Wheels Up adds whole aircraft sales unit

Wheels Up appoints Bergeson COO

Wheels Up Aircraft Sales enables the private aviation provider to offer one-stop shopping

Jet sharing, empty legs, on-demand charter, fixed-rate jet cards, aircraft management, MRO services, and now full aircraft sales brokering are under the Wheels Up brand

With a powerful digital presence and brand recognition only matched by market leader NetJets, Wheels Up is once again showing it intends to be a driving force in private aviation.

This morning’s announcement of Wheels Up Aircraft Sales puts the company into aircraft brokerage, acquisition, trade, and advisory services.

NetJets, Wheels Up, Flexjet, and Vista Global’s XOJET lead the list of Biggest U.S. Private Jet Operators

Largest Private Jet Airlines

Despite consolidation, the 25 largest Part 135 and 91K operators account for only 25% of the U.S. private jet market

Why you won’t find Wheels Up when you look at lists of private aviation operators

Sizing the U.S. private jet market between Part 91, Part 91K fractional and Part 135 charter operators

8 of the 10 largest companies are led by the founder or family member

Here’s a big difference between the private jet market and the airlines. Just 10 airlines account for 90% of the domestic market for scheduled passenger traffic. Four companies – Delta Airlines, American Airlines, United Airlines, and Southwest Airlines – are responsible for two-thirds of U.S. flights.

Despite consolidation, business aviation remains fragmented. An analysis by Private Jet Card Comparisons of various reports from Argus TRAQPak and other data shows the 25 largest operators of charter and fractional fleets together account for just 25% of all U.S. flying.

JetSuite grounds fleet amid COVID-19 Coronavirus crisis

JetSuite

Private jet charter operator JetSuite has grounded its fleet of Embraer Phenom 300s and 100s

Sister JSX is continuing a reduced schedule of flights between private jet terminals

Private jet charter operator JetSuite, which sells Phenom 300 jet cards, is halting operations. The move reflects a steep dive in private travel from the COVID-19 Coronavirus pandemic. Closure of many hotels and resorts has meant aside from second homes and emergencies, there are few places to travel.

Argus reveals top Part 135 private jet charter operators for 2019

biggest private jet charter companies

Argus Traqpak has published its list of the largest private jet rental operators in the U.S. based on 2019 flight activity

Part 135 flights declined 0.6% while flight hours fell by 1.4% in 2019

The report highlights the fragmented nature of private jet charter with the top 25 companies only accounting for one-third of flight hours

Gama Aviation Signature remains the dominant player in Part 135 private jet charter, according to a recap of 2019 activity by Argus Traqpak.

With 103,096 flight hours, it saw a 13% increase compared to 2018, despite an overall decline in the market for commercial private aircraft charter rentals.

Overall, Part 135 flying decreased by 0.6% in flights and 1.4% by flight hours on a year-over-year basis.

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.

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