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Private Jet Startup Bond Aviation Leases Office Space in Meatpacking District

Private Jet Startup Bond Aviation Secures Office Space in Manhattan’s Meatpacking District
Bond Aviation, a burgeoning private jet startup specializing in part-time ownership of a private jet fleet, has committed to a five-year lease for 4,916 square feet at 22 Little West 12th Street in Manhattan’s Meatpacking District. The property is held by a joint venture between Infinity Real Estate, led by Steve Kassin, and Premier Equities, with RDE Advisors acting as the landlord’s broker.
Strategic Location and Leasing Details
Although the exact rent was not publicly disclosed, Ross Eisenberg, founder of RDE Advisors, indicated that the lease was secured at a rate in the mid-$70 per square foot range. Eisenberg emphasized Bond Aviation’s fit within the building’s tenant mix, noting the company’s alignment with the Meatpacking District’s creative and design-forward ethos. He also highlighted the sustained demand for boutique office spaces in prime Manhattan locations.
Representing Bond Aviation in the transaction was Rob Kluge of Current Real Estate Advisors, who remarked that the startup was drawn to the building’s unique combination of boutique ambiance and upscale finishes. Kluge further noted that the ownership’s cooperative approach facilitated a smooth leasing process despite a competitive market, making this location an ideal choice for Bond’s inaugural New York office.
Expansion Amidst a Competitive Private Aviation Market
Founded in late 2025 by Bill Papariella and backed by approximately $350 million in funding from investment management firm KKR, Bond Aviation is establishing its first New York City presence as part of a broader national growth strategy. Headquartered in Fort Lauderdale, Florida, the company also operates offices in Las Vegas and Beverly Hills.
Bond Aviation’s business model offers affluent clients fractional ownership of private jets, with operations slated to commence in 2027. Last October, the company announced an order for 50 new Bombardier jets and plans to maintain one jet and crew for every ten customers, underscoring its commitment to personalized service.
The private jet sector has witnessed robust activity, particularly in the fourth quarter, reflecting strong demand for private aviation services. However, Bond Aviation enters a market marked by intensifying competition and regulatory complexities. In regions such as Asia-Pacific, illegal charter operations are undermining legitimate providers, presenting additional hurdles for new entrants. Furthermore, the industry faces mounting pressure to enhance financial transparency, with investors increasingly scrutinizing the fiscal stability of emerging companies like Bond.
The Meatpacking District’s Appeal to Innovative Firms
The six-story building at 22 Little West 12th Street, originally a parking garage converted into boutique office space in 2013, hosts a diverse tenant roster including the global law firm Dentons and Kao Salon Academy New York. Bond Aviation’s arrival highlights the Meatpacking District’s continued attractiveness to innovative enterprises and reflects the evolving dynamics within the private aviation industry.

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