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Travel and hospitality

Delta Air Lines’ stake in Wheels Up takes on NetJets in hot private jet travel market

December 12, 2019

Delta Air Lines' investment in Wheels Up is an indication of the growth potential of private jet travel. Image credit: Delta Air Lines Delta Air Lines' investment in Wheels Up is an indication of the growth potential of private jet travel. Image credit: Delta Air Lines

 

By Mickey Alam Khan

Delta Air Lines will take a minority interest in private jet operator Wheels Up and also combine its Delta Private Jets division in a move that is a harbinger of the market consolidation to come as players target Warren Buffett’s NetJets.

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  1. Italy, Net-A-Porter, Langham Hotels, Ralph Lauren and Gucci
  2. How Raoul Shah, a peripatetic agency exec, collected 500-plus “Do Not Disturb” door signs and begat a tome
  3. An ode to the display banner ad more than 25 years later
  4. Luxury brands are flocking to TikTok this year
  5. Britain’s Walpole gets Italian counterpart Altagamma to share what it is like in besieged Italy
  6. Estée Lauder Cos. goes to market for $700M in borrowings
  7. What protections do US employees and employers have if jobs are slashed?
  8. No surprise in Ferragamo earnings amid global downturn
  9. Jewelers must take risks to inspire big-ticket purchases under lockdown
  10. Women in Luxury 2020 New York conference moved to Wednesday, July 8
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