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 form a new partnership.
- The merger aims to "democratize private aviation" by integrating private and commercial travel, making it more accessible to a wider range of consumers.
- The combined entity will feature a fleet of over 190 private aircraft and more than 8,000 members and customers, with Wheels Up's CEO Kenny Dichter leading and Delta holding an equity position.
- This transaction, expected to close early next year, leverages Wheels Up's digital platform and membership programs with Delta Private Jets' existing infrastructure and Delta's global network.
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