Wheels Up holds steady in Q2 amid cost cutsnews Fayaz Hussain 8 Aug 24 0Wheels Up reported flat revenue of $196m for the second quarter of 2024. Despite relatively unchanged top-line figures, the company’s results showed progress in cost… Read more
Kompass Kapital announces investment in Airsharenews Fayaz Hussain 16 Jul 24 0Global investment group Kompass Kapital announced investment in Kansas City-based private aviation company Airshare to help grow its business and expand its fleet of aircraft.… Read more
Pilot shortages – plateau in sight?opinion Mike Stones 15 Jul 24 0Planes need pilots*. With ageing populations, worries about the long-term availability of pilots have plagued the industry for years. But there could be signs that… Read more
CJI SHORTLISTED IN THE 2024 AEROSPACE MEDIA AWARDSnews Mike Stones 14 Jun 24 0Corporate Jet Investor has been shortlisted in the 2024 Aerospace Media Awards for two articles published in our publication Corporate Jet Investor Quarterly (CJIQ). Both… Read more
The very private Gama Aviationopinion Alasdair Whyte 11 Jun 24 0There is always a lot of celebration when companies float on a stock market. Marwan Khalek, CEO and co-founder, Gama Aviation is more excited about… Read more
Wheels Up’s profit planopinion Alasdair Whyte 10 May 24 0This time last year there was a lot of noise around Wheels Up. The company had just announced that Kenny Dichter, its founder, was stepping… Read more
Wheels Up revenue falls by 44%, aiming for profit by year endnews Fayaz Hussain 9 May 24 0Wheels Up Experience announced its financial results for the first quarter ended March 31, 2024 with total revenue declining by 44% year-over-year to $197m, with… Read more
Wheels Up to launch maintenance facility at Palm Beachnews Fayaz Hussain 19 Apr 24 0Wheels Up Experience, a leading private aviation company, announced plans to launch a new maintenance facility at Palm Beach International Airport (PBI) later this year… Read more
CAMP Systems buys Avinodeopinion Alasdair Whyte 18 Mar 24 0Back when the dot com bubble was starting to burst and the very light jet boom was just starting to froth, three students at Chalmers… Read more
Co-founder Firestone retires from Wheels Upnews Rob Hodgetts 6 Feb 24 0Wheels Up co-founder Justin Firestone has announced his retirement from the company at the end of February. Firestone, who started Wheels Up with Kenny Dichter… Read more
CJIQ323 features Wheels Up, Dassault, Airbus and the late Hamish Hardingnews Mike Stones 15 Dec 23 0The latest edition of Corporate Jet Investor Quarterly (CJIQ) features Wheels Up, Dassault and a celebration of the late Hamish Harding, former chair of Action… Read more
Volato ‘puts its financials out there’opinion Alasdair Whyte 11 Dec 23 0One of the biggest attractions of light jets is their speed. A HondaJet Elite II flies more than 25% faster than most turboprops. This fits… Read more
Wheels Up finalises $40m term loan with Kore Capitalnews Fayaz Hussain 17 Nov 23 0Wheels Up Experience announced that it has closed a new investment of $40m by Kore Capital. “As discussed on our earnings call last week, we… Read more
Wheels Up revenue falls 24% in third quarternews Fayaz Hussain 9 Nov 23 0Private aviation company Wheels Up announced its third quarter financial results on Wednesday, reporting a 24% year-over-year (YoY) decline in revenue to $320m, down from… Read more
Airshare buys Wheels Up’s management businessesnews Alasdair Whyte 3 Oct 23 0Airshare has completed the acquisition of Wheels Up’s aircraft management business. This means that it is adding up to 90 aircraft to its fleet. The… Read more
NetJets announces 1,500 Textron jet deal just as Wheels Up gets $500mopinion Alasdair Whyte 25 Sep 23 0It is a proven fact that 100% of people who do not understand the difference between causation and correlation will die. But is there a… Read more
New Wheels Up CEO, new Flexjet HQopinion Alasdair Whyte 18 Sep 23 0Last week was an exciting one for two of the largest operators. Kenn Ricci and his team got to celebrate their new headquarters. Wheels Up… Read more
Bluetail to centralise Wheels Up fleet maintenance recordsnews Yves Le Marquand 30 Aug 23 0Aircraft records platform, Bluetail is to centralise Wheels Up’s aircraft maintenance records for its owned fleet in a bid to reduce costs. Bluetail announced yesterday… Read more
Jet.Ai and Wheels Up: A tale of two stocksopinion Alasdair Whyte 21 Aug 23 0Mike Winston discovered one of the great secrets of the capital markets two weeks ago. As Jet.AI Aviation, the Las Vegas operator and technology company… Read more
Wheels Up getting $500m debt from Delta, Certares and Knighthead in return for 95% of companynews Alasdair Whyte 15 Aug 23 0Delta Air Lines, Certares Management and Knighthead Capital Management have agreed to lend $500m in debt in return for 95% of Wheels Up. Certares and… Read more
