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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. Day’s wrap: Saks, NYFW, Aston Martin and Ramadan
  2. Gen Z, lower-tier cities driving luxury growth in China
  3. Burberry, Prada, Lyst, Rosewood and Alibaba
  4. Audi drops clever, concise ads to showcase offerings
  5. McLaren, Richard Mille emphasize speed, performance in new launch
  6. Luxury brands and China: An increasingly risky dependency
  7. Burberry’s comparable store sales grow 32pc in Q4 2021
  8. Prada announces new inclusion initiatives to support students of color
  9. FT Business of Luxury 2021 conference May 19-20 to navigate luxury’s new normal
  10. Burberry transforms customer experiences through digital innovation
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