Fractional aviation company BOND has expanded its commitment with Bombardier to up to US$5 billion, less than six months after its October 2025 launch.
The expansion includes four new firm orders for Global aircraft and the upgrade of 24 existing aircraft options to Global 8000s, with flexibility to convert them to Global 6500s. BOND is also accelerating deliveries for 2027 within its existing order to meet demand. The commitment encompasses all firm orders, options and a service agreement with Bombardier.
BOND launched in October 2025 with a 50-aircraft firm order and 70 purchase options from Bombardier, backed by an initial US$320 million in preferred equity and debt financing led by KKR. The company has since raised US$150 million in equity through its founding membership program and from KKR, bringing total funding to US$440 million. KKR has now increased BOND’s credit facility to US$290 million to support the accelerated delivery schedule.
“What’s driving BOND isn’t just demand, it’s conviction,” said founder Bill Papariella. “Our founding members aren’t passive buyers. They co-invested in the company because they believe this model should exist.”
Eric Martel, president and CEO of Bombardier said, “This acceleration underscores the market’s high demand for bespoke business travel offerings and reflects BOND’s immediate success and confidence in Bombardier, our aircraft and top-rated global service network.”
BOND positions itself at the upper end of the fractional market, operating exclusively with super-midsize and large-cabin Bombardier aircraft. Its model involves fewer owners per aircraft than traditional fractional programs, with flight attendants on every flight. All founding members have purchased fractional interests in specific aircraft and co-invested in the company itself.
Daniel Pietrzak, partner and global head of private credit at KKR said, “BOND’s early momentum reflects the clear need they’re meeting in the market. We’re proud to be invested in BOND and are confident in its ability to execute on this truly unique offering in private aviation.”