What's Happening?
Bombardier has announced a significant $1.7 billion order from fractional start-up Bond, which will begin operations with a fleet of Challenger 3500s and Global 6500s. The launch is supported by $320 million in preferred equity and debt financing led
by KKR, along with $30 million in equity funding from founding partners. This development was revealed at the NBAA-BACE event at Henderson Executive Airport, marking a strategic expansion in the fractional aviation market.
Why It's Important?
The order from Bombardier represents a substantial investment in the fractional aviation market, indicating growth and increased competition in this sector. The involvement of KKR and other financial backers highlights confidence in Bond's business model and potential for success. This expansion could lead to increased accessibility and options for fractional ownership, impacting both the aviation industry and consumers seeking flexible travel solutions.
