The business aviation sector is a tale of two worlds when it comes to mergers and acquisitions. While there is not much movement in the manufacturing side of the industry, investors seem interested in buying fixed-base operators (FBOs) or other business aviation services businesses. When it comes to FBOs, dealmaking is hot and expected to remain so as post-pandemic business jet activity ramps up from what turned out to be a muted decline during the novel coronavirus outbreak. Credit: Getty Images
Signature Aviation Acquisition A $4.7 Billion Deal Blackstone Infrastructure Partners, Blackstone Core Private Equity, Cascade and Global Infrastructure Partners forged a deal to purchase Signature Aviation for $4.7 billion, following a public bidding war. The acquisition is expected to close in the second quarter of 2021. Credit: Signature
Wheels Up reveals record Q1 revenue and reduced net loss - Corporate Jet Investor
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BizAv Mergers & Acquisitions: Where Is It Headed? | Aviation Week Network
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Wheels Up Announces Record Revenue for First Quarter 2021
Strong year-over-year revenue growth of 68%
Investment in innovation, products, and technology drives significant momentum in ongoing strategic plan
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NEW YORK, May 20, 2021 /PRNewswire/ Wheels Up Partners Holdings LLC ( Wheels Up ) today announced financial results for the first quarter which ended March 31, 2021.
First Quarter 2021 Highlights
Active Members grew 56% year-over-year to 9,896
Adjusted EBITDA improved by $8.4 million year-over-year to ($8.7) million
Net loss improved by $12.3 million year-over-year to ($32.2) million We started this year strong, with record revenue driven by increased flying from our significant membership growth, and contributions from recent acquisitions. Our customers are flying longer distances and across all fleet categories. It is clear they continue to see the value in our trusted brand, reputation for exceptional ser