Wheels Up names Jill Greer to head investor relations, sustainabilitynews Fayaz Hussain 19 Nov 24 0Atlanta, US-based global private aviation company Wheels Up Experience announced appointment of Jill Greer as executive vice president of Investor Relations and Sustainability. With over… Read more
Wheels Up adds Phenom fleet; secures $332m financingnews Fayaz Hussain 14 Nov 24 0Wheels Up Experience announced successful closure of $332m revolving equipment notes facility with Bank of America and completed the acquisition of GrandView Aviation’s 17 Embraer… Read more
Q3 results show Wheels Up on track towards stabilisationnews Fayaz Hussain 7 Nov 24 0Private aviation company Wheels Up has demonstrated a clear turnaround in 2024. The company’s third quarter 2024 results show that the company is making steady… Read more
Wheels Up buying GrandView fleet, switching to Phenom and Challengers, agrees $332m Delta backed-loannews Alasdair Whyte 22 Oct 24 0Wheels Up is simplifying its jet aircraft fleet and plans to only operate Embraer Phenom 300 and Bombardier Challenger 300 jets. It has agreed to… Read more
Wheels Up appoints Meaghan Wells to lead strategy, planningnews Fayaz Hussain 8 Oct 24 0Aviation solutions provider Wheels Up Experience announced the appointment of Meaghan Wells as its new executive vice president of enterprise planning and strategy. Wells will… Read more
Wheels Up’s lead investors extend lock-up to September 2025news Alasdair Whyte 23 Sep 24 0Delta Air Lines, CK Wheels and Cox Investment have agreed to restrict any sale of the shares by another year to September 20, 2025. Two other investors Kore Capital… Read more
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
Delta still up on Wheels Upopinion Alasdair Whyte 5 Aug 24 0Wheels Up celebrated its 11th Birthday this week. It is hoping to make a profit before it turns 12. It really needs to do this.… 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
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
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
