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Wheels Up

BREAKING – Wheels Up gets Delta ‘capital infusion’, announces LoI with Airshare

news
Yves Le Marquand
9 Aug 23
0

Wheels Up has received a short-term “capital infusion” from Delta Air Lines as it continues discussions around strategic business partnerships. The value of that capital…

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Wheels Up agrees deal for Portside to acquire licensing rights for Avianis

news
Mike Stones
6 Jul 23
0

Wheels Up has agreed a licence with Portside for the technology and software solutions provider to market, service and develop the Avianis fleet management system.…

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Wheels Up and Delta focused on growing corporate customers

news
Alasdair Whyte
7 Jun 23
1

The fastest growing part of Wheels Up is its enterprise programme. The corporate team produces about a quarter of all sales. Wheels Up’s corporate enterprise…

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Brian Foley – ‘Wheels off at Wheels Up’

news
CJI Expert
25 May 23
0

Wheels Up was to have been the follow up story to its founder’s previous successful foray into private aircraft charter. Instead, he just stepped down…

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NetJets orders, Vista launches trading, Kenny leaves Wheels Up 

opinion
Alasdair Whyte
16 May 23
0

Last week was a long one in business aviation. Kenny Dichter has left Wheels Up. NetJets has placed options for 250 Praetor 500s. Vista Global…

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Wheels Up reports further losses in Q1

news
CJI Expert
9 May 23
0

Wheels Up suffered further losses in the first quarter (Q1) of the year, reporting net losses of $100.9m, compared with $88.7m in Q1 2022. Both…

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Breaking news: Kenny Dichter steps down as CEO of Wheels Up

news
CJI Expert
9 May 23
0

Kenny Dichter has stepped down as CEO of Wheels Up after a decade in the role. Dichter founded the company in 2013 and took it…

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Wheels Up adds to senior management team

news
CJI Expert
3 May 23
0

Wheels Up has appointed David Godsman as its first chief digital officer and Kristen Lauria as its new chief customer and marketing officer to “drive…

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Wheels Up receives delisting notice

news
CJI Expert
4 Apr 23
0

Update – April 14th, 2023: Wheels Up has now received a delisting notice from the New York Stock Exchange (NYSE) due to its share price…

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The business aircraft operator M&A boom is over

opinion
Alasdair Whyte
12 Mar 23
0

The past few years have not only been a sellers’ market for aircraft owners, they have also been a great time to sell aircraft operators.…

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Wheels Up sales hit $1.58bn in 2022, loses $375m, recommits to profit in 2024

news
Alasdair Whyte
9 Mar 23
0

Wheels Up’s full year sales rose 32% in 2022 to $1.579bn with the company losing $507m including a $132m non-cash goodwill impairment. Without this accounting…

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Wheels Up cuts staff to save $30m in costs

news
CJI Expert
2 Mar 23
0

Wheels Up has announced it is cutting staff to save $30m annually to deliver EBITDA profitability next year. The company said the cuts will not…

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Kenn Ricci: How new capital is reshaping business aviation

news
Alasdair Whyte
12 Jan 23
0

What an influx of new capital means for business aviation How ‘irrational’ capital can be lured by the ‘glamour’ of aviation The impact on smaller…

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Wheels Up becomes official partner of the World Equestrian Center

news
CJI Expert
9 Jan 23
0

Wheels Up is now the official private aviation and hospitality partner for the World Equestrian Center (WEC) based in Ocala, Florida. The company will be…

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Video: Kenny Dichter on what is next for Wheels Up in 2023

news
Alasdair Whyte
23 Dec 22
0

Wheels Up CEO Kenny Dichter on: The challenges of a being listed company How profit is a bigger priority now European expansion opportunities His view…

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Wheels Up adds to ‘Amazon for Aviation’ with partnership with KKR’s AIrMed

news
Alasdair Whyte
22 Nov 22
0

AirMed, the global air medical transportation company, has chosen Wheels Up as its exclusive aviation partner. Wheels Up will sell a new membership product that…

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Celebrating charter

opinion
Alasdair Whyte
21 Nov 22
0

The Air Charter Association held its annual Air Charter Excellence Awards last week. While the seven award winners were all happy, after a record year…

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Wheels Up partners with MAG Aerospace to increase pilot hires

news
CJI Expert
18 Nov 22
0

Wheels Up has partnered with aerospace defence company MAG Aerospace to expand career opportunities for pilots through their joint Pathway Development Program.

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Wheels Up’s sales rise and losses grow, as president role cut

news
CJI Expert
14 Nov 22
0

Wheels Up grew its membership in the first nine months of the year but made a loss of $86.8m.  It has also scrapped the role…

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Wheels Up raises $260m for investment

news
CJI Expert
20 Oct 22
0

Wheels Up has raised $259m through mortgaging its owned aircraft, the proceeds of which will be used to add “financial flexibility” to the business.

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