Wheels Up’s SPAC reveals revenue, profitability, membership, fleet size and more

Wheels Up

Wheels Up ended 2020 with 10,995 active members and $690 million in revenues. It’s forecast to reach $912 million this year

Will Wheels Up be the first private jet company with its own co-branded credit card?

The private aviation company sees a future for the Wheels Up brand in luxury lodging, yachts, and experiences to credit cards and financial services

Wheels Up is going public via a SPAC. It’s provides a rare look into the world of private jet companies, which are either privately held or subsidiaries of large publicly traded companies, with limited public data.

Wheels Up adds long-flight rate cap

Wheels up

Flights between the East Coast and Western U.S. are now capped at $29,995, plus FET

Wheels Up is already leveraging its purchase of Citation X operator Mountain Aviation two weeks ago. It’s rolling out a rate cap on flights between the East Coast and Western U.S.

You can buy Wheels Up at Costco, but should you?

Wheels Up

Wheels Up has been selling its core membership via Costco for years. The offering is getting more attention after The Washington Post recently highlighted it. Is it a good deal?

Hint: It depends on if you choose to fund a Wheels Up deposit account

Since 2016 Wheels Up has been selling memberships in its pay-as-you-go jet card memberships via Costco. It’s not alone when it comes to other high-end products and services. You can buy diamonds and luxury cruises at the discount retailer.

Wheels Up announces FET-free flight fund options for members

Wheels Up

The second-largest for-hire private jet operator, Wheels Up, is the latest to offer members the ability to deposit funds before the end of the year and use them for tax-free flights, in this case, for up to 24 months

Wheels Up is offering members its existing funds program, a new Air Transportation Only fund option that will offer FET-free flying for 24 months after purchase, or the ability to fund both types

The biggest player in jet cards yet to weigh in on how it will address the CARES Act holiday on the 7.5% Federal Excise Tax will announce later today it’s in.

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