WHERE TO WATCH
Why Ride-Sharing Flights are Soaring
July 10, 2017
Updated 1y ago
Wheels Up CEO Kenny Dichter shares how the private aviation company is nearly doubling its membership year over year with a subscription model.
IBM's Blockchain is Live and Bank-Issued Stablecoins Are On Their Way
Sep 26, 2018
Future of Air Travel with Vista Global Chairman Thomas Flohr
Vista Global recently acquired XOJET business aviation and commercial operations as part of a goal to further tap into the market for executive travel. Cheddar Contributor Tamara Warren spoke with the company's Chairman Thomas Flohr about how technology can transform air travel.
Oct 16, 2017
"Wheels Up" Is Flying High After Latest $200 Million Funding Round
Kenny Dichter, Founder & CEO of Wheels Up, discusses the company's recent $200 million funding round. He says that, with the money, Wheels Up is going to expand social aviation and the ways in which it can connect members. In addition, Wheels Up will keep pounding growth in North America; the company is going to add more planes to the fleet over the next year. He talks about the cost structure and what a flight to Seattle would cost...around $30,000! He says, "CEOs like us, but CFOs love us" because of the cost efficiency. The company allows customers to charter planes for flights anywhere in North America. Members can reserve flights within 24 hours, or even less if they're part of the highest tier. With the latest funding round, the company has a $1 billion enterprise valuation. Dichter says he's created a disruptive business model, considering customers as "members." And, he says, the membership economy is alive and kicking. Dichter says the recent funding round could also open the door to expand its business in Western Europe, where the typical flight is only 2 hours in length.
Mar 19, 2019
Will Lyft Convince Investors Not to Wait for Uber IPO?
Andrew Hawkins, transportation reporter for The Verge, weighs in on whether or not Lyft, set to go public on the Nasdaq later this month, can convince investors to open their checkbooks instead of waiting for Uber's IPO later this year.