Wheels Up and Delta Air Lines 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, digital platform and lifestyle experiences with Delta Private Jets existing infrastructure to create a partnership with a fleet of more than 190 private aircraft and over 8,000 members and customers.
Wheels Up and Delta Private Jets Agree to Combine in 2020
Key Takeaways:
- Wheels Up and Delta Private Jets, a wholly-owned subsidiary of Delta Air Lines, are combining to create a unified private aviation entity.
- This transaction will form a larger private aviation company with over 190 aircraft and more than 8,000 members, aiming to democratize and make private jet travel more accessible.
- The partnership will integrate Wheels Up's membership programs and digital platform with Delta Private Jets' infrastructure, with Wheels Up CEO Kenny Dichter leading and Delta holding an equity stake.
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