Los Angeles-based private jet company Elite Aviation said that it has closed a USD 50m growth capital commitment to be used across multiple fronts to substantially expand the company´s global footprint.
In addition to a significant fleet expansion, Elite Aviation said it will go “on the hunt” for geographically strategic acquisitions as well as companies complementary to its core business throughout North America and Europe.
The company said it is also evaluating investments in complementary niches including, but not limited to, cargo operations, Part 121 commercial aircraft charter operations, maintenance operations, high-end concierge services, aircraft sales operations and other opportunistic investments.
Elite Aviation said it is in the process of finalising several joint ventures that allow the firm to effectively and efficiently serve clients worldwide within the next 12 to 36 months.
Find out more at www.eliteaviation.com.