Fri, Jan 21, 2022
Signature Aviation to Lease East Facility for New Jersey Home
Jet Edge has announced an expansion to its New York base operations, signing an agreement to occupy Signature's East facility at Teterboro Airport in New Jersey.
The new base will act as a hub for NYC area customers of the Jet Edge charter program, aircraft owners, and fleet access to dedicated hangar and maintenance space at one of the world's busiest private aviation airports.
A revamped FBO interior is part of the lease agreement, signed over alongside 44,000 square feet of hangar, workshop, and office space. The introduction will allow Jet Edge to build a strong, upscale base for itself near one of the biggest private jet markets in the world. The new facility is expected to begin operation in quarter 4 of this year. Bill Papariella, CEO of Jet Edge, emphasized the importance of the region to the private jet charter industry.
“The New York metropolitan area has been the largest market trailing 3 years for Jet Edge and compliments our already established Signature facility in Los Angeles. New York will be a strategic focus for Jet Edge in 2022 and beyond. We couldn’t be more excited to partner with Signature to provide our clients coast to coast access to dedicated facilities at Teterboro and Van Nuys.”
“We are delighted to welcome Jet Edge to its new home at Signature Teterboro East,” said Virasb Vahidi, chief revenue officer of Signature Aviation. “Signature is focused on offering exceptional experiences and essential support services to business and private aviation customers. Our large-scale infrastructure footprint is a key enabler of travel and our expertise in private aviation handling and real estate is a catalyst for driving mutual value with our partners. We look forward to working with Jet Edge in one of our key geographic markets.”
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