M&A Deal Summary

Wheels Up Acquires Travel Management

On June 3, 2019, Wheels Up acquired aerospace company Travel Management

Acquisition Highlights
  • This is Wheels Up’s 1st transaction in the Aerospace sector.
  • This is Wheels Up’s 1st transaction in the United States.
  • This is Wheels Up’s 1st transaction in Indiana.

M&A Deal Summary
Date 2019-06-03
Target Travel Management
Sector Aerospace
Buyer(s) Wheels Up
Deal Type Add-on Acquisition

Target

Travel Management

Elkhart, Indiana, United States
Travel Management Co. is the largest wholesale-focused light jet operator in the U.S. Based in Elkhart, Indiana (EKM), the company owns and operates a uniform fleet of 26 Hawker 400XPs, which primarily service wholesale charter customers for their on-demand private charter flights east of the Mississippi.

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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 1 of 5
Sector (Aerospace) 1 of 4
Type (Add-on Acquisition) 1 of 5
State (Indiana) 1 of 1
Country (United States) 1 of 3
Year (2019) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Avianis Systems

Austin, Texas, United States

Avianis Systems LLC is 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.

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