Becomes One Of The Largest Aircraft Management Companies In The World

Wheels Up, the leading brand in private aviation, has acquired Gama Aviation LLC (doing business as Gama Aviation Signature), a leading private aviation services company that provides aircraft management, private jet charter, and ancillary support for its managed aircraft. The transaction closed on March 2, 2020. Gama Aviation Signature has been the exclusive operator of the Wheels Up fleet of King Air 350i, Citation Excel/XLS and Citation X aircraft since Wheels Up launched in 2013.

Wheels Up now takes ownership of Gama Aviation Signature, whose aircraft management and charter businesses complement the recent deal with Delta Air Lines and the acquisitions of Delta Private Jets (DPJ), Travel Management Company (TMC), and Avianis Systems. With this latest purchase, Wheels Up now has an owned and managed fleet of over 300 planes.

"This transaction supports our long-term vision for the future of Wheels Up, and as we continue to build the fleet and offer aircraft management services, we are uniquely positioned in the market with a full ecosystem for all private aviation needs," said Kenny Dichter, Founder and CEO of Wheels Up. "We welcome Gama and their pilots into our Wheels Up family as a natural step based on the successful history of our two companies."

"We are thrilled to officially join Wheels Up and will continue to provide Wheels Up members with industry-leading safety and service," said Tom Connelly, President and CEO of Gama Aviation LLC. "Kenny and his team have created a powerful and trusted brand, which we are excited to be a part of."

Gama Aviation Signature will operate as a wholly owned subsidiary of Wheels Up and continue to provide the same service to existing aircraft management and charter customers out of its current location in Shelton, CT. Additionally, Wheels Up is committed to providing ongoing career opportunities for Gama employees who deliver world-class private travel, safety and service.

Financial terms of the transaction will not be disclosed.

(Source: Wheels Up news release)

FMI: www.wheelsup.com