Wheels Up makes another C-suite hire

Wheels Up

The private aviation membership provider is adding a chief technology and development officer

Srikanth Satya has joined Wheels Up as chief technology and development officer. 

Two more stock analysts issue reports on Wheels Up

Wheels Up

RW Baird and Jefferies analysts set target prices for Wheels Up at $12 and $13 per share

Two more Wall Street analysts have issued opening perspectives on Wheels Up Experience. The private aviation company began trading on the New York Stock Exchange under the symbol UP earlier this month. Both analysts are markedly less bullish than Barrington Research’s Gary Prestopino. He set a price target of $19 to $21 for his 24-month outlook.

AeroVanti wants to be the next Wheels Up using the Piaggio P.180 with a $1,995 hourly rate

AeroVanti

Start-up AeroVanti hopes to follow in the footsteps of Wheels Up, using the Piaggio P.180 to attract entry-level private aviation users

On the surface, Annapolis, Maryland-based AeroVanti, turns the clock back to 2013. That’s when Kenny Dichter launched the Beechcraft King Air into a mainstream private aviation charter solution using huge stars like Tom Brady and Serena Williams climbing aboard the turboprop and selling memberships through Costco. It also resurrects the aircraft that Avantair popularized before its 2014 bankruptcy. Serial entrepreneur Patrick Britton-Harr hopes his new venture will follow the former than the latter. With an hourly rate of just $1,995 plus 7.5% Federal Excise Tax, like Dichter, he wants to move first-timers from the airlines to fly privately.

Wheels Up revenues surge to $261.7 million in Q1 as losses narrow

Wheels Up Teal King Air 350i

As it looks ahead towards its IPO via SPAC merger, Wheels Up reports revenues, memberships and flying is up while its financial loss is down

Wheels Up for the first time reported quarterly results. They come ahead of its planned merger with SPAC Aspirational Consumer Lifestyle Corp. Once completed, Wheels Up will trade on the NYSE under the ticker symbol UP.

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