Wheels Up Buys Mountain Aviation, Quadrupling Citation X Fleet | Aviation International News

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Wheels Up Buys Mountain Aviation, Quadrupling Citation X Fleet

Wheels Up continues buying spree, picking up Mountain Aviation following acquisitions of TMC, Gama Aviation, and Delta Private Jets over the past 18 months

Wheel's Up's acquisition of Denver-based Mountain Aviation will quadruple its fleet of Cessna Citation Xs to about 40 of the high-speed twinjets. The company likes the model for its Mach 0.92 speed, super-mid cabin size, and transcontinental range. (Photo: Mountain Aviation)

By Chad Trautvetter • Online Editor

January 5, 2021

Wheels Up is continuing its buying spree, this time scooping up Denver-based air charter and MRO provider Mountain Aviation following the acquisitions of Travel Management Co. (TMC) in mid-2019 and Delta Private Jets and Gama Aviation Signature early last year. Specific financial terms of the deal were not disclosed. Jefferies acted as the exclusive financial adviser for Wheels Up.

The addition of Mountain Aviation will provide Wheels Up with West Coast bases (in Denver and Thermal, California) and heavy maintenance capability for its Beechcraft King Airs and Cessna Citations. It will also quadruple the size of the company's Citation X fleet to about 40. Mountain Aviation also has bases in Teterboro, New Jersey, and Anchorage, Alaska.

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