Wheels Up Fleet Transition Completed Early by 5x5

Boca Raton, Florida-based dealer 5x5 Trading completed a fleet modernization program for Wheels Up Experience 18 months ahead of schedule, according to the dealer. Serving as Wheels Up’s exclusive transaction partner, 5x5 managed the acquisition and disposition of nearly 100 aircraft beginning in 2024.

The program supported Wheels Up’s decision to consolidate its owned jet fleet from four aircraft types to two, centering operations on the Embraer Phenom 300 and Bombardier Challenger 300/350. Wheels Up continues to expand both fleets in response to demand for its Signature Membership and charter programs.

“Fleet transitions of this scale require every acquisition and disposition to be managed in the context of the next,” said John Odegard, 5x5 co-founder and International Aircraft Dealers Association (IADA) chairman. “Working hand in hand with the Wheels Up team, we sequenced the transition to protect operational continuity while delivering against the timeline they set.”

“Modernizing our controlled fleet was a defining step in the transformation of Wheels Up, and we set an aggressive timeline because the opportunity in front of us demanded it,” said Meaghan Wells, chief growth officer, Wheels Up. “Their transactional discipline helped us reach a simpler, more efficient fleet well ahead of schedule.”

5x5 Trading was founded in January 2024 and holds IADA accreditation.