The inventor of the jet card expects to hit the $300 million sales mark
On the same day, Delta Air Lines was announcing it would spin off its Delta Private Jets subsidiary and merge it with Wheels Up becoming the combined company’s largest shareholder, the inventor of the jet card was also making some news.
Sentient Jet CEO Andrew Collins told the hosts of Yahoo! Finance’s The Final Round his company is on target to hit the $300 million sales mark.
Delta Private Jets and Wheels Up will have over 190 private aircraft
The deal is expected to close in early 2020, subject to closing conditions and required governmental and regulatory approvals
Delta will take an equity stake in Wheels Up becoming its largest shareholder
Financial terms of the transaction are not being disclosed
The transaction sets up a three-horse race with Directional Aviation and Vista Global as they battle market leader NetJets
Wheels Up’s busy 2019 included raising more money, acquiring light jet operator TMC Jets, tech platform Avianis, expanding its jet sharing membership, plus launching fixed-rate programs for light and super-midsize jets
Last week it announced a major revamp of its own jet membership programs
Is Wheels Up now poised for international expansion?
Wheels Up and Delta Air Lines this morning are announcing they have reached a definitive agreement to combine their private jet businesses.
“This groundbreaking partnership will democratize private aviation – making the convenience of private jet travel accessible to more consumers,” said Delta CEO Ed Bastian.
The Phenom 300 fleet operator is rolling out more VIP JetSuite Experiences for members of its SuiteKey jet card program
JetSuite is adding more JetSuite Experiences for the holidays and the new year, according to a promotional email from the Embraer Phenom 300 operator.
The Dallas-based seller of jet cards and on-demand charter launched the program in May in partnership with Embark Beyond, an award-winning travel agency, and concierge service.
WingX said flights dropped 3.2% compared to November with year-to-date flights down 1.8%
November saw an acceleration in the trending decline in flight activity in Europe this year, with 3.2% fewer business aviation departures compared to the same period a year ago, according to business aviation analyst WingX.
Year-to-date in 2019, flight activity in Europe was down 1.8%, 15,000 fewer flights.
The new offering comes via subsidiary QS Security Services
NetJets has launched a new subsidiary with QS Security Services. It’s a global network of security partners with superior expertise in personal protection.
The unit of Berkshire Hathaway “will protect high-profile travelers by leveraging decades of unmatched security expertise gained from federal, state, and local law enforcement, as well the U.S. military.”