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GTCR and Neil Book Announce Recapitalization of Jet Support Services, Inc.

CHICAGO, Nov. 19, 2020 /PRNewswire/ — GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to recapitalize Jet Support Services, Inc. (“JSSI”, or the “Company”) in partnership with CEO Neil Book. As part of the transaction, GTCR will acquire a majority stake in JSSI, while the Book family will retain a significant minority stake...

Wheels Up Launches Whole Aircraft Sales Business

Press release content from PR Newswire. The AP news staff was not involved in its creation. https://apnews.com/press-release/pr-newswire/a9ee6add9a6606839b8886ead886089fClick to copy NEW YORK, Aug. 12, 2020 /PRNewswire/ — Wheels Up, the leading brand in private aviation, has launched Wheels Up Aircraft Sales, a new business unit that offers aircraft brokerage, acquisition, trade, and advisory services. With this strategic expansion, Wheels Up is...

China Eastern Rolls Out New Unlimited Flights Package

SHANGHAI–(BUSINESS WIRE[1])–Having seen the overwhelmingly positive market feedback of its ticket discount package “fly at will on weekends” , China Eastern Airlines on August 11, 2020 launched another package targeting consumers who fly on weekdays. Priced at 3,456 yuan (423 EUR), the new package allows users to enjoy unlimited flights to any destination in the Chinese mainland on weekdays before...

Take-Off with New Magellan Jets Membership Programs

BOSTON–(BUSINESS WIRE[1])–Magellan Jets welcomes guests to experience purely private travel with the launch of new pay-as-you-go membership programs[2]. Ideal for new private flyers transitioning from commercial travel, our new membership programs[3] provide the consistency and flexibility of guaranteed access to four aircraft categories, with minimal initial investment and lower annual renewal rates. Members enjoy 12-month locked-in hourly rates and can...