Announced today, European based charter brokerage Victor, acquires U.S. broker YoungJets to lead expansion in North America. YoungJets founder and CEO David Young will also join to serve as Victor’s senior vice president of the U.S. market.
In addition, according to Victor the company has secured $5M in funding from investor customer. This second closing round augments a previously announced $8M, making a total of $13M invested in private equity from its own clientele during the last 90 days. The funds will be used for customer acquisition and scaling of the technology to meet growing demand. As the company continues to expand it will be pursuing institutional funding later this year.
Veteran aviation executive Levent Edepli, formerly of Sentient Jet, Jet Edge and more recently Jet Linx, has also joined Victor to oversee logistics and operations for North America. Edepli, as Victor’s vice president of operations and customer service for North America, will focus on developing and managing supplier relationships and operational excellence. He spent 10 years at Sentient Jet co-managing the sourcing department for member flights and establishing a large, customized vendor network.
“Victor is focused on expanding its global business in a manner that maximizes operations efficiency and customer service expertise at market entry; and the addition of our funding, the YoungJets team and Levent does just that,” said Victor CEO Clive Jackson. “David Young has an incredible reputation in the entertainment industry and brings a specialized team that expertly handles complex travel for high-profile jet charter clients. Bringing both David and Levent into the executive ranks further rounds out our management team with world-class talent in the aviation market.”