Traverse Management, LLC, Starwood Capital Group Global, LP,Aug-10  Under the terms of the transaction, Rizvi Traverse converted a portion of Key Air’s outstanding indebtedness, which it acquired from Key Air’s lenders in December 2009, into equity.  Starwood has acquired an approximately 50% interest in the remaining debt and converted equity.  As part of the transaction, both Rizvi Traverse and Starwood have committed to support the future growth of Key Air and help ensure its continuing financial strength.
Aircraft Investors Resources, Epic Air, Aircraft Completion ServicesManufacturerUSLT Builders Group08-Apr-106.5 Sold from Chapter 7.  Epic produces kit general aviation aircraft.
XOJETOperatorUSTPG Growth, OCL (Abu Dhabi)21-Oct-09 100TPG also provided $370 million debt facility
Flight OptionsOperatorUSDirectional Capital, Resilience Capital PartnersMar-09   
JetBirdOperatorIrelandMiddle East trading groupSep-08 15JetBird, a VLJ operator, failed to launch
Jet Support Services IncFinanceUSR.H. Book, LLC and 1848 Capital PartnersMay-08  Largest independent hourly maintenance company
CAMP SystemsInformationUSWarburg Pincus2008 38Part of the recapitalization of CAMP, second lien term loan.  Merrill Lynch Capital led the syndication of a term loan B. 
First Aviation ServicesFBOUSGoldman Sachs PIAMay-08  Runs a FBO at Teterboro in New York
JetBirdOperatorIrelandUnnamed Middle Eastern Trading Group15-Sep-08  Failed to launch               
Sentient JetOperator/CardsUSMacquarie Global Opportunities Partners28-Sep-08   
Privatair USOperatorUSGama Holdings (33% owned Growth Gate and Crescent Investments,18-Jul-08   
Keystone Aviation ServicesOperator/FBOUSRizvi Traverse Management, Starwood CapitalAug-08  Rizvi acquired company’s debt on  December 28, 2009. With this investment Starwood acquired half of debt and converted equity.
National Air ServicesOperator/FractionalSaudi ArabiaKingdom Holiding Company17-Jul-08  Abraaj Capital sold 30% stake
Jet RepublicOperator/FractionalPortugalEuropean American Investment Bank (Euram), Grupo Salinas,  Jonathan Breeze (founder), private investorsJun-08  Failed to launch
Eclipse AviationManufacturerUSEuropean Technology and Investment Research Center (ETIRC) Aviation.14-Jan-08 100Company filed for Chapter 11 on Nov 25 2007
Gama Holdings LtdOperatorUKGrowth Gate, Crescent Investment Ltd08-Jan-08  Acquired 33. Gama managed 33 aircraft at the time with $10 million EBITDA
Gama Middle East and AfricaOperatorUAEGrowth Gate, Crescent Investment Ltd08-Jan-08   
BJETSOperatorSingaporeBriley Group, The Indian Hotels Company Limited (IHCL) – part of Tata Group Feb-19-2008   
BlinkOperatorUKSir Peter Ogden, Celox SA, one other10-Dec-07 30Heller Ehrman (Europe) LLP advised Blink
Empire Aviation Group Operator UAEDubai International Financial Centre Investments, Zabeel11-Nov-07  Undislcosed but “strategic stake”
Guggenheim aero Finance Company (GaFCo)FinanceUSGuggenheim Partners, UBS01-Jun-07  Formed with plan to securitise portfolio
Pegasus Elite AviationOperatorUSMerrill Lynch, Pegasus Blue Star Fund.01-Aug-07400  
Flight OptionsOperatorUSH.I.G. CapitalNov-07  Acquired from Raytheon. Deloitte advised Raytheon
Nextant AerospaceManufacturerUSDirectional CapitalLate 2007 $24 millionprogramme to upgrade Beechjet 400A Hawker 400XPs
 ConversionUSLehman Brothers2007  Failed to acquire CRJ aircraft for a CRJ 200 airliner to business jet conversion programme
Hemisphere 200XRConversionUSTailwind Capital LLC, Global Principal Finance Co (Merrill Lynch)2007  CRJ 200 airliner to business jet conversion programme
ExecuJetOperator/FBO/MROEurope, South AfricaDermot Desmond17-May-07  Acquired 50%. Possibly funded with proceeds from sale of London City Airport.
DayJetOperatorUSnew investors including eight institutions and private equity funds as well as numerous individuals06-Mar-07$50 Third funding round organised by Raymond James. Fourth round unscuccessful and company ceases operating on on Sept. 19, 2008
Constant AviationMROUSDirectional Capital2007  Left over from Macquarie – Allied closing fund
Hawker BeechcraftManufacturerUSOnex, Goldman SachsDec-06$3.3 billion$1.06bnAcquired from Raytheon invested $1.06 billion together.
AvioManufacturerItalyCinven (81%), Finmeccanica (15%)Oct-06$3.27 billion Acquired from The Carlyle Group and Finmeccanica
DayJetOperatorUS  $28 million  
JetBirdOperatorIrelandConrado DornierNov-06 PrivateFailed to launch
JetBirdOperatorIrelandClaret Capital2006 $45 millionFailed to launch
JetDirect AviationOperator/FBOUSBrantley Partners, HSBC Private Equity, ABS Capital Partners V, AIG Co-Investment Fund14-Sep-06JetDirect Aviation100.2Filed for Chapter 7 on May 7 2009
Eclipse AviationManufacturerUSSand Hill Corporation, Gates Family, Undisclosed investors2004$201 million  
Keystone Aviation ServicesOperator/FBOUSRizvi Traverse Management2004   
CAMP SystemsInformationUSCAMP SystemsFeb-05  Boston Ventures sold stake to CAMP. Allen & Company LLC and Kilpatrick Stockton LLP advised CAMP on the transaction. Willkie Farr and Gallagher advised Warburg Pincus.
JetSuiteOperatorUSClaret Capital2005   
Jet Aviation                        MaintenanceSwitzPermira EuropeOct-05$91.3 million Sold in Aug 2008 to General Dynamics
Pogo JetOperatorUSJulian Robertson of Tiger Management ($4 million), William Rutledge, former CEO of Teledyne ($3 million), Don Burrs/Robert Crandall ($1 million combined)2005$8 million First funding round. Pogo failed to launch.
Eclipse AviationManufacturerUSSand Hill Corporation ($42m), Gates Family, Undisclosed investors2004$201 million  
Adam AircraftManufacturerUSArcadia Partners, DE Shaw, Hunt Capital Growth Fund, W Capital Partners, Tinicum Inc, GS Capital Partners, Doll Capital Management, Mesirow Financial, Tinicum Capital Partners2003 121.1Investors came in over three investment rounds
Cirrus Industries   ManufactuerUSArcapita Capital (then Crescent Capital)August 2001               $100 million (58%) Sold to AVIC in 2011
CAMP SystemsInformationUSBoston Ventures 2000  Van M. Mankwitz sold to Boston  
Corporate WingsOperatorUSKenn Ricci (now Directional Capital)1980  Launched by Kenn Ricci who later founded Flight Options
NetJetsOperatorUSGoldman Sachs1980