Private Jet Company Bond Ups Bombardier Commitment to $5 Billion

Private jet company Bond is expanding its commitment with Bombardier Inc. to about $5 billion, betting ultra-wealthy travelers will pay a premium for a club-style experience in the sky.

Bond, backed by KKR & Co., increased its order commitment from about $4 billion, according to a statement reviewed by Bloomberg News. The move comes as Bond is shifting its fleet toward Bombardier’s flagship Global 8000, a top-tier jet capable of flying at nearly the speed of sound, while still maintaining a mix of the Global 6500 and Challenger aircrafts.

The Bombardier Global 8000 cabin configured with a full lie-flat bed.

Source: Bond

The Florida-based company has raised about $440 million from ...