Move over Acela and airline shuttles, Fly Lindy will offer a by-the-seat helicopter service connecting Washington D.C. to Baltimore and New York City
Private jet charter and jet card operator GrandView Aviation is launching a by-the-seat helicopter shuttle service linking Washington D.C. to Baltimore/College Park (CGS) and the Downtown Manhattan/Wall Street Heliport (KJRB). The service will operate under the banner Fly Lindy.
The Wheels Up move follows private aviation and eVTOL focused SPAC filings from Flexjet chairman Kenn Ricci, Surf Air, and Blade in recent months
This morning, a report from Reuters claims Wheels Up is in discussions with Aspirational Consumer Lifestyle Corp to go public through a merger with the SPAC blank-check acquisition company. The article said the deal could value the private aviation provider at “more than $2 billion.”
According to a Private Jet Card Comparisons’ analysis, Wheels Up is the second-largest operator of for-hire private aircraft behind NetJets with an estimated 8.3% of the market.
The deal values Blade at an estimated pro forma equity value of $825 million
Blade Urban Air Mobility follows SurfAir and Kenn Ricci, the principal of Flexjet, Sentient, FXAIR, PrivateFly owner Directional Aviation, into the public markets. Like the West Coast flight-sharing service and Ricci’s Zanite Acquisition Corporation, the vehicle is a special purpose acquisition company known as a SPAC.
Let’s make a deal. The M&A market for private jet operators is hot. Over 50 deals, fundraises, launches, and bankruptcies detailed
(Updated Feb. 8, 2021) The COVID-19 crisis may be bringing the already simmering mergers and acquisitions market for private jet operators and brokers back to a boil.