New Fractional Jet Provider Places $1.7 Billion Bombardier Order

Nick Copley

BOND, a new premium fractional aviation company, has entered a $1.7 billion firm order and services agreement with Bombardier. This includes 50 factory-new Challenger 3500 and Global 6500 aircraft and options for 70 more Challenger and Global planes. The company says owners will begin flying in early 2027.

Aircraft Fleet

The BOND fractional fleet will be composed exclusively of super-midsize and large-cabin Bombardier aircraft. If all options are exercised, the total aircraft and services value would reach more than US$4 billion. It will also operate the first 100% flight-attended fleet in fractional aviation.

BOND’s agreement with Bombardier also establishes a first-of-its-kind, fully integrated OEM–operator service agreement to maximize uptime and deliver exceptional operational reliability. The relationship is designed to ensure BOND members benefit from Bombardier’s global network of service centers, 24/7 technical support, parts availability, and predictive maintenance tools.

“We are proud to collaborate with BOND and its proven leadership team led by Bill Papariella, whose vision and track record in private aviation are well recognized,” said Éric Martel, President and CEO, Bombardier. “This agreement goes beyond an aircraft order, it marks a first-of-a-kind, uniquely integrated service collaboration. BOND’s confidence in our top-ranked global service network reinforces our position as the benchmark for reliability, responsiveness and customer support, delivering the peace of mind that only Bombardier can provide.”

Challenger 3500

Management

Led by industry veteran Bill Papariella, Chairman and Group CEO, BOND’s leadership team brings decades of operational experience with a record of delivering strong performance and managing complex aviation operations. Bill Papariella was previously the CEO of Jet Edge, which was acquired by Vista Global Holdings in 2022. In 2021, Jet Edge ranked as the 7th largest U.S. charter operator, with over 32,000 flight hours,

“We created BOND to deliver on the promise of what private aviation was always meant to be — personalized, predictable, and with exceptional levels of service,” said Bill Papariella,. “We are not building for scale. We are building for the select few who expect service perfection every time they fly.”

Funding

BOND, has raised $320 million in preferred equity and debt financing led by credit funds and accounts managed by global investment firm KKR, with $30 million of equity funding from a select group of founding partners. In a market where demand for private flying is at record highs and fractional ownership is outpacing every other category of business aviation, BOND introduces a model built for premium private flyers who value exclusivity over scale. KKR was also involved in funding Jet Edge.

“We are thrilled to build on our longstanding relationship with Bill and his team as they launch BOND,” said Patrick Clancy, Director at KKR. “We believe BOND represents the next evolution in private aviation – a model that prioritizes quality, service, and efficiency over scale. This team’s proven track record, coupled with the strength of the Bombardier collaboration, makes BOND well positioned to set a new standard for premium private travel.”

Alongside KKR, the company also launches with the support of a select group of large family office founding partners. Together, their perspective as sophisticated investors and flyers is meant to ensure BOND is built around the needs of the customers it is designed to serve.

Fractional Model

Key elements of BOND’s model include:

  • Fewer owners per aircraft, limited to 10 per aircraft, which is lowest in the industry
  • Exclusive fleet, reserved only for fractional owners – no jet-cards or charter dilution
  • Standby capacity increases reliability, with reserved aircraft pre-positioned to cover peak customer demand
  • First-of-a-kind OEM service agreement, backed by dedicated resources in Bombardier’s top-rated network
  • Flight attendants on every flight, including super-midsize jets, an industry first
  • The highest-paid and most experienced pilots
  • 100% Super-mid and Large Cabin fleet
  • Evergreen membership with an intelligent capital capital-efficient design

BOND describes this as “Fractional 2.0”.

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