Originally Posted by
RockyPilot14
If any company goes into bankruptcy then that doesn’t bode well for anyone. Any aviation company is always teetering on the edge, some more than others, tough business. WUP had a rough stretch as they expanded pretty quickly and purchased a few companies. They are making corrections and figuring it out. It’s not the doom and gloom everyone thinks. To answer the contract question, yes there is for one year but you can buy yourself out at a prorated price. It’s not that bad. Also, most people do not have a contract with Wheels Up, but with one of the companies that they had purchased. And the contract is with that company, not with Wheels Up. Until just a couple years ago, Wheels Up didn’t actually own any aircraft.
That's not correct. They had 80 plus King Airs, 15ish Excels, and at least a handful of 10s before they went on their buying spree of 135 companies. Managed by Gama, but owned by WUP. I'm convinced there was no business plan to begin with. At all. Just the world's greatest salespeople.