Charles Alcock is managing editor of the AIN Media Group, having rejoined the company in 2019. He has been an aviation journalist since 1986, and previously worked for AIN from 1990 to 2017, most recently as editor-in-chief. His main focus is on covering new aviation technology and business models, as well as international news.
Having been raised in the London area, Alcock studied at the University of Manchester in the UK and earned an honors degree in Politics and Modern History. He speaks English and French, and some German.

Managing Editor

Sarah Rose (they/them) is a news writer and reporter for AIN. 
Prior to AIN, Sarah worked as a journalist for Georgia Public Broadcasting, Georgia&#039;s statewide NPR and PBS affiliate. They have also worked for several national nonprofits and as a legislative assistant in U.S. Congress. As an openly nonbinary reporter, they are a proud member of the Trans Journalists Association. 
Sarah is a 2012 graduate of Kennesaw State University.

News Writer

Bombardier manufactures a variety of business aircraft models, provides engineering, and aircraft maintenance services.

Charles Alcock

Sarah Rose

Wheels Up is modernizing its jet fleet through a plan to consolidate the number of different aircraft types it operates to primarily two models: the Embraer Phenom 300 and Bombardier Challenger 300/350. The private flight provider also announced on Tuesday that it has lined up a $332 million credit facility from Bank of America, backed by the operator's main shareholder, Delta Air Lines.
During a briefing at NBAA-BACE 2024, Wheels Up CEO George Mattson told reporters the company has agreed to acquire GrandView Aviation’s entire fleet of 17 Phenom 300s and 300Es. The $105 million purchase price includes some related maintenance assets from the U.S. charter operator.
While the transaction is closing, GrandView, part of the Global Medical Response group, will operate the Phenoms on Wheels Up’s behalf for its membership and charter products. The deal is expected to be finalized before the end of the year, at which point the aircraft will be switched to Wheels Up’s air operator certificate. Wheels Up said it expects to employ most of GrandView’s pilots and also aims to fulfill service agreements with the company’s existing customers.
At the same time, Wheels Up is now looking to acquire a fleet of preowned Challenger 300s and 350s through the secondary market. The transactions for the super midsized jets will be a mix of outright purchases and long-term leases.
As part of the transition plan, Wheels Up will sell all 13 of its Citation X aircraft to an undisclosed third party. The Atlanta-based company intends to lease back some of these jets from the new owner and will amend existing lease terms for other Citation X aircraft currently leased from the same buyer.
Over the next three years, and subject to market conditions, Wheels Up said it will gradually retire its fleet of light and midsized jets while retaining its Beechcraft King Air twin turboprops—the model that launched and served as the foundation for Wheels Up's operations—for some customers. Once the fleet transition is complete, the operator said it will have reduced the average age of its aircraft by around 10 years.
The first Challenger 300s are set to be introduced to the Wheels Up fleet at the start of next year, and these will be available initially to both charter customers and program members on some routes. By the end of 2025, Wheels Up expects to be able to offer the type across all of its guaranteed service areas.
“Fleet modernization is the next critical step in the journey of Wheels Up,” said Mattson. “We believe our flexible, accessible offerings across programmatic membership and global charter, enhanced through our one-of-a-kind strategic partnership with <a href="https://www.ainonline.com/aviation-news/general-aviation/2024-09-23/wheels-investors-agree-one-year-lock-extension">Delta Air Lines</a>, already delivers the most customer-centric global aviation solutions available in the market today.”
Speaking to reporters at NBAA-BACE, Mattson explained how his journey from the board of Delta Air Lines to the top of Wheels Up reflects his company's core mission: to connect private flyers to aircraft and one another and to deliver exceptional personalized flying experiences.&nbsp;
“I stepped off the Delta board to create the first strategic partnership in history to combine the separate ecosystems of commercial and private aviation into one seamless, flexible, and accessible offer that allows the customer to choose their optimal mode of travel trip by trip, whether it be commercial, private, or a hybrid,” he said.
<h2>Better Connectivity, More Cash</h2>
Wheels Up has also signed a letter of intent with Gogo Business Aviation to equip its new Phenoms and Challengers with Gogo Galileo HDX low-earth-orbit, satellite-based Wi-Fi service. Under the terms of the agreement, Gogo has committed to complete certification of the system and have the HDX packages approved for use on Challenger and Phenom aircraft by the middle of 2025 as these types enter Wheels Up’s fleet.
The five-year senior secured revolving credit facility is expected to be available in time for the GrandView fleet acquisition to close this quarter. It will also fund the redemption of all outstanding notes on aircraft the company owns and general corporate activity.
The new funding is expected to provide up to $115 million of additional cash for the <a href="https://www.ainonline.com/aviation-news/business-aviation/2024-08-08/wheels-cuts-losses-and-smoothes-operations-2q">Wheels Up balance sheet</a>. Additional borrowing will be available under specified conditions to support the plan to opportunistically acquire Challengers and Phenoms.
“In the year since we’ve invested in Wheels Up, their operational performance, financial progress, and the successful revamp of their customer offering have validated our decision to embark on this one-of-a-kind partnership,” said Delta Air Lines CEO Ed Bastian.
“Underpinned by those key improvements and further fueled by the forthcoming execution of this modernized fleet strategy, we feel more confident than ever that Wheels Up is on track to be a global leader in private aviation as we work together to build an unrivaled partnership spanning across commercial and private travel.”

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.

Wheels Up Refreshes and Consolidates Jet Fleet With New Credit Facility

Private flight provider is also installing Gogo's Galileo HDX Wi-Fi service

In 2025, Wheels Up will operate two types of jet, Embraer's Phenom 300 and Bombardier's Challenger 300 under a fleet rationalization plan backed by new funding.

Wheels Up Refreshes Jet Fleet With New Credit Facility

2024 Corporate Aviation Leadership Summit

Peter Shaw-Smith

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

News about simulators and training procedures, as well as workforce.

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Founders based in Jordan and Egypt offer consultancy and support to growing industry

Charter Broker MD Aviation Officially Launches at MEBAA

News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

Showroom will be located at the Emirates Palace Mandarin hotel

RightJet Launches Abu Dhabi Showroom

Matt Thurber

Charter flight broker is making its MEBAA Show debut

Chapman Freeborn Passenger Count Surges in Middle East

Four of 10 Gulfstream long-range jets on order by operator have been delivered to date

Qatar Executive's G700 Choice Validated by Charter Demand

News and developments about everything that goes into the cabin of an aircraft, from floor coverings to headliners, with a special emphasis on in-flight entertainment, communications and other electronics for passengers. If it is in the cabin of an aircraft, it’s covered here.

NBAA-BACE 2024

In this article

Phenom 300/300E

Challenger 300/350/3500

Wheels Up

More In Charter & Fractional

Charter Broker MD Aviation Officially Launches at MEBAA

Founders based in Jordan and Egypt offer consultancy and support to growing industry

RightJet Launches Abu Dhabi Showroom

Showroom will be located at the Emirates Palace Mandarin hotel

Chapman Freeborn Passenger Count Surges in Middle East

Charter flight broker is making its MEBAA Show debut

Qatar Executive's G700 Choice Validated by Charter Demand

Four of 10 Gulfstream long-range jets on order by operator have been delivered to date

Global Jet Expands Dubai-based Charter Flight Team

Company reported "unprecedented growth" for aircraft management services

UAE Prosperity Drives Fleet Growth at Empire Aviation

Company says increased wealth and economic growth in region is spurring infrastructure investments

UAS Launches Managed Charter Fleet with Global Express

Trip support group is expanding into charter and aircraft sales markets

Jung Sky Reports Charter Growth, Marks 15th Anniversary

Demand for charter flights is up by around 15% compared with 2022

AIN Products

SUBSCRIPTIONS

RESOURCES

ABOUT AIN