Wheels Up Operators (Gama, DPJ, TMC)
#891
New Hire
Joined APC: Oct 2022
Posts: 2
Hey all,
I was wondering if anyone had experience with the Part 91 and 91/135 gigs at WUP. I see that they have posted a few 91 and 91/135 jobs with designated locations. Does anyone know what these are like and has anyone worked one?
I was wondering if anyone had experience with the Part 91 and 91/135 gigs at WUP. I see that they have posted a few 91 and 91/135 jobs with designated locations. Does anyone know what these are like and has anyone worked one?
#892
Line Holder
Joined APC: Jan 2022
Posts: 57
Howdy, it’s hard to say as all of those opportunities are for managed aircraft and each one can be extremely different from the rest. I currently work on the light jet fleet but am potentially moving to a managed aircraft. The owners of the aircraft work with Wheels Up to determine compensation, schedule, vacation etc… it’s all different then flying an exclusively wheels up AC, and each 91/135 managed AC can be extremely different from another one.
#896
Gets Weekends Off
Joined APC: Mar 2008
Position: Standing in front of the tank with a shopping bag
Posts: 918
#897
Gets Weekends Off
Joined APC: Dec 2017
Position: Retired NJA & AA
Posts: 1,912
#898
Gets Weekends Off
Joined APC: Mar 2008
Position: Standing in front of the tank with a shopping bag
Posts: 918
#899
Gets Weekends Off
Joined APC: Dec 2017
Position: Retired NJA & AA
Posts: 1,912
Anyone thinking about WU, read this article
https://www.ainonline.com/aviation-n...hsid=109083952
It sounds like the wheels are coming off Wheels Up. WU mortgaging their owned aircraft has already been covered on a previous post. 3rd quarter numbers are not good. Company has lost $276.5M in the first 9 months.
The company president has left, he joined in May 2021 as Chief Marketing Officer then became president 5 months later. Year-to-date WU has already replaced it's CFO and COO.
According to new CFO Todd Smith the company is "implementing aggressive cost-cutting" as "our cost base is higher than it needs to be".
It sounds like the wheels are coming off Wheels Up. WU mortgaging their owned aircraft has already been covered on a previous post. 3rd quarter numbers are not good. Company has lost $276.5M in the first 9 months.
The company president has left, he joined in May 2021 as Chief Marketing Officer then became president 5 months later. Year-to-date WU has already replaced it's CFO and COO.
According to new CFO Todd Smith the company is "implementing aggressive cost-cutting" as "our cost base is higher than it needs to be".
#900
Gets Weekends Off
Joined APC: Dec 2017
Position: Retired NJA & AA
Posts: 1,912
BJT Article on Wheels Up "Bumpy Ride"
Calculating the Impact of Wheels Up’s Bumpy Ride
Business Jet Traveler has done an article on Wheels Up. One notable thing they say is the company is using stock options to address the pilot shortage. However the stock price has fluctuated from a low of .99 cents in October to $1.80 since they mortgaged their jets. That deal runs for 7 years and has a 12% interest rate. The CEO says that gives them enough "runway" to make it into 2024 when they expect to be profitable.I would be very careful going to work there as a pilot. I guess the good thing is if they have a training contract (I don't know) then they can't enforce it if they shut down.
https://www.bjtonline.com/business-j...ps-bumpy-ride?
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