Wheels Up completes fleet modernization 18 months early

Wheels Up Experience Inc. (NYSE: UP) has completed its transition away from legacy jet fleets, finishing the fleet modernization effort approximately 18 months ahead of schedule, the company announced.

The private aviation provider has moved its on-fleet jet operations exclusively to Phenom 300 and Challenger 300 series aircraft as part of a strategy first announced in October 2023. The company retired its legacy Citation X and Hawker 400XP jet aircraft from revenue service.

"Achieving this milestone over a year ahead of schedule reflects the focus and discipline behind our fleet modernization strategy," said George Mattson, Chief Executive Officer of Wheels Up. "Retiring our legacy jet fleets from revenue service repositions our offering to a more consistent, premium and operationally efficient experience for our members and customers."

The fleet changes are part of a broader transformation designed to improve customer experience and simplify the company's product and fleet architecture. Wheels Up stated that operating with two aircraft types positions the company to drive scale efficiencies and align fleet availability with customer demand.

The company will continue to fulfill existing member commitments for the retired aircraft through its network of third-party partner operators. Members and customers will maintain access to charter solutions through the company's controlled fleet and partner network, as well as benefits from its strategic relationship with Delta Air Lines.

The information is based on a company press release statement.

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