New York City-based Wheels Up, a private member-based aircraft operator, today said it was adding Travel Management Company (TMC) to its portfolio. The acquisition is responding to the increasing demand from Wheels Up members for high-quality light jets that meet Wheels Up’s stringent safety and operational standards. TMC is the largest wholesale-focused light jet operator in the U.S. operating an owned and leased fleet of Hawker 400XP aircraft across North America. TMC’s fleet of 26 Hawker 400XP aircraft will complement Wheels Up’s current fleet of 93 aircraft.
TMC will continue to operate out of its current Elkhart, IN, location as an independent subsidiary of Wheels Up providing the same service to its existing wholesale channel partners. TMC customers and wholesale channel partners will continue to engage with their respective TMC contacts, including Phil Dodyk and the TMC leadership team. The deal was effective May 31, 2019, although specific financial terms of the transaction were not disclosed.
