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Stock impact report

Private Aviation Is Booming And Bursting At The Seams [Forbes]

Wheels Up Experience Inc. Class A (UP) 
Company Research Source: Forbes
in private aviation is booming. At the opening lunch for media at the European Aviation Conference & Exhibition being held in person in Geneva, Switzerland, for the first time since 2019, Kenny Dichter, Chairman and CEO of Wheels Up Experience, told the audience he has seen a transformation from private aviation being a luxury to an essential part of the lifestyle for his over 12,000 members.A demand for private jet travel continues at record levels, the industry is increasingly struggling... [+]to cope as supply chain issues and labor shortages gum up the system.Doug GollanOne provider saysMonkeypoxDavid Paddock, the President of General Dynamic’s Jet Aviation, speaking at the same welcome session, said after an initial 70% drop in business at the outset of Covid, sales at itsFBOsGlobally, around 80% of the 500 operators surveyed by JetNet IQ expect increased utilization in fractional and charter operations seen over the past 12-to-18 months will continue.Wheels Up Chairman and CEO Show less Read more
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