All articles tagged with #private jet travel
Private jet travel is experiencing a boom in 2025, driven by increased demand from the ultrawealthy, a desire for privacy, and more accessible ownership models, with the industry seeing a 5% rise in flights and new luxury jets like the Gulfstream G700.
Wheels Up Experience, a private jet charter company, expressed doubts about its ability to continue operations and saw its shares plummet by 42% after disclosing short-term funding from Delta Air Lines. The company has implemented various restructuring measures, including job cuts and management changes, as private jet traffic has slowed down following the surge in demand during the pandemic. Delta Air Lines provided a secured promissory note as a capital infusion, but the size of the funding was not disclosed. Wheels Up also announced a potential acquisition of its non-core aircraft management business by U.S. private jet operator Airshare.