Delta Air Lines has made this announcement:
- Delta Private Jets to combine with Wheels Up, establishing one of the world’s largest owned and managed fleets of private aircraft.
- Partnership between Delta and Wheels Up will provide more consumers with unique access to Wheels Up’s private aviation platform and programs alongside Delta’s global network, creating unparalleled travel experiences in private and commercial aviation.
- Wheels Up’s membership programs, innovative digital platform and world-class lifestyle experiences will be paired with Delta Private Jets’ renowned reliability, safety, service and scale.
- Delta Air Lines will hold an equity position in Wheels Up.
Delta Air Lines and Wheels Up are partnering to create one of the world’s largest owned and managed fleets of private aircraft. The partnership will make private aviation accessible to more consumers and provide unparalleled travel options.
The companies have reached a definitive agreement for Delta Private Jets, a wholly owned subsidiary of Delta, to combine with Wheels Up. 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.
The transaction will provide an array of new products and valuable features for existing and prospective customers of Wheels Up, Delta Private Jets and Delta to make private aviation travel more accessible to all. Details will be announced when the transaction closes.
Wheels Up Founder and CEO Kenny Dichter will continue in his role leading the Wheels Up senior management team as it builds its partnership with Delta. Additionally, Wheels Up is committed to providing ongoing career opportunities for Delta Private Jets employees, who provide world-class private travel, safety and service.
The transaction is expected to close early next year, and in the interim, Delta Private Jets and Wheels Up will continue to serve and communicate with their existing employees, customers, members, partners and vendors in the same manner in which they do today.
The transaction is subject to customary closing conditions and required governmental and regulatory approvals. Financial terms of the transaction will not be disclosed, and there is no expected impact to Delta’s 2019 financial guidance.
About Wheels Up
Wheels Up is a leading private aviation company that delivers a total aviation solution. It offers three membership options—Connect, Core, and Business—that significantly reduce the cost to fly privately, while offering unparalleled safety, service, flexibility, and quality to over 6,000 Wheels Up Members across North America. Wheels Up provides its members guaranteed access to a fleet of over 115 private aircraft, consisting of the King Air 350i, Hawker 400XP, Citation Excel/XLS, and Citation X—up to 365 days a year, with as little as 24 hours’ notice, and at fixed hourly rates for time flown only.
In addition to its Wheels Up fleet of aircraft options, Wheels Up offers its members access to its Charter Marketplace, an innovative digital platform that allows them to search a ready-when-available inventory of over 1,200 private aircraft from Wheels Up safety-vetted and verified operators with real-time pricing, which can be instantly booked.