Wheels Up gets $74 million in CARES Act funds

Wheels up CARES Act

Wheels Up Partners Holdings LLC incorporates Wheels Up, Gama Aviation Signature, Delta Private Jets, TMC Jets, and Avianis

If it’s Friday night, it’s a good time to check the Treasury Department’s website for updates about CARES Act awards. Tonight’s reveal showed on June 10 a payroll support agreement providing $74.2 was executed with Wheels Up Partners Holdings LLC.

Wheels Up’s Sunday with Tiger, Phil, Tom, and Peyton reaches 6.3 million viewers, raises $20 million

Wheels Up The Match golf tournament

Capital One’s The Match sponsor Wheels Up wheeled out ambassadors Russell Wilson, Alex Rodriguez, and J.J. Watt while the pairing of legendary golfers and quarterbacks entertained a sports-craving nation

Two months ago the Covid-19 Coronavirus pandemic claimed live sports on television and virtually everywhere else. Yesterday, Tiger Woods and Phil Mickelson renewed their rivalry alongside NFL star quarterbacks Tom Brady and Peyton Manning.

This afternoon, Turner Sports, which broadcast the event, said the charity golf tournament drew an average of 5.8 million people across its networks. Peak viewership for Capital One’s “The Match” was 6.3 million viewers.

Clay Lacy, Jet Linx lead private jet CARES Act recipients

Clay Lacy

Clay Lacy Aviation received $26.9 million while Jet Linx Aviation was given $20 million, according to U.S. Treasury documents

NetJets, Wheels Up, Flexjet, XOJET Aviation and related companies were notably absent from the Treasury Department’s list of COVID-19 aide recipients

See the full list of aviation companies receiving CARES Act Coronavirus financial support

In a list dated April 27th, the U.S. Department of the Treasury published names of 96 companies receiving some of the $32 billion earmarked to preserve aviation jobs. The list includes both airlines and private jet operators.

The act specified grants needed to be based on payroll expenses from April 2019 through September 2019, subject to proration. Funds must be used for the continuation of payment of employee wages, salaries, and benefits. 

%d bloggers like this: