Wheels Up: 2022 Q4 revenues, loss increase, and what’s next?

Wheels Up

As Wheels Up completes a year to forget, lower demand may provide the tailwind it needs to achieve its 2024 profitability goal

Increasing expenses continued to plague Wheels Up in 2022 as it recorded record revenues and higher prepaid block sales, countered by growing losses. It also made another executive change and announced discounted pricing on its King Air 350 fleet, a potential sign of things to come.

Expanded Flexjet Innovation and Career Center opens at Embry-Riddle

Flexjet Embry-Riddle

Flexjet is expanding its relationship with aviation college Embry-Riddle Aeronautical University to build the pipeline of future private aviation professionals

An expanded Flexjet Innovation and Career Center at Embry-Riddle Aeronautical University’s Research Park in Daytona Beach, Florida, is now open.

Jet Token plans SPAC-merger IPO, changing name to Jet.AI

Jet Token

Another SPAC IPO as Las Vegas-based Jet Token plans a merger and name change to Jet.AI

Jet Token Inc. and Oxbridge Acquisition Corp. (NASDAQ: OXAC), a publicly-traded special purpose acquisition company, today announced they have entered into a definitive business combination agreement that is expected to result in Jet Token becoming publicly listed.

As demand ebbs, Jet Card options grow

view from private jet

A softening private jet charter market is drawing more operators and brokers to launch and expand jet card and membership offerings

With Argus TraqPak and WingX showing a retreat in demand for private jets, there is a wave of new membership and jet card options.

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