Wheels Up Acquires Travel Management Company | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-11.04.24

Airborne-NextGen-11.05.24

Airborne-Unlimited-10.30.24

Airborne-FlightTraining-10.31.24

Airborne-Unlimited-11.01.24

Mon, Jun 10, 2019

Wheels Up Acquires Travel Management Company

Acquisition Adds Complementary Aircraft To Bolster Light Jet Offering And Charter Marketplace

Wheels Up has acquired Travel Management Company (TMC), with an effective closing date of May 31, 2019. TMC, the largest wholesale-focused light jet operator in the U.S., operates an owned and leased fleet of Hawker 400XP aircraft in North America.

This strategic acquisition is in response to increasing demand from Wheels Up Members for high-quality light jets that meet Wheels Up's stringent safety and operational standards. As a complement to the current Wheels Up fleet of 93 aircraft, TMC's fleet of 26 Hawker 400XP aircraft will further strengthen the Wheels Up Light Jet offering and growing Charter Marketplace.

"This acquisition is a foundational piece in our continued brand evolution and mission to provide our members with a total private aviation solution, and we are thrilled to be welcoming TMC into the Wheels Up family," said Kenny Dichter, Founder and CEO of Wheels Up. "TMC and their light jet fleet are a perfect complement to our anchor partner, Gama Aviation, and their pilots, who will continue to operate the aircraft in our Wheels Up fleet and provide our members with the same high level of safety and service that they do today."

Phil Dodyk, CEO of TMC, said, "The team at TMC is world-class, and we're proud of the reputation we've earned for being one of the safest and most reliable operators in private aviation. By joining Kenny and the Wheels Up team, we're excited to become part of such a renowned brand and a larger company that is deep with talented leadership, which shares our collective vision of building an industry leader."

TMC will operate as an independent subsidiary of Wheels Up and continue to provide the same service to their 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. TMC will continue to operate out of its current location in Elkhart, IN.

Specific financial terms of the deal were not disclosed.

(Image provided with Wheels Up news release)

FMI: wheelsup.com

Advertisement

More News

ANN's Daily Aero-Term (11.02.24): Ground Controlled Approach

Ground Controlled Approach A radar approach system operated from the ground by air traffic control personnel transmitting instructions to the pilot by radio. The approach may be co>[...]

Classic Aero-TV: Planetags Give Old Planes A Second Life

From SUN n FUN 2024 (YouTube Edition): Put a Piece of Aviation History In Your Pocket PlaneTags have become a yearly presence at pretty much every airshow of note, and it’s n>[...]

ANN's Daily Aero-Linx (11.02.24)

Aero Linx: Vuichard Recovery Aviation Safety Foundation (VRASF) The purpose of the Foundation is the widest possible national and international dissemination of the Vuichard Recove>[...]

Airborne-NextGen 10.29.24: Major AAM Effort Kaput, Blue Origin, Powered Lift Reg

Also: AURA AERO Builds in FL, NATA on SFAR, Textron-Starlink, SocMed Drone Scandal In a move that seemed to come out of left field, Lilium announced it is on the verge of insolvenc>[...]

Airborne 11.01.24: XB-1 Flies Again, Evektor Fleet Sale, Zepp Record Remembered

Also: Senator Pushes FAA, Gulfstream Goes Starlink, Crew-8 Astro Out of Hospital, PC-12 Flight Hours Boom Supersonic’s XB-1 demonstrator aircraft successfully carried out Fli>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC