Former Amazon, Airbnb exec Vinayak Hegde has been elevated to president at now publicly traded private aviation provider Wheels Up
Vinayak Hegde has been named president of Wheels Up. He will continue to report directly to chairman and CEO Kenny Dichter who founded the company. Now Wheels Up Experience, which trades under UP, went public via a SPAC merger in July.
Wheels Up boosts full-year revenue guidance from $912 million to $1.05-$1.1 billion; plans extra $25 to $35 million on tech, customer experience, pilot retention, and private jet capacity
Since becoming a publicly-traded company last month, Wheels Up is earning plaudits from at least one analyst following its first earnings call. At the same time, executives outlined how the private aviation provider deals with record demand that is swamping the industry.
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.