Wheels Up has divested its business aircraft brokerage division to 5x5 Trading, a newly formed business aircraft brokerage and advisory firm founded by former leaders at the Wheels Up division—John Odegard, Seth Zlotkin, and Chris Brenner—and aircraft management and sales veteran Jeremy Bogle.

Tampa, Florida-based 5x5 has also signed a three-year strategic services agreement that makes it the exclusive provider of aircraft acquisition and disposition services for Wheels Up. Additionally, 5x5 will provide Wheels Up with fleet planning guidance and support Wheels Up and Air Partner members and customers on aircraft transactions.

“We look forward to working closely with the 5x5 Trading team,” said Wheels Up CEO George Mattson. “John, Seth, Chris, and Jeremy are proven industry leaders with a strong record of success in the aircraft sales and acquisition space.”

5x5 Trading, an International Aircraft Dealers Association-accredited broker-dealer, provides brokerage, acquisition, trade, and new aircraft advisory services and solutions to the business aircraft market.