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 U.S. fleet to boost operational efficiency and meet high demand.
This follows its acquisition of U.K.-based Air Partner PLC, a global aviation services group, which significantly expands Wheels Up's international reach and service capabilities.
These strategic acquisitions are central to Wheels Up's marketplace model, aiming to rapidly scale its operations and "democratize private aviation."

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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.