New program designed for businesses that spend
at least $250,000 in private travel
services and recognize the value of business aviation as a tool to
enhance efficiency and productivity
Up for Business expected to deliver greater
fleet utilization during weekdays, when individual and leisure
travel demand is historically low
NEW
YORK, Oct. 31, 2023 /PRNewswire/ -- Wheels Up
Experience (NYSE: UP), a leading on-demand charter operator in
the United States, today announced
a new corporate program, Up for Business, to better serve its small
and medium-sized enterprise members with a tailored private
aviation solution that features industry-leading pricing,
discounts, and benefits designed specifically for this size
business and their executives.
The new program supplements the company's portfolio of products
designed specifically for corporate travel. Wheels Up's significant
network density along the east and west coasts and differentiated
corporate flight solutions are anticipated to complement the flying
habits of most corporate travelers. Up for Business is available
starting November 1.
"Wheels Up corporate members now have the ability to choose a
solution that fits their flight profile and business needs," said
Robert Bourrier, EVP, Global Sales.
"Historically, smaller to medium-size businesses were forced to
adapt to either a product that was designed for individuals or a
solution that was built for large corporations. We see an
opportunity to deliver a tailored product to members rather than a
one-size-fits all offering, while capturing the operational and
financial benefits of a balanced fleet utilization throughout the
week."
"By adding a sensible layer for businesses that falls within the
small and medium-sized tier, we are able to offer superior pricing,
better service and benefits. We expect this new product to improve
the efficiency and profitability of our operations with a more
balanced utilization of our fleet throughout the week – all while
keeping the member firmly at the center of everything we do."
Supported by a dedicated corporate sales team, Wheels Up will
now offer two programs for corporate fliers – Up for Business for
small and medium-sized companies with either a $250,000 or $300,000+ deposit, and the existing
business membership for larger businesses/high volume fliers
focused on Custom Enterprise Solutions with either a $500,000 or $1 million+ deposit.
The new Up for Business program will offer a significantly
reduced deposit, initiation fee, annual dues and contract term of
18-months, a new round trip discount and unlimited lead passenger
designees. Up for Business members will also benefit from having
access to a second aircraft on the same day once per
quarter.
Wheels Up continues to offer enhanced, unique-to-the-industry,
benefits to all members through our long-standing partner and
investor, Delta Air Lines, the No. 1 premium airline in the world.
Up for Business members at $250,000
deposit will receive one Diamond Medallion designee and members
depositing $300,000 will receive two
of the highly coveted SkyMiles status. Further, all members will
continue to have the ability to use funds on deposit for both
private travel with Wheels Up and commercial trips on Delta
flights.
"Wheels Up is an integral part of Delta's portfolio of premium,
corporate flight solutions providing unique benefits to our
respective and joint customers.," said Bob
Somers, SVP, Global Sales, Delta Air Lines. "The Up for
Business customer is an important segment within the total
addressable market for business travel. We look forward to working
closely with the Wheels Up team to provide unparalleled service as
leaders in commercial and private aviation."
About Wheels Up
Wheels Up is a leading provider of on-demand private aviation in
the U.S. and one of the largest private aviation companies in the
world. Wheels Up offers a complete global aviation solution with a
large, modern, and diverse fleet, backed by an uncompromising
commitment to safety and service. Customers can access membership
programs, charter and whole aircraft sales, as well as unique
commercial travel benefits through a strategic partnership with
Delta Air Lines. Wheels Up also offers freight, safety and security
solutions and managed services to individuals, industry,
government, and civil organizations.
Wheels Up is guided by the mission to connect private flyers to
aircraft, and one another, through an open platform that seamlessly
enables life's most important experiences. Powered by a global
private aviation marketplace connecting its base of approximately
12,000 members and customers to a network of approximately 1,500
safety-vetted and verified private aircraft, Wheels Up is widening
the aperture of private travel for millions of consumers globally.
With the Wheels Up mobile app and website, members and customers
have the digital convenience to search, book and fly.
To learn more about Wheels Up, go to Wheelsup.com.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains certain "forward-looking statements"
within the meaning of the federal securities laws. Forward-looking
statements are predictions, projections and other statements about
future events that are based on current expectations and
assumptions and, as a result, are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside of the control of Wheels Up. The words
"anticipate," "continue," "could," "expect," "plan," "potential,"
"should," "would" and similar expressions, including references to
future efficiencies or profitability, may identify forward-looking
statements, but the absence of these words does not mean that
statement is not forward-looking. Factors that could cause actual
results to differ materially from those expressed or implied in
forward-looking statements can be found in Wheels Up's filings with
the U.S. Securities and Exchange Commission. You are cautioned not
to place undue reliance upon any forward-looking statements, which
speak only as of the date made. Except as required by law, Wheels
Up does not intend to update any of these forward-looking
statements made in this press release.
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SOURCE Wheels Up
