Year Founded
1984
Headquarters
Erlanger, KY
Leadership
Todd Smith
Interim CEO of Wheels Up Experience
Ravi Thakran
Executive Chairman of Wheels Up Experience
Delta Private Jets is a wholly-owned subsidiary of Wheels Up Group as of January 2020.
The company is based at the Wheels Up Jet Center at Cincinnati/Northern Kentucky International Airport in Erlanger, Kentucky.
Delta Air Lines, after the transaction, is the largest shareholder of Wheels Up Group.
Its programs have now been merged into Wheels Up.
Delta received 112,949,305 Class E preferred shares in Wheels Up, constituting 26.1% of Wheels Up’s fully diluted equity as of issuance.
In Delta’s 10-Q filing for the quarter that ended Sept. 30, 2020, it noted, “This transaction resulted in a gain of $240 million which was recorded within the miscellaneous net in our income statement in the March 2020 quarter.”
As of July 2023, Delta Air Lines maintained a 20% stake in Wheels Up Experience.
Delta Private Jets was founded in 1984 by Comair as Delta AirElite. In 2010, it became Delta Private Jets after the acquisition of Segrave Aviation.
Wheels Up Experience currently owns Delta Private Jets. Delta Air Lines, Inc., owns 20% of Wheels Up.
Not disclosed
Estimated at $200 million in 2019.
Todd Smith, Interim CEO of Wheels Up Experience
Delta Private Jets was a private jet management company use aircraft it managed for owners.
Delta Private Jets had around 70 aircraft, including light, midsize, super-midsize, and large cabin jets.
Its jet card program started at $150,000 before being merged into Wheels Up’s programs.
Fixed-rates with guaranteed availability.
There is no active website for this company.
Delta received 112,949,305 Class E preferred shares in Wheels Up, constituting 26.1% of Wheels Up’s fully diluted equity as of issuance. In Delta’s 10-Q filing for the quarter that ended Sept. 30, 2020, it noted, “This transaction resulted in a gain of $240 million which was recorded within the miscellaneous net in our income statement in the March 2020 quarter.”
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