Airshare Finalizes Buy of Wheels Up's Aircraft Management Business | Aviation International News

Charter & Fractional

Airshare Closes Deal for Wheels Up's Managed Fleet

Transaction triples the size of Airshare's managed fleet

Airshare Embraer Legacy 500 (Photo: Airshare) — Airshare's super midsize fleet is getting a boost with the acquisition of Wheels Up's aircraft management business. (Photo: Airshare)

By Mark Huber • Contributor

October 3, 2023

Airshare closed its deal to acquire the aircraft management arm of Wheels Up on October 1. The acquisition doubles the size of Airshare, adding 90 aircraft and 316 employees to the Airshare Aircraft Management division. This triples the size of the fleet it currently manages, many of which may be available for charter. The company said the majority of aircraft joining the fleet are super-midsize and larger, including aircraft from OEMs such as Bombardier, Cessna, Dassault Falcon Jet, and Gulfstream.

K.C. Ihlefeld will join the Airshare Aircraft Management division as senior vice president of aircraft management. Ihlefeld was formerly senior vice president for aircraft management at Wheels Up. Other employees joining Airshare from Wheels Up include pilots and specialists in account management, owner services, flight control, maintenance, training, and administration.

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