Kompass Kapital Announces A Controlling Stake In The Patrick Mahomes Owned Private Jet Company

Summary

  • Kompass Kapital takes a controlling stake in Airshare, becoming the majority owner of the private aviation company.
  • The investment will grow the company’s geographic footprint and fleet, with existing investors remaining active.
  • Patrick Mahomes serves as an ambassador for Airshare, which offers jet cards and fractional ownership services.

On Tuesday, July 16, Airshare announced that Kompass Kapital, a private equity group based in Kansas City, Kansas, had taken a controlling stake in the company. Airshare is based in a town called Lenexa, which is a nearby suburb of Kansas City. The fractional ownership, jet card provider, and on-demand charter company also utilizes Patrick Mahomes as a major ambassador.

New ownership stake in Airshare

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As previously mentioned, the investment that Kompass Kapital made in Airshare makes the private equity group the new majority owner of the company. Specific terms of the transaction have not yet been disclosed, although previous existing investors are set to maintain an active role within the company.

The Managing Partner of Kompass Kapital, Bradley Berger, spoke about the new acquisition. He stated,

“We are very excited to partner with Airshare, where we join a talented team dedicated to serving the private aviation needs of business and leisure customers both domestically and internationally.’

Berger mentioned that Kompass Kapital agreed with Airshare’s executive team’s plans to continue expanding the company’s growing geographic footprint and growing the company’s fleet. Kompass Kapital intended to ensure that previous investors would remain in an ownership position with the company after the transaction. Airshare will be added to Kompass Kapital’s growing portfolio of investments, which includes real estate, partnerships, and public equity.

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The Chief Executive Officer (CEO) of Airshare, John Owen, also spoke about the new investment. Owen stated,

“We are thrilled to have Kompass Kapital join the Airshare ownership group and strongly believe its investment will have a material impact on our future. When we made the decision to raise capital in support of our strategic goals, we were diligent in defining the ideal partner for us, both professionally and culturally.”

Owen also mentioned that it would be easy for Kompass Kapital to become the majority owner. This is due to Kompass Kapital’s existing partnership with other existing investors in Airshare.

About Airshare

Airshare was founded in Lenexa, Kansas, in 2000. The company offers jet cards, fractional ownership services, and on-demand charter services. According to Private Jet Card Comparisons, these jet cards provide ten days of annual access. If a member wants to fly more, fractional ownership rates begin at twenty days of annual access. This allows each of the members to fly as much as they please within a day of duty.

A Bombardier Challenger 300 on a wet runway.

Photo: Carlos Yudica | Shutterstock

Since last summer, the famous National Football League (NFL) quarterback Patrick Mahomes has acted as the lead ambassador for the program. Mahomes is a three-time Super Bowl champion and two-time NFL Most Valuable Player (MVP). He also plays for the local Kansas City team, the Chiefs, which makes him a proper choice for the Kansas aviation company.

Last year, Airshare also took another step towards expanding its footprint and expanding its offered services. The company acquired the aircraft management business previously owned by Wheels Up. Currently, Airshare operates a fleet of Embraer Phenom 300s and Bombardier Challenger 350s, although it manages a wide variety of aircraft with the new business acquisition from Wheels Up.

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