Up/Airshare

[Wardogg]

Deal reached.

Wheels Up, Airshare make a deal; Wheels Up postpones earnings

Delta Air Lines is providing Wheels Up a short-term capital infusion; Wheels Up is selling its private jet management business to Airshare

privatejetcardcomparisons.com

 

[Wardogg]

Jet charter firm Wheels Up says Delta funding may not be enough

Wheels Up Experience said on Wednesday there was "substantial doubt" about its ability to continue operations, even as it received short-term funding from Delta Air Lines .

www.reuters.com

 

[SrFnFly227]

Wheels Up is one of many places that I had CJOs from in 2020. The communication was amazing during the months of classes being delayed. Ultimately, I ended up at my current employer, but that doesn't mean I wasn't very impressed with the company that I interacted with almost weekly for 6 months.

All that said, I don't see them making it through this. Just too much debt. I wish the pilots well.

 

[form810]

Deal reached.

Wheels Up, Airshare make a deal; Wheels Up postpones earnings

Delta Air Lines is providing Wheels Up a short-term capital infusion; Wheels Up is selling its private jet management business to Airshare

privatejetcardcomparisons.com

5 in the last 5. When Wheels Up reaches seven acquisitions, Imma gonna start calling that company "7-UP"

I'm having flashbacks to 2008 -ish. (Yet, I did recently pass my medical! )
View: https://youtu.be/hwokQpUyiQI

 

[Brian29]

What’s gonna happen with the rest of the company? Airshare just acquired their aircraft management ops but theres a lot there that isn’t managed aircraft. The fleet I operated that was acquired by them was all aircraft leased from Textron and chartered. Unless I’m misinterpreting “aircraft management operation”.

 

[form810]

What’s gonna happen with the rest of the company? Airshare just acquired their aircraft management ops but theres a lot there that isn’t managed aircraft. The fleet I operated that was acquired by them was all aircraft leased from Textron and chartered. Unless I’m misinterpreting “aircraft management operation”.

You're not misinterpreting.

Like I said, this feels like the aviation version of the 2008-ish real estate market.

 

[Brian29]

Ugh. You could see it coming a million miles away long before I left. Still have buddies over there that tried to make a go of it vs. jumping on the 121 wave. They’ve got apps in and hopefully make it out without too much damage to themselves. It was truly one of the worst run operations I’ve ever had the misfortune of being a part of.