Wheels Up Buys Alante Air Charter, Continues to Expand Marketplace

Deal comes on the heels of acquisition of U.K.-based Air Partner PLC.

Michael Wildes

Friday, February 04, 2022 at 03:23 PM ET

Verified

[Courtesy: Wheels Up]

Key Takeaways:

Wheels Up recently acquired Alante Air Charter, adding 12 light jets and 39 pilots to its fleet, enhancing operational efficiency and addressing high demand for light jets.
This acquisition follows last week's announcement of acquiring UK-based Air Partner PLC, significantly expanding Wheels Up's global reach, services, and market presence, particularly in Europe.
These strategic acquisitions align with Wheels Up's post-IPO objective to rapidly scale its marketplace model and democratize private aviation through increased fleet capacity and market penetration.

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Wheels Up (NYSE: UP), a private member-based aircraft operator, announced Thursday that it has acquired Alante Air Charter, a Part 135 operator established in 2014 and based in Scottsdale, Arizona.

This announcement follows previous acquisition news by the company just last week of Air Partner PLC (LSE: AIR), a U.K.-based global aviation services group with operations in 18 locations across four continents.