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Wheels Up

#6024

Rank

$740.81M

Marketcap

US United States

Country

Wheels Up
Leadership team

Mr. Kenneth H. Dichter (Founder, CEO & Chairman)

Mr. Justin Firestone (Founding Partner)

Mr. Todd Lamar Smith (Chief Financial Officer)

Products/ Services
Aerospace, Air Transportation, Travel
Number of Employees
1,000 - 20,000
Headquarters
New York, New York, United States
Established
2013
Company Registration
SEC CIK number: 0001819516
Revenue
Above - 1B
Traded as
UP
Social Media
Overview
Location
Summary
Wheels Up Experience Inc. provides private aviation services primarily in the United States. The company offers a suite of products and services, which include multi-tiered membership programs, on-demand flights across various private aircraft cabin categories, aircraft management, retail and wholesale charter, whole aircraft acquisitions and sales, corporate flight solutions, special missions, signature events and experiences, and commercial travel. It operates a fleet of approximately 1,500 aircraft. The company was founded in 2013 and is headquartered in New York, New York.
History

The company was founded in 2013 by Kenny Dichter. The company announced its management team in August 2013. It confirmed a Beechcraft turboprop order for 105 King Air 350i aircraft in a transaction valued at US$1.4 billion, including maintenance. The company focuses on non-hub markets that commercial airlines service less effectively. Wheels Up's marketing strategy involves entertainment at major sports and cultural events for their VIP members throughout the year.By 2014, the company had more than 1,000 members and had taken possession of 27 new King Airs and 10 fully refurbished Cessna Citation jets. After five years in business as a United States-only membership, the company had sold 5,379 individual and 379 corporate memberships and owned 72 King Airs and 20 Citations. In 2017, Wheels Up flew 59,960 hours and covered close to 15 million mi . Wheels Up also flies Beechcraft King Air 350i, which has good short field performance, cargo capacity and seats nine passengers.Wheels Up was a sponsor of American Pharoah at the 2015 Belmont Stakes, when the Thoroughbred won the racing Triple Crown, and signed with the Miami Marlins as the team's Official Private Aviation Partner in 2018. The company has also been involved in philanthropic activities for National Breast Cancer Awareness Month, when it took delivery of a pink King Air 350i, and Ovarian Cancer Awareness Month. In February 2018, Wheels Up announced a new flight sharing membership called Wheels Up Connect. Connect members can access members' only community boards to share flights with full program members. The goal is to democratize private flying by making it more affordable. In June 2019, Wheels Up announced it had acquired Travel Management Company, referred to as TMC Jets, a charter operator with 24 light jets.In September 2019, Wheels Up announced it had purchased Avianis, a B2B platform that streamlines communications between operators and brokers. On March 2, 2020, Wheels Up announced it had acquired Gama Aviation Signature, the largest Part 135 charter operators in the U.S. In April 2020, Wheels Up launched the "Meals Up" initiative with Russell Wilson and non-profit Feeding America to provide meals for those impacted by food insecurity. To date, Meals Up has donated over 80 Million meals to Feeding America.

Following its acquisitions of Delta Private Jets, Travel Management Company, Gama Aviation Signature, Mountain Aviation, and additional regional providers, Wheels Up Group is now the second-largest private aircraft operator in the U.S. behind NetJets.In January 2022, Wheels Up announced it had reached an agreement to acquire Air Partner PLC , a U.K.-based global aviation services group with operations in 18 locations and across four continents.

Mission
Wheels Up's mission is to revolutionize private aviation, making it more accessible, convenient, secure and of course, safe.
Vision
Wheels Up's vision is to improve the experience of private aviation for every traveler, by putting control and convenience in the hands of our members with the most advanced technology.
Key Team

Mr. Srikanth Satya (Chief Technology & Devel. Officer)

Ms. Laura Heltebran Esq. (Chief Legal Officer)

Mr. Sean McGeough (Exec. VP & Head of Corp. Sales)

Mr. Lee D. Applbaum (Chief Marketing Officer)

Mr. Ken Napolitano (Chief Sales Officer)

Mr. Stevens J. Sainte-Rose (Chief People Officer)

Ms. Julia Zhang (Sr. VP of Pricing & Revenue Management)

Recognition and Awards
Wheels Up has won several awards and recognition in its five years since operations began. This includes the prestigious 'Private Aviation Leader' award from Aviation International News in 2018 and an 'Aviation Excellence Award' from the International Aviation Club in 2017.
References

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Wheels Up
Leadership team

Mr. Kenneth H. Dichter (Founder, CEO & Chairman)

Mr. Justin Firestone (Founding Partner)

Mr. Todd Lamar Smith (Chief Financial Officer)

Products/ Services
Aerospace, Air Transportation, Travel
Number of Employees
1,000 - 20,000
Headquarters
New York, New York, United States
Established
2013
Company Registration
SEC CIK number: 0001819516
Revenue
Above - 1B
Traded as
UP
Social Media