BOND, a premium fractional aviation company, has closed $320 million in preferred equity and debt financing led by credit funds and accounts managed by KKR, plus $30 million of equity funding raised from a select group of founding partners.
Alongside these investments, BOND has unveiled a new and exclusive fractional aviation ownership model for premium private flyers, which is set to go live in 2027.
The model, known as Fractional 2.0, was developed in partnership with Bombardier, the exclusive supplier of the BOND fleet.
All jets within the Fractional 2.0 programme are brand new super-mid or large cabin jets.
Fractional 2.0 limits the number of fractional owners per aircraft to 10, which BOND says is the “lowest in the industry”.
Aircraft owned within Fractional 2.0 are for the exclusive use of their fractional owners, meaning that no jet cards or charter use is permitted.
However, BOND also notes that the programme has standby capacity to ensure that sufficient aircraft are available to meet peak customer demand.
Fractional 2.0 is backed by a first-of-its-kind OEM agreement with Bombardier, under which BOND members benefit from Bombardier’s US service network, with on-site maintenance resources that are dedicated solely to the BOND fleet.
BOND adds that Fractional 2.0 will be staffed by flight attendants on every flight, including its super-midsize jets.
The New York-based aviation company said that demand for private flying is at record highs, and that growth in fractional ownership is outpacing every other category of business aviation.
Fractional 2.0 is therefore designed to appeal to premium private flyers who value exclusivity over scale, it said.
The news follows an earlier announcement from BOND that it has made a firm order for 50 factory-new Challenger 3500 and Global 6500 aircraft, with options for 70 more of these aircraft.
The order, announced in June this year, means that BOND’s total purchases from Bombardier could exceed $4bn in value.