Wheels Up, a private aviation company, announced this week that it has entered into a definitive agreement to acquire certain material assets of Avianis Systems, LLC, a private aviation technology company that provides an advanced Flight Management System ("FMS") for private aircraft owners, operators, management companies, charter brokers, and flight departments.
Wheels Up is making significant investments in technology that will develop new functionality to help private aircraft operators digitize and streamline their services via post-booking automation; calculate real-time pricing, feasibility, and availability; and create new revenue streams through access to additional flight demand at scale.
The acquisition will also allow Wheels Up to accelerate the development of its next-level platform, including its digital Charter Marketplace. Wheels Up offers a private aviation solution for its 6,000+ members across North America. Wheels Up Core and Business Members receive guaranteed access to a members-only fleet of 93 King Air 350i, Citation Excel/XLS and Citation X aircraft (operated exclusively by Gama Aviation).