Delta Private Jets Makes Big Stake In Wheels UP Delta Private Jets has made a large stake in company Wheels UP becoming the largest investor with them. Wheels UP is a company more known for its sizable fleet of Beechcraft King Air turboprops. They do operate some CJs too. However, with the Delta Private Jets investment it will add a suite of jets that includes a few mid and large cabin aircraft.
"Bringing together our complementary businesses, which represent the best consumer brands in private and commercial aviation, is transformative and a first for the industry," said Kenny Dichter, founder and CEO, Wheels UP. "The combination of Wheels UP and Delta Private Jets, along with the partnership commitments between Delta and Wheels UP, aligns with our growth objectives and vision of building a platform that will make private flying and the private flying lifestyle accessible to significantly more individuals and businesses in the US and around the world." The transaction will pair Wheels UP’s membership programs, innovative digital platform and world-class lifestyle experiences with Delta Private Jets’ renowned reliability, safety, service and scale. When the transaction closes, Wheels Up will have a fleet of more than 190 private aircraft and over 8,000 members and customers. Delta will also hold an equity position in Wheels UP. For more information: Wheels UP 220 West 42 Street New York, NY 10036 www.wheelsup.com ***
