Wheels Up expands to Europe with Air Partner acquisition

Wheels Up

Wheels Up’s $107 million agreement to acquire Air Partner brings a European and Transatlantic jet card program and a base for international expansion

Here’s what the Wheels Up, Air Partner deal could mean to their jet card and membership customers

Wheels Up and Air Partner have filed documents this morning in the U.K., agreeing for the New York-based provider to acquire the Gatwick-based aviation services company, which offers jet cards and on-demand charter.

Wheels Up’s Q3 results: What Wall Street dislikes could be good for Main Street

Kenny Dichter

Despite higher than expect revenues, after reporting bigger losses, Wheels Up stock price dropped to record lows. For private jet flyers, however, there was much good news

If the stock price is the vote of Wall Street, the third-quarter financial results of Wheels Up with higher losses due to higher expenses despite higher revenues is bad news.

Wheels Up restricts new member flights, maintains rules, pricing for existing members

Wheels Up

As of today, new members who deposit 100k or less will have to wait 90 days to fly. Existing members are protected against program changes

Wheels Up is the latest of the largest providers selling fixed or capped rate jet cards to make program changes.

What to expect for Wheels Up’s Q3 earnings call

Wheels Up

Wheels Up should offer a glimpse into how record demand and increased costs are impacting the industry

With seven analysts now following a publicly traded Wheels Up, management will be answering questions during its Q3 earnings call. The date, set earlier today, is Nov. 10.

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