Wheels Up holds steady in Q2 amid cost cuts Wheels Up reported flat revenue of $196m for the second quarter of 2024. Despite relatively unchanged top-line figures, the company’s results showed progress in cost management and operational efficiency. The private aviation company saw an 8% increase in flight service revenue to $163.6m, offset by declines in other areas such as membership and aircraft management. “Since the strategic investment, we have made strong progress on a number of key fronts. Revenues have stabilised after a long period of time as we continue to make changes across the board,” said George Mattson, the company’s CEO while talking to Corporate Jet Investor. #WheelsUp #WheelsUpFinancialResults #Q2FinancialResults #AviationIndustry #PrivateAviation #BusinessAviation #FinancialPerformance #EarningsReport #PrivateJetIndustry #LuxuryLifestyle #CorporateAviation #AviationNews Read full below. https://lnkd.in/eDvy6XNH
About us
Corporate Jet Investor is dedicated to the business jet market. Our conferences bring the industry together, our website provides analysis and insight and our weekly email keeps people updated. Conferences • Corporate Jet Investor London • Corporate Jet Investor Asia • Corporate Jet Investor Miami • Corporate Jet Investor Dubai • Corporate Jet Investor Brazil Specialist training courses • Aircraft Transaction Masterclass Testimonials “Corporate Jet Investor is a game changer” - Thomas Flohr, VistaJet “Always good value for money. Great networking event with across the board insight into our industry” - Gary Dolski, MetroJet Limited “A high profile event that I look forward to and ensure that I attend every year. Great agenda and networking opportunities” - Khaldoun Ghalayini, Gulf Wings “HANDS DOWN THE GREATEST TAKE AWAY VALUE CONFERENCE IN BUSINESS AVIATION” - Johnny Foster, OGARAJETS
- Website
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http://www.corporatejetinvestor.com
External link for Corporate Jet Investor
- Industry
- Events Services
- Company size
- 11-50 employees
- Headquarters
- London
- Type
- Privately Held
- Founded
- 2010
- Specialties
- aircraft finance, corporate jet finance, business jet finance, Private jet finance, conferences, events, and business aviation
Locations
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Primary
Church Street
Reigate
London, GB
Employees at Corporate Jet Investor
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Alasdair Whyte
Co-founder: Corporate Jet Investor, Helicopter Investor, Superyacht Investor, Revolution.aero, SAF Investor, Semaphore Intel
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Terry Spruce
Managing Partner at Spruce Aviation Associates/Freelance Aviation Journalist/Aoircraft Editor CJI & HI
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Louise Bolton
Business Development Manager - SAF & Corporate Jet Investor, Superyacht Investor, Helicopter Investor & Revolution.Aero
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Rebecca Batchelor
Business Development Manager @ Corporate Jet Investor, SAF Investor, Revolution.Aero, Helicopter Investor, Superyacht Investor | Sponsorship Sales
Updates
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🌏 Join Us at Corporate Jet Investor Asia 2024! 📅 Date: September 16-18, 2024 📍 Location: Shangri-La, Singapore ⏰ Early bird sale ends on Friday 16th August! 🌐 https://lnkd.in/ek_xtqk3 Network with over 300 leading financiers, lawyers, operators, brokers, insurers, manufacturers, appraisers, and many others who are instrumental in growing and supporting Asia's fleet. Don't miss out on this opportunity to expand your network, share your insights and drive the future of business aviation in Asia. #CJIAsia #businessaviation #bizav
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Embraer extends $1bn syndicated credit Brazilian aerospace manufacturer Embraer announced extension of $1bn syndicated credit agreement for five years securing credit at pre-negotiated rates. “The extension of a significant syndicated credit line reinforces Embraer’s liquidity for the next five years, providing important support for our long-term strategy. Our partnership with strong and marquee financial institutions reinforces Embraer's credit quality,” highlighted Antonio Carlos Garcia, CFO, Embraer. Read full below. https://lnkd.in/gAiqpBe7
Embraer extends $1bn syndicated credit | Corporate Jet Investor
https://www.corporatejetinvestor.com
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Have you booked your ticket for #CJIAsia yet? Join us in Singapore to hear a fantastic range of topics and speakers including a panel considering How financier view asset values Jon Dahlfors - Stonebriar Commercial Finance, Vivek Kaushal - Global Jet Capital and Chris Miller - Jet Support Services, Inc. (JSSI) will discuss the questions - Are we seeing normal depreciation? What is the best way to protect values? Sign up today for panels, presentations and interviews and lots of great networking opportunities: https://lnkd.in/ek_xtqk3
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SkyShare survey: 84% of execs interested in private flying Up to 84% of c-suite executives and senior business leaders are interested in private flying, according to a new survey from SKYSHARE. But 75% of respondents cited cost as the main barrier to using private aviation. The research, which surveyed 1,000 full-time c-suite executives or senior management, revealed a significant increase in private flight usage due to its flexibility, efficiency, and peace of mind for travellers. 37% of respondents reported traveling monthly for business, with 77% using commercial flights as their main mode of transport. More than one third of respondents identified a significant desire for peace of mind when traveling. This was described as eliminating layovers, never losing bags, going straight to the plane, avoiding cancellations and delays. However, 75% of respondents identified cost as the main deterrent preventing them from using private aviation for travel. “This survey was an opportunity to hear from folks who want to be our customers,” said Cory Bengtzen, CEO and founder, SkyShare. “How can we meet them where they are? All business leaders would love to fly private, but there are still a multitude of hurdles to overcome, with cost being the most significant hurdle.” To address these concerns, travel solutions must cater specifically to the unique needs of today’s business leaders, he added. “Approximately 62% of respondents indicated they are likely to consider private aviation for business travel needs, so the desire is absolutely there,” said Bengtzen. It is the industry’s responsibility to come up with new ways to provide a lower-cost option to help these leaders achieve their business’ goals, according to the company. Read the full story - including the second most significant deterent for potential business jet clients - via the link. tinyurl.com/2wt64m27 #privatejets #businessjets #businessaviation #aviation #airlines
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The agenda at #CJIAsia covers topics across the industry and staffing is a ket topic right now. We are delighted to welcome Raghu Menon, President at Titan Aviation as part of a panel discussion considering how to retain the key assets - the workforce. Book your ticket to join us in Singapore: https://lnkd.in/ek_xtqk3
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We would really love your input in the below survey, if you have a spare moment: #businessaviation #marketresearch #netzero
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Join us in Surrey, UK, from September 30th to October 2nd for the Aircraft Transaction Masterclass, a specialised two-day residential course. This intensive program is tailored to provide participants with a thorough understanding of the aircraft transaction process, from start to finish. Throughout the masterclass, attendees will explore the critical aspects of buying, selling, and financing aircraft. Topics covered include legal and regulatory requirements, effective negotiation strategies, and key financial principles. Led by seasoned industry experts, the course features engaging seminars and real-world case studies. Participants will leave with the practical knowledge and skills needed to excel in the competitive field of aircraft transactions. Sign up now from £2999.00 - prices include your accommodation as well. https://lnkd.in/gvYM8RN4
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Did you know that 56% of the CJI Miami audience back in 2023 felt the market was turning and not ideal for buying inventory? Now that we're well into 2024, have you noticed any changes or new opportunities? 🤔 Exciting news - the agenda for the 12th edition of CJI Miami is shaping up, and we have some amazing speakers lined up for you! 🎉 Check out all the details here and stay in the loop with the industry: https://lnkd.in/erfxHjBn #CJIMiami #bizavevent #businessaviation ✈️ Embraer Michael Amalfitano
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Private jet tracking is not a new phenomenon, but the advent and exponential growth of social media have raised its notoriety, according to David Gitman, president at Monarch Air Group. Pop singer Taylor Swift and businessman Elon Musk have both been the subject of social media accounts—created by a University of Florida undergraduate named Jack Sweeney—dedicated to tracking their aircraft movements globally, with tens of thousands of followers on each account. Both also threatened legal action against Sweeney for his actions. Whilst many will say the impact on Musk, Swift, or any celebrity’s flying habits is negligible, examples of aircraft tracking affecting business are not uncommon. One of the most infamous tracking incidents took place in 2019, according to Gitman, when Occidental Petroleum CEO Vicki Hollub took a company aircraft to Omaha, Nebraska—the home of Berkshire Hathaway CEO Warren Buffett. The Tuesday after, Berkshire Hathaway announced it would take a $10bn preferred share stake in Occidental, contingent on its acquisition of Anadarko Petroleum succeeding. “Sure enough, Occidental visit on the Saturday, and by the Sunday people are making stock bets because that is what the stock market does,” Gitman told CJI. “In my opinion, that incident and others like it—think about the movie Wall Street—they’re more important than Elon Musk or Taylor Swift. When I speak to my colleagues in investment banking or financial services, they tell me they do this regularly.” Read full: https://lnkd.in/ebJCcn32
Private jet tracking gains notoriety, is there a solution? | Corporate Jet Investor
https://www.corporatejetinvestor.com