Wheels Up acquires private jet operator Mountain Aviation

Wheels Up Mountain Aviation

Wheels Up has acquired Mountain Aviation, the 10th largest U.S. Part 135 private jet operator, adding 59 private aircraft to its fleet

The deal makes Wheels Up the world’s largest Citation X operator and sets it up to be a major player in transcontinental private jet flights

Add Mountain Aviation to the list. After acquiring Delta Private Jets, Gama Aviation Signature, and TMC Jets over the past 19 months, Wheels Up has acquired the 10th largest private jet charter operator in the country.

Wheels Up appoints former Amazon, Airbnb exec as chairman of its marketplace

Wheels Up

Greg Greeley, a former Amazon and Airbnb exec, joins Wheels Up as chairman, marketplace

Greg Greeley, a longtime exec at Amazon and president of Airbnb Homes until this past August, is chairman, marketplace at Wheels Up.

Charter and fractional private jet operators lead November results

Argus

Part 135 charter operators saw November year-over-year totals off by just 6.4% while fractional operators were down 14.5% and Part 91 flying was 24.1% below 2019

Argus TRAQPak analysts predict a year-over-year drop in private jet flights of 18.5% during December

The latest Argus TRAQPak monthly report shows Part 135 charter operators are continuing to see the strongest recovery.

Illegal private charter flight reports take a “dramatic uptick”

illegal charter

Newcomers looking for deals and cash strapped private jet owners are causing a surge in illegal charter activity. However, FAA enforcement often misses the mark, industry experts say

Illegal charter can be deadly. Last year’s death of European soccer star Emiliano Sala came on an aircraft not authorized for commercial charters in Europe. It was flown by a pilot who wasn’t qualified. A 2018 Falcon 50 crash that killed both pilots in South Carolina found that maintenance records weren’t up to date. The pilots were not qualified to fly Part 135 charter flights.

Private jet charter operators ripe for mergers and consolidation

private aviation mergers

Expect more mergers and consolidation with Part 135 private jet charter operators, says one investment bank

The Part 135 private jet charter market is ripe for consolidation and outside investment. That’s according to Brooks Crenshaw, managing director of Balmoral Advisors.

Modern Luxury spotlights Nicholas Air in key markets

Nicholas Air expansion plans

The luxury magazine spotlighted its founder and CEO, Nicholas Correnti, telling the story of Nicholas Air

In case you didn’t know, there is a real Nicholas behind Nicholas Air, October issues of Modern Luxury show the man behind the name. The Part 135 owned-fleet operator gets its brand from its founder and CEO, Nicholas Correnti. It’s one of the revelations in the publisher’s city magazines in Aspen, Austin, Boston, Dallas, and Palm Beach.

FlyExclusive extends FET exempt jet card options

FlyExclusive

The Part 135 charter operator is part of a growing number of jet card sellers extending the 7.5% tax exemption into 2021 and beyond

Add flyExclusive, number nine on our list of largest Part 135/91k operators, to the list of jet card sellers that are providing a carrot to buy a jet card before year’s end.

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