Wheels Up To Acquire Air Partner

Wheels Up has reached an agreement to acquire London-based aviation services provider Air Partner for approximately $107 million in cash, the companies recently announced. The acquisition is expected to close in March, subject to shareholder and regulatory approvals.

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Air Partner, which was founded in 1961 and has 18 worldwide offices, provides private jet, group, and freight charter, as well as aviation safety and security solutions. According to Wheels Up, the acquisition will allow it to expand its service offerings while permitting Air Partner to leverage Wheels Up’s investments in operations, service, and technology.