Wheels Up answers new reports of bankruptcy after stock falls 60%

Wheels Up Teal King Air 350i

The share price for Wheels Up dove from $3.13 to $1.24 today after reports it hired restructuring lawyers from Kirkland & Ellis

Wheels Up is again trying to stave off inferences that it plans to seek bankruptcy protection.

NetJets pilots say Berkshire Hathaway picket drew over 800 protesters


The head of NetJets pilots union tweaked Berkshire Vice Chairman Charlie Munger after he compared the operator’s value to Part 121 airlines

The NetJets Association of Shared Aircraft Pilots (NJASAP) issued a press release claiming Saturday’s informational picket outside the 2023 Berkshire Hathaway Shareholders’ Meeting in Omaha as the largest in the operator’s history.

Dichter resigns as Wheels Up revamps jet card program; reports Q1 financials

Wheels Up

Wheels Up’s Founder and CEO Kenny Dichter steps down; Core Membership program restructured into East and West zones

Wheels Up Founder, Chairman and CEO Kenny Dichter is stepping down immediately. CFO Todd Smith becomes Interim CEO. Board Member Ravi Thakran becomes Executive Chairman. At the same time, the company is restructuring its capped-rate Core membership program, per a flurry of press releases issued this morning.

Buffett praises NetJets CEO, digs Wheels Up during annual meeting

Warren Buffett

During the Berkshire Hathaway annual meeting, Warren Buffett lauded NetJets CEO Adam Johnson while tweaking Wheels Up’s share price

During the annual Berkshire Hathaway shareholders meeting earlier today in Omaha, Nebraska, Chairman and CEO Warren Buffett heaped praise on his private aviation business when answering a question about NetJets.

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