Wheels Up, Delta Air Lines to combine their private jet businesses

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.

Wheels Up adds camouflage King Air 350i to its fleet

Wheels Up

It’s the fourth King Air to be painted as part of philanthropic initiatives from Wheels Up Cares

Wheels Up yesterday unveiled a camouflage-painted Beechcraft King Air 350i aircraft as part of its Wheels Up Cares philanthropic initiative.

The Wheels Up Camouflage Plane has a custom livery that was created and painted by Textron Aviation Inc. and honors those in the military who bravely served and continue to serve our country, while benefiting the Tragedy Assistance Program for Survivors (TAPS), a non-profit organization that offers compassionate care to those grieving the loss of a military loved one.

The Camouflage Beechcraft King Air 350i will remain indefinitely in the Wheels Up fleet to serve as a flying symbol of TAPS’ mission.

Wheels Up has acquired Avianis in play to enhance customer experience

Following its $128 million raise last month, and acquisition of Travel Management Company with 24 light jets over the summer, Wheels Up has made a tech buy

Wheels Up has acquired Avianis Systems, LLC, for an undisclosed amount. It comes just six weeks after raising $128 million in a Class D Equity Round giving the New York-based private aviation membership company a billion-dollar valuation. The deal was first reported by Corporate Jet Investor in advance of its Revolution.aero conference being held today and tomorrow in San Francisco.

Booking a private jet should be as easy as booking a car with Uber or booking a home with Airbnb

Kenny Dichter, CEO, Wheels Up

Avianis, according to its website, provides a comprehensive platform approach to managing a complete flight operation in one system. In its pitch to its B2B customers, it claims, “This enables a more holistic and cyclical view of the entire business that allows you to stay in touch with every detail of your business in one web-based platform.”

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