Full-Time
Posted on 6/5/2026
Designs blended-wing aircraft for zero-emission flight
$160k - $195k/yr
Greensboro, NC, USA
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JetZero develops aircraft designed to achieve zero-carbon emissions in commercial aviation by using a Blended Wing Solution. The aircraft blends the fuselage with the wing, eliminating tail surfaces to reduce weight and drag, allowing smaller engines while maintaining the passenger capacity and range of larger planes. The design is 100% compatible with Sustainable Aviation Fuel (SAF) and capable of using hydrogen as a fuel, with a priority on aerodynamic efficiency and lower operating costs. JetZero aims to fill the mid-market gap by delivering aircraft that burn half the fuel and emit half the CO2 of today’s fleet, making ownership cheaper and accelerating the adoption of new propulsion technology. The team combines aviation expertise with entrepreneurial drive to bring this zero-emissions aircraft to market around 2030.
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$543.1M
Headquarters
Long Beach, California
Founded
2020
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Unlimited Paid Time Off
10 paid holidays
401(k)
Medical, Dental, Life health insurance
Disability Insurance
Life Insurance
Equity tax advisory services
Supportive work culture
JetZero closes $100MM financing facility to advance the Z4 program. The senior secured term loan led by Pinegrove Partners and Silicon Valley Bank, a division of First Citizens Bank, accelerates technology maturation and U.S. facility buildout for the all-wing Z4 airplane. JetZero closed a senior secured term loan facility of up to $100 million. The capital extends a run of program milestones for JetZero's all-wing airplane, which is designed for the middle market (~250 passenger capacity for up to 5,000 nautical mile range) that will cut fuel burn and emissions by up to 50% relative to conventional tube-and-wing aircraft at the same passenger capacity. Proceeds will go towards the acceleration of technology maturation, Demonstrator Jet1 manufacturing and buildout of JetZero's U.S. manufacturing and test facilities in Greensboro, NC, along with growth and working capital in support of the company's U.S. operations. "This facility is targeted for pace," Tom O'Leary, founder and CEO of JetZero, said. "Through this facility, we will fund tooling and production facilities in North Carolina, advancing aerospace innovation and reindustrializing America. Not only has the time come to reshape aviation, but the Z4 will lead the way." The Z4 is expected to enter service in the early 2030s. "Adding sophisticated credit providers to our team as investors and stakeholders validates our creditworthiness and informs our funding roadmap," Sergey Kulyagin, chief financial officer and treasurer of JetZero, said. The lender group includes Pinegrove Credit Partners backed by Brookfield and HRTG Partners, alongside Silicon Valley Bank, a division of First-Citizens Bank. "JetZero is moving from demonstration to production, and that transition is where capital structure matters most," Craig Caukin, partner at Pinegrove, said. "We structured this facility around the program's real milestones. Together with our limited partners, we will be looking to expand the capacity of this facility when the opportunity presents itself."
JetZero adds $100 million to push all-wing demonstrator toward flight. Funding will support construction of Jet1 and development of the company's planned 250-passenger Z4. Monday, August 31, 2026 at 12:14 PM ET Key takeaways: JetZero announced Monday that it has secured up to $100 million in new financing to advance construction of its full-scale Jet1 demonstrator and related manufacturing work. Jet1 is being built by Scaled Composites in Mojave, California, and will serve as the piloted test aircraft for JetZero's unconventional all-wing configuration. Jet1 toward flight. Ahead of the full-scale demonstrator, JetZero's Pathfinder flight-test program has flown five generations of scaled aircraft across more than 30 flights. The company says the program has been used to develop and validate the configuration and flight-control laws intended for Jet1. Jet1 will support development of the Z4, an aircraft JetZero says will carry about 250 passengers up to 5,000 nautical miles. The company broke ground in June on an 8-million-square-foot manufacturing campus in Greensboro, North Carolina, where it plans to produce the Z4. JetZero claims the all-wing configuration could reduce fuel consumption by as much as 50% compared with conventional tube-and-wing aircraft of similar capacity. Funding the program. The new financing is structured as a borrowing agreement, or "facility," that gives JetZero access to as much as $100 million from Pinegrove Credit Partners and Silicon Valley Bank. Funds from the facility arrangmenet will support Jet1 construction and technology development as well as tooling and production infrastructure at its Greensboro manufacturing campus. "This facility is targeted for pace," JetZero CEO and co-founder Tom O'Leary said in Monday's announcement. "Through this facility, we will fund tooling and production facilities in North Carolina, advancing aerospace innovation and reindustrializing America. Not only has the time come to reshape aviation, but the Z4 will lead the way." JetZero is targeting a first flight of Jet1 in the fourth quarter of 2027 and commercial service for the Z4 in the early 2030s. Matt is AVweb's lead editor. His eyes have been turned to the sky for as long as he can remember. Now a fixed-wing pilot, instructor and aviation writer, Matt also leads and teaches a high school aviation program in the Dallas area. Beyond his lifelong obsession with aviation, Matt loves to travel and has lived in Greece, Czechia and Germany for studies and for work.
Press Release: JetZero Closes $100M financing facility to advance Z4. JetZero today announced the closing of a senior secured term loan facility of up to $100 million. The capital extends a run of program milestones for JetZero's all-wing airplane, which is designed for the middle market (~250 passenger capacity for up to 5,000 nautical mile range) that will cut fuel burn and emissions by up to 50% relative to conventional tube-and-wing aircraft at the same passenger capacity. Proceeds will go towards the acceleration of technology maturation, Demonstrator Jet1 manufacturing, and buildout of JetZero's U.S. manufacturing and test facilities in Greensboro, NC, along with growth and working capital in support of the company's U.S. operations. "This facility is targeted for pace," said Tom O'Leary, JetZero CEO and co-founder. "Through this facility, we will fund tooling and production facilities in North Carolina, advancing aerospace innovation and reindustrializing America. Not only has the time come to reshape aviation, but the Z4 will lead the way." The Z4 is expected to enter service in the early 2030s. "Adding sophisticated credit providers to our team as investors and stakeholders validates our creditworthiness and informs our funding roadmap," said Sergey Kulyagin, JetZero CFO and Treasurer. The lender group includes Pinegrove Credit Partners backed by Brookfield and HRTG Partners, alongside Silicon Valley Bank, a division of First-Citizens Bank. "JetZero is moving from demonstration to production, and that transition is where capital structure matters most," said Craig Caukin, Partner at Pinegrove. "We structured this facility around the program's real milestones. Together with our limited partners, we will be looking to expand the capacity of this facility when the opportunity presents itself." JetZero continues to advance the build of Jet1, its full-scale Demonstrator, with Scaled Composites, a Northrop Grumman company. The build was 40 percent complete as of June 2026, with its first flight scheduled for 4Q 2027. JetZero broke ground on Factory1, its Z4 production facility in North Carolina, in June 2026. JetZero will hire more than 14,000 people over 10 years in North Carolina to support the Z4. About JetZero JetZero is an American aerospace company developing a new generation of more efficient commercial and defense aircraft. The company partners with leading manufacturers and technology providers to advance the future of flight through innovation and American manufacturing excellence. Featured image credited to JetZero
JetZero raises up to $100M in debt funding. August 31, 2026 JetZero, a Long Beach, CA-based provider of all-wing commercial and defense aircraft, raised up to $100M in debt funding Backers included Pinegrove Credit Partners alongside Silicon Valley Bank. The company intends to use the funds to accelerate technology maturation, manufacture the Demonstrator Jet1, build out its U.S. manufacturing and test facilities in Greensboro, NC, and support growth and working capital for its U.S. operations. Led by CEO and co-founder Tom O'Leary, JetZero develops an all-wing airplane designed for the middle market (~250 passenger capacity for up to 5,000 nautical mile range) to cut fuel burn and emissions by up to 50% relative to conventional tube-and-wing aircraft. Their platform integrates new blended wing body technology to improve commercial and defense aviation with its flagship Z4 model entering service in the early 2030s. They currently operate U.S. manufacturing and test facilities in Greensboro, NC, and partner with Scaled Composites (a Northrop Grumman company) to construct their full-scale Jet1 demonstrator. Don't just read the news. Own the data. Stop manually tracking deals. Access this round and over 100 others this week - in our structured Master Database (XML) + Weekly Intelligence PDF. [Access FinSMEs Intelligence Hub] 31/08/2026
JetZero has secured a $100 million senior secured term loan to advance development of its Z4 aircraft programme. The innovative all-wing design aims to carry 250 passengers over distances up to 5,000 nautical miles whilst reducing fuel consumption and emissions by 50% compared to traditional tube-and-wing aircraft. The funding will support technology development for the Z4 programme, manufacturing of a full-scale demonstrator jet, and establishment of production and test facilities in Greensboro, North Carolina. The Z4 is designed to serve the middle market segment whilst delivering significant improvements in operational efficiency. CEO Tom O'Leary highlighted the funding as a significant milestone for the company's development efforts.