Wheels Up acquires private jet operator Mountain Aviation

Wheels Up Mountain Aviation

Wheels Up has acquired Mountain Aviation, the 10th largest U.S. Part 135 private jet operator, adding 59 private aircraft to its fleet

The deal makes Wheels Up the world’s largest Citation X operator and sets it up to be a major player in transcontinental private jet flights

Add Mountain Aviation to the list. After acquiring Delta Private Jets, Gama Aviation Signature, and TMC Jets over the past 19 months, Wheels Up has acquired the 10th largest private jet charter operator in the country.

Wheels Up appoints former Amazon, Airbnb exec as chairman of its marketplace

Wheels Up

Greg Greeley, a former Amazon and Airbnb exec, joins Wheels Up as chairman, marketplace

Greg Greeley, a longtime exec at Amazon and president of Airbnb Homes until this past August, is chairman, marketplace at Wheels Up.

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.

Delta Air Lines values Wheels Up at $890 million

Wheels Up Delta Air Lines

The airline’s Q3 SEC filing valued its 27% stake from combining Delta Private Jets into Wheels Up at $240 million

Delta’s stake in Wheels Up is now worth nearly twice its 9% in Air France-KLM, one of Europe three largest airline conglomerates

When Delta Air Lines announced the deal to combine its Delta Private Jets unit into Wheels Up in December 2019, and then it closed in January 2020, terms were not disclosed.

However, in the airline’s 10-Q filing for the quarter ended Sept. 30, 2020, a number of details were revealed for the first time.

Wheels Up waives membership fees for JetSuite jet card customers

Wheels Up Meals Up

SuiteKey members save the normal $17,500 joining and membership fee

Wheels Up is offering customers of now grounded JetSuite the ability to fly in its membership program waiving the $17,500 joining and initiation fees.

Wheels Up targets 10 million meals in COVID-19 Coronavirus relief effort

Wheels Up

Private jet operator, management and membership brand Wheels Up is joining with NFL all-star Russell Wilson to support Feeding America’s COVID-19 Response Plan

The number of Americans who need food assistance is expected to double to 75 million as COVID-19 Coronavirus layoffs ripple across the economy

Wheels Up Founder and CEO Kenny Dichter was on CNBC’s Squawk Box this morning, but not to announce another acquisition. On the business channel, he joined with Seattle Seahawks quarterback Russell Wilson in a Coronavirus relief effort.

Wheels Up buys Gama Aviation Signature growing its fleet to over 300 private aircraft

Wheels Up awards

The acquisition follows the purchase of Delta Private Jets, Travel Management Company, and Avianis, and squares it up against NetJets

Wheels Up is looking to move closer to NetJets and pull away from Directional Aviation and Vista Global Holdings. Its acquisition of Gama Aviation LLC this morning gives it over 300 owned and managed aircraft.

Gama Aviation Signature, as it is known, already was managing the Wheels Up fleet of King Air 350i, Citation Excel/XLS, and Citation X aircraft.

It follows its acquisitions of Travel Management Company last June and Delta Private Jets, completed in January.

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