Vista Global’s deal yesterday with Red Wing that brings it 15 light jets to XOJET is the latest and doesn’t look to be the last
In just over 3 years, we’ve tracked over 50 deals, fundraises, launches, and bankruptcies
The COVID-19 crisis may be bringing the already simmering mergers and acquisitions market for private jet operators and brokers back to a boil.
The airline’s Q3 SEC filing valued its 27% stake from combining Delta Private Jets into Wheels Up at $240 million
Delta’s stake in Wheels Up is now worth nearly twice its 9% in Air France-KLM, one of Europe three largest airline conglomerates
When Delta Air Lines announced the deal to combine its Delta Private Jets unit into Wheels Up in December 2019, and then it closed in January 2020, terms were not disclosed.
However, in the airline’s 10-Q filing for the quarter ended Sept. 30, 2020, a number of details were revealed for the first time.
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.
Gail Grimmett, a former senior executive with Delta Air Lines, has been appointed Chief Experience Officer at Wheels Up
A longtime executive at Delta Air Lines who is widely credited with turning the Atlanta-based company into a dominant player in New York’s ultra-competitive marketplace has been named chief experience officer at Wheels Up.
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.
Jet card buyers can earn bonuses of more than 12% between extra funds, free nights at Exclusive Resorts, Apple computers, and more
On the heels of its Black Friday – Cyber Monday sale for its Sky Access empty leg program, Delta Private Jets is rolling out several significant promotions targeting regular jet card users. The deals are all valid through the end of December.
Offer benefits are worth at least $13,185 on a $150,000 jet card providing an 8.8% added value
Delta Private Jets has teamed with Saks Fifth Avenue in an “Open the door to luxury” promotion. The offer targets customers of the retailer.
The offer is valid through Dec. 31, 2019. It provides extra value for all Delta Private Jets products: jet cards, on-demand charter, and its Sky Access empty leg program.