Wheels Up with Bell Textron will launch a helicopter service later this year. The initiative provides connecting service to flights by partner Delta Air Lines
In February, United Airlines placed a $1 billion order for 200 Archer eVTOL aircraft
Private aviation rival Directional Aviation bought helicopter share and jet card provider Associated Aircraft Group earlier this year
Wheels Up today announced it is partnering with Bell Textron, a Textron Inc. (NYSE: TXT) company. It plans to develop short- and long-term solutions with vertical take-off and landing (VTOL) aircraft. The collaboration will focus on the growing demand for convenient intra-urban travel from city centers and regional airport helipads.
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.