M&A Deal Summary

Wheels Up Acquires Air Partner

On April 1, 2022, Wheels Up acquired airliner Air Partner for 109M USD

Acquisition Highlights
  • This is Wheels Up’s 1st transaction in the Airlines sector.
  • This is Wheels Up’s largest (disclosed) transaction.
  • This is Wheels Up’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2022-04-01
Target Air Partner
Sector Airlines
Buyer(s) Wheels Up
Deal Type Add-on Acquisition
Deal Value 109M USD

Target

Air Partner

Gatwick, United Kingdom
Air Partner is a provider of private aviation services to industry, commerce, governments and private individuals worldwide. Air Partner was founded in 1961 and is based in Gatwick, United Kingdom.

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Buyer(S) 1

Buyer

Wheels Up

New York, New York, United States
Category Company
Founded 2013
Sector Airlines
DESCRIPTION

Wheels Up is a provider of private aviation services in the U.S. through a fleet of owned, managed, and third-party planes. Its mission is to connect flyers to private aircraft and one another to deliver exceptional, personalized experiences. Wheels Up was founded in 2013 and is based in New York City.

DEAL STATS #
Overall 5 of 5
Sector (Airlines) 1 of 1
Type (Add-on Acquisition) 5 of 5
Country (United Kingdom) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Mountain Aviation

Broomfield, Colorado, United States

Mountain Aviation provides the Colorado Rocky Mountain Region with premier charter and owner-operated aircraft services for more than twenty years. With 24-hour scheduling service, flight tracking, and unmatched Citation Jet fleet availability, Mountain Aviation has emerged as the pacesetter in corporate aviation in the Colorado Rocky Mountain Region. The company offers executive charter services, aircraft management programs (our exclusive Corporate Aviation Solutions Programs) aviation consulting including aircraft acquisitions and sales. It is an FAA Air Carrier with worldwide charter experience and an AR/GUS Platinum Rating record of safety. Mountain Aviation has aircraft based in Denver, Fort Collins, Colorado, and Boise, Idaho.

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