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Wheels Up

Kompass Kapital announces investment in Airshare

news
Fayaz Hussain
16 Jul 24
0

Global investment group Kompass Kapital announced investment in Kansas City-based private aviation company Airshare to help grow its business and expand its fleet of aircraft.…

Read more
Pilot shortages could have reached their peak.

Pilot shortages – plateau in sight?

opinion
Mike Stones
15 Jul 24
0

Planes need pilots*. With ageing populations, worries about the long-term availability of pilots have plagued the industry for years. But there could be signs that…

Read more

CJI SHORTLISTED IN THE 2024 AEROSPACE MEDIA AWARDS

news
Mike Stones
14 Jun 24
0

Corporate Jet Investor has been shortlisted in the 2024 Aerospace Media Awards for two articles published in our publication Corporate Jet Investor Quarterly (CJIQ). Both…

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The very private Gama Aviation

opinion
Alasdair Whyte
11 Jun 24
0

There is always a lot of celebration when companies float on a stock market. Marwan Khalek, CEO and co-founder, Gama Aviation is more excited about…

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Wheels Up’s profit plan

opinion
Alasdair Whyte
10 May 24
0

This time last year there was a lot of noise around Wheels Up. The company had just announced that Kenny Dichter, its founder, was stepping…

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Wheels Up revenue falls by 44%, aiming for profit by year end

news
Fayaz Hussain
9 May 24
0

Wheels Up Experience announced its financial results for the first quarter ended March 31, 2024 with total revenue declining by 44% year-over-year to $197m, with…

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Wheels Up to launch maintenance facility at Palm Beach

news
Fayaz Hussain
19 Apr 24
0

Wheels Up Experience, a leading private aviation company, announced plans to launch a new maintenance facility at Palm Beach International Airport (PBI) later this year…

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avinode at nbaa 2014

CAMP Systems buys Avinode

opinion
Alasdair Whyte
18 Mar 24
0

Back when the dot com bubble was starting to burst and the very light jet boom was just starting to froth, three students at Chalmers…

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Justin Firestone set up Wheels Up with Kenny Dichter in 2013.

Co-founder Firestone retires from Wheels Up

news
Rob Hodgetts
6 Feb 24
0

Wheels Up co-founder Justin Firestone has announced his retirement from the company at the end of February. Firestone,  who started Wheels Up with Kenny Dichter…

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CJIQ323 features Wheels Up, Dassault, Airbus and the late Hamish Harding

news
Mike Stones
15 Dec 23
0

The latest edition of Corporate Jet Investor Quarterly (CJIQ) features Wheels Up, Dassault and a celebration of the late Hamish Harding, former chair of Action…

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Volato ‘puts its financials out there’

opinion
Alasdair Whyte
11 Dec 23
0

One of the biggest attractions of light jets is their speed. A HondaJet Elite II flies more than 25% faster than most turboprops. This fits…

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Wheels Up finalises $40m term loan with Kore Capital

news
Fayaz Hussain
17 Nov 23
0

Wheels Up Experience announced that it has closed a new investment of $40m by Kore Capital.  “As discussed on our earnings call last week, we…

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Wheels Up revenue falls 24% in third quarter

news
Fayaz Hussain
9 Nov 23
0

Private aviation company Wheels Up announced its third quarter financial results on Wednesday, reporting a 24% year-over-year (YoY) decline in revenue to $320m, down from…

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Global investment group Kompass Kapital announced investment in Kansas City-based private aviation company Airshare to help grow its business and expand its fleet of aircraft.

Airshare buys Wheels Up’s management businesses

news
Alasdair Whyte
3 Oct 23
0

Airshare has completed the acquisition of Wheels Up’s aircraft management business. This means that it is adding up to 90 aircraft to its fleet. The…

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NetJets announces 1,500 Textron jet deal just as Wheels Up gets $500m

opinion
Alasdair Whyte
25 Sep 23
0

It is a proven fact that 100% of people who do not understand the difference between causation and correlation will die. But is there a…

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New Wheels Up CEO, new Flexjet HQ

opinion
Alasdair Whyte
18 Sep 23
0

Last week was an exciting one for two of the largest operators. Kenn Ricci and his team got to celebrate their new headquarters. Wheels Up…

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Bluetail to centralise Wheels Up fleet maintenance records

news
Yves Le Marquand
30 Aug 23
0

Aircraft records platform, Bluetail is to centralise Wheels Up’s aircraft maintenance records for its owned fleet in a bid to reduce costs.  Bluetail announced yesterday…

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Jet.Ai and Wheels Up: A tale of two stocks

opinion
Alasdair Whyte
21 Aug 23
0

Mike Winston discovered one of the great secrets of the capital markets two weeks ago. As Jet.AI Aviation, the Las Vegas operator and technology company…

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Wheels Up getting $500m debt from Delta, Certares and Knighthead in return for 95% of company

news
Alasdair Whyte
15 Aug 23
0

Delta Air Lines, Certares Management and Knighthead Capital Management have agreed to lend $500m in debt in return for 95% of Wheels Up. Certares and…

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Delta shows it is backing Wheels Up, Airshare in talks to buy management, Air Partner next?

news
Alasdair Whyte
9 Aug 23
0

Rather than getting second-quarter results, today we were told that Delta is putting cash into Wheels Up and that it is in talks to sell…

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Corporate Jet Investor, Hartland House, 45 Church Street, Reigate, Surrey, RH2 0AD, UK.

Telephone (UK): +44 1737 844 383
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Latest news
Embraer delivered 27 executive jets in the second quarter of 2024.

Embraer delivers 27 executive jets in second quarter

July 19, 2024
Textron Aviation revenue

Textron Aviation revenue rises to $1.5bn

July 18, 2024

Leopold to replace Berger at Textron Aviation

July 18, 2024
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