Membership-based private aviation company Wheels Up has acquired Travel Management Company.
The Travel Management Company (TMC) is largest wholesale-focused light jet operator in the USA and operates an owned and leased fleet of Hawker 400XP aircraft in North America.
This strategic acquisition is in response to increasing demand from Wheels Up members for flights on high-quality light jets. TMC’s fleet of 26 Hawker 400XP aircraft will join Wheels Up’s current fleet of 93 aircraft, which includes 72 Beechcraft King Air 350is, 15 Cessna Citation XLSs, and six Citation Xs.
Kenny Dichter, founder and CEO of Wheels Up said, “This acquisition is a foundation piece in our continued brand evolution and mission to provide our members with a total private aviation solution, and we are thrilled to be welcoming TMC into the Wheels Up family.
“TMC and their light jet fleet are a perfect complement to our anchor partner, Gama Aviation, and their pilots, who will continue to operate the aircraft in our Wheels Up fleet and provide our members with the same high level of safety and service that they do today.”
Phil Dodyk, CEO of TMC said, “We’re proud of the reputation we’ve earned for being one of the safest and most reliable operators in private aviation. By joining Kenny and the Wheels Up team, we’re excited to become part of such a renowned brand and a larger company that is deep with talented leadership, which shares our collective vision of building an industry leader.”
TMC will operate as an independent subsidiary of Wheels Up and continue to provide the same service to their existing wholesale channel partners. TMC customers and wholesale channel partners will continue to engage with their respective TMC contacts and operate out of its current location in Elkhart, Indiana.