The private charter industry has always been an arms race for market share. Now, regional charter provider Wheels Up has issued a challenge to its closest competition in the form of an acquisition. Wheels Up has purchased Gama Aviation for an undisclosed sum. The deal makes Wheels Up the second-largest private aviation provider in North America, rapidly closing the gap between itself and its prime competitor, NetJets. It’s a move many analysts believe to be a power play for market share as the industry continues to consolidate.
With the Gama Aviation acquisition, Wheels Up now has more than 300 jets. In 2019, the number-two aviation company beat Flexjet with more than 160,000 flight hours. These impressive figures mean Wheels Up is aggressively ramping up its arms race with NetJets.
Despite the acquisition, Gama Aviation will continue business as usual. Tom Connelly, current CEO of Gama Aviation, will oversee operations from their headquarters in Shelton, Connecticut. As a newly acquired subsidiary, Gama Aviation employees may enjoy opportunities to grow their career within Wheels Up. Keeping staff indicates Wheels Up might not be done making moves.
Major players are teaming up
Gama Aviation by itself is a behemoth in the private aviation industry. They control their own massive fleet while offering aircraft management to other companies. Since Wheels Up’s founding in 2013, Gama Aviation has been the sole operator of Wheels Up’s King Air 350i, Citation Excel/XLS, and Citation X airplanes. The consolidation makes sense.
With the acquisition of Gama Aviation’s versatile aircraft services, Wheels Up has become a powerful force in the private aviation industry. They have everything from the largest fleet to aircraft management. Gama Aviation allows Wheels Up to expand their reach and provide private flights for all types of customers.
Transformative benefits of Gama Aviation
Before the Gama Aviation acquisition, Wheels Up focused primarily on small private jets. This was a lucrative business move; most private flights last only about two hours. With Gama Aviation, Wheels Up has it all. Customers can choose from the budget-friendly King Air or the massive Gulfstream G650. The company now caters to all passenger needs with their expanded fleet.
Wheels Up is coming up fast behind their primary competitor. The company’s focus on expanding both market share and capability shows it’s not content with being number two. If NetJets doesn’t play their cards right, Wheels Up could steal the title of number one private aviation company in the world.
Imagine taking a charter from New York City to London on Tuesday, then London to Dubai on Thursday. By the time Friday rolls around, you’ll have accumulated 9 hours in time zone changes and, depending on your flight times, might be as much as a day ahead. Now, imagine flying back to New York City.
Chartering global flights takes a major toll on the body and often leaves people wondering what day it is. It’s definitely something to get used to and is much easier to digest with proper timekeeping practices.
Traveling between time zones
Anyone who’s ever suffered from jet lag understands how jarring it can be to go back and forth between time zones. Our body’s sense of time and circadian rhythms are off, thanks to the lack of daytime/nighttime cues from the sun. After multiple flights, your body doesn’t know what day it is or when it should sleep — which is why proper timekeeping is so important.
Typically, it’s easier to recover from a westbound flight than an eastbound one because westward flights lengthen the day while eastward ones shorten it. It’s a smart idea to plan travel around the time you want it to be when you land, not when you leave. This helps your body get back into rhythm after a time zone change. It’s also smart to nap whenever possible. An hour or two of restorative sleep makes a real difference when you’re leapfrogging time zones over the span of several days.
GMT is calculated by the time at the prime meridian in Greenwich, England, but it’s important to note that their day starts at noon and runs to the following day at noon. GMT also observes Daylight Savings Time, whereas UTC does not. Finally, Zulu Time is essentially UTC with a different name.
To calculate how long your flights are, convert all times to UTC. For example, a flight from San Francisco that leaves at 8 a.m. PST departs at 1600 UTC, or 4 p.m. It might land in New York City at 9 p.m./2100 UTC, which is 1 p.m. PST and 4 p.m. EST. By converting all times to UTC, it’s easier to tell that the flight took five hours.
Best timekeeping practices
Chances are, you pull out your cell phone to check the time — which is convenient when you’re on the ground, but impractical in the air. Experts suggest that you combat this by setting all timepieces to UTC and being aware of the local time zone you’re landing in. For example, PST is -800, whereas EST is -500.
Flying in a private jet is a luxurious experience. The exclusivity and class that comes with flying in aircraft with few seats, no crowds, and numerous on-board amenities is nearly unmatched. Therefore, many corporate executives purchase or charter private jets for business purposes.
An outstanding number of flights on private jets occur every day, but if you’ve never been fortunate enough to fly in one, you probably wouldn’t realize that they’re an extremely common form of travel. But who is traveling on these jets and where are they going?
Despite the frequency of private aviation, most people who travel by private jet don’t actually own the aircraft. Private jet chartering is more popular. Business executives or individuals with money to spend can rent jets and fly to and from their destinations without any long-term investments.
As for the owners, this affluent group of aircraft collectors tend to be involved in a few distinct sectors of business, including finance, banking, investment, oil, and gas.
United States travel goes between hubs
Some of the most popular travel departure spots and destinations within the United States are major cities that offer travelers an abundance of activities, food, entertainment, and of course, business opportunity.
New York — The Big Apple should be no surprise on this list. As one of the United States’ most popular destinations for financial and investment business, the city also has interesting things to explore outside the office. Travelers depart and arrive in New York often, heading to or from other popular urban hubs like Washington, D.C., Los Angeles, and Miami.
Los Angeles — Sometimes considered the New York of the West Coast, LA is another no-brainer destination for corporate executives. Many corporate offices are in the LA area, making it a popular place to depart from to visit national branches or clients.
Las Vegas — Las Vegas is an adult playground, filled with both fun events and business conventions and meetings to attend. Flights between LA and Las Vegas are among the most popular in business aviation.
Other popular departure and destination locations in the U.S. include Miami, Chicago, and Houston.
Global travel continues to grow
Outside of the U.S., global business aviation is also booming. International flights may be more common for major corporate executives who own their own jets, but overseas markets are also popular.
Flights between London, Paris, and Nice are quite popular. Additionally, the use of business jets in Asia has multiplied in recent years, particularly in major business centers like Hong Kong.
If you are interested in joining those who often fly coast to coast in a luxurious private jet, contact an experienced aviation broker to learn more about the industry, set up a charter flight, and look into purchasing a new aircraft of your own.
The expert jet brokers at L & L International are here to help you acquire the perfect jet. Need to charter a jet? We can assist with that, too. Charter a private jet online, at sales@L-Lint.com, or at +1 (305) 754-3313.