JetBlue Abandons Merger Talks with United Airlines

Turkish Technic and CFM Explore Establishment of LEAP Engine Repair Hub in Istanbul Turkish Technic, the maintenance, repair, and overhaul (MRO) arm of Turkish Airlines, is engaged in advanced negotiations with CFM International, the U.S.-French engine manufacturer, to launch a dedicated repair facility for LEAP engines in Istanbul. This potential collaboration was disclosed by Turkish Technic Chairman Ahmet Bolat during the International Air Transport Association’s (IATA) Annual General Meeting held in Delhi, India. Bolat emphasized the inherent dependency on manufacturers for parts supply, stating, “Regarding engines, we cannot be fully independent anyway, because the parts will be supplied by the manufacturer. If you can repair some of the models, that’s the advantage.” Growing Fleet and Maintenance Demand The impetus for this initiative is closely tied to Turkish Airlines’ expanding fleet. The airline currently operates 28 Boeing 737 MAX aircraft equipped with CFM’s LEAP-1B engines and has 35 additional units on order. Furthermore, a prospective agreement for 150 more 737 MAX jets could significantly increase this number. Turkish Airlines also has 205 Airbus A320neo-family aircraft on order, of which 48 will be powered by Pratt & Whitney’s PW1000G geared turbofan (GTF) engines. The engine selection for the remaining aircraft remains undecided, leaving open the possibility of incorporating CFM’s LEAP-1A engines. This growing fleet underscores the rising demand for comprehensive engine maintenance capabilities. Existing Infrastructure and Expansion Prospects Turkish Technic already maintains a robust engine maintenance infrastructure at Istanbul’s Sabiha Gokcen Airport, servicing CFM56 and CF6-80E1 engines. Additionally, it operates the Turkish Engine Center, a joint venture with Pratt & Whitney, which specializes in repairs of V2500-A5 and CFM56-7B engines. This established foundation provides a strategic advantage for expanding into LEAP engine maintenance, although integrating new capabilities will require careful logistical planning. In parallel, Turkish Technic has recently broadened its scope by joining Rolls-Royce’s TotalCare aftermarket network. The company signed an agreement to construct a new facility in Istanbul dedicated to servicing various Trent engine models. Construction is slated to commence within two to three months, with the first engine inductions expected by 2027. This project is projected to increase Turkish Technic’s annual revenue by approximately 30% and contribute an estimated $700 million annually to the Turkish economy through exports, reinforcing the company’s position as a leader in engine maintenance services. Challenges and Strategic Considerations The establishment of a LEAP engine repair hub presents both significant opportunities and challenges. Turkish Technic must navigate regulatory frameworks, obtain necessary permits, and ensure full compliance with international aviation standards. Effectively marketing the new facility’s capabilities to attract third-party clients will be essential to its success. Moreover, competitive responses from other MRO providers, including potential expansions or renegotiations with engine manufacturers, could influence market dynamics. As Turkish Technic advances its engine maintenance portfolio, its capacity to overcome these hurdles will be pivotal in positioning Istanbul as a key regional center for advanced engine repair and overhaul services.

Delta Air Lines Opposes Proposed Trump Administration Tariffs on Aircraft Imports Delta Air Lines has expressed strong opposition to the Trump administration’s consideration of new tariffs on imported commercial aircraft and parts. These tariffs are being evaluated under a Section 232 national security investigation initiated by the U.S. Department of Commerce in May 2025. Delta warns that such measures could severely disrupt the global supply chains critical to the airline industry, particularly for carriers that depend heavily on international manufacturers. Concerns Over Operational and Financial Impact The airline industry is currently facing numerous challenges, including rising operational costs, ongoing supply chain disruptions, and weakening demand, especially in North America. Against this backdrop, the introduction of tariffs threatens to exacerbate these difficulties by increasing expenses, delaying aircraft deliveries, and undermining the financial stability of U.S. carriers. Delta has formally urged the government to avoid retroactive application of tariffs, cautioning that this could jeopardize existing aircraft purchase agreements and impose significant financial strain. Delta’s fleet renewal and expansion plans rely on timely deliveries from international manufacturers, notably Airbus, whose aircraft are produced in facilities located in Canada, Germany, and France. The imposition of tariffs could compel Delta to suspend current orders and halt future acquisitions of foreign-made aircraft, potentially hindering the airline’s ability to modernize its fleet and maintain operational efficiency. The airline further emphasized that such disruptions would have ripple effects throughout the broader aerospace supply chain. Competitive Challenges for U.S. Airlines Delta also highlighted the competitive imbalance that the tariffs could create for U.S.-based carriers. While international airlines would remain exempt from these tariffs, U.S. airlines could face increased costs and limited access to the latest aircraft technologies. This disparity risks undermining the global competitiveness of American carriers, restricting their ability to operate efficiently and effectively in the international market. Wider Industry Implications Amidst Ongoing Challenges The proposed tariffs arrive at a time when the aviation sector is already contending with significant headwinds. Supply chain difficulties have caused delays and increased costs, while demand for air travel has softened, particularly in North America. Industry experts warn that additional trade barriers could further complicate fleet procurement and maintenance, potentially affecting service quality and ticket prices for consumers. As the Department of Commerce continues its investigation, Delta’s opposition highlights the high stakes involved for the U.S. airline industry. The decision will not only influence Delta’s operational future but may also establish a precedent for how trade policy intersects with aviation in an increasingly interconnected global economy.

Airlines Poised to Benefit from the Boeing 777X Boeing’s 777X, the latest addition to the long-range, widebody, twin-engine jetliner segment, is positioned to transform airline fleets through its enhanced efficiency, state-of-the-art engines, and innovative folding wingtips designed to improve airport compatibility. However, the program has encountered substantial delays, with first deliveries now anticipated in 2026—seven years behind the original schedule. These setbacks have been attributed to a combination of certification challenges, labor strikes, and manufacturing difficulties. Major Orders and Industry Context To date, Boeing has secured 541 firm orders for the 777X, alongside 169 options. The airlines with the largest commitments stand to gain the most from the aircraft’s introduction, although they face a complex industry environment characterized by rising operational costs, ongoing supply chain disruptions, and weakening demand, particularly in North America. Among the key customers, Emirates leads with an order for 150 aircraft, including 45 of the 777-8 variant and 115 of the 777-9. Qatar Airways follows with 50 orders exclusively for the 777-9, while Etihad Airways has committed to 25 aircraft, split between eight 777-8s and 17 777-9s. Other significant orders come from Cathay Pacific, Singapore Airlines, Lufthansa, Korean Air, All Nippon Airways, and International Airlines Group (IAG), which collectively account for hundreds of aircraft. Many of these carriers have adjusted their orders in response to shifting market dynamics. Emirates, the largest customer, remains optimistic about Boeing’s capacity to overcome recent challenges but recognizes the difficulty in scaling production to meet demand. Strategic Expansions and Future Prospects International Airlines Group, the parent company of British Airways and Iberia, joined the 777X program later, initially ordering 18 aircraft with options for 24 more. In May 2025, IAG expanded its commitment by six additional 777-9s as part of a broader acquisition of 71 new aircraft, including Airbus A350s. Luis Gallego, IAG’s CEO, has highlighted the group’s requirement for 4-5% annual capacity growth, positioning the 777X as central to its strategy for operational efficiency, emissions reduction, and enhanced passenger experience. Etihad Airways is also leveraging the 777X to support its expansion plans, intending to introduce 28 Boeing 787 and 777X aircraft from 2028 as it opens a new gateway in the United States. Meanwhile, China Airlines has confirmed its own 777X order, signaling confidence in the aircraft’s potential despite ongoing industry challenges. While the 777X offers airlines a pathway to modernize their fleets and improve operational efficiency, the broader aviation sector continues to face economic uncertainties and global volatility. The ultimate success of the 777X will depend not only on Boeing’s ability to deliver the aircraft but also on airlines’ capacity to adapt to a rapidly evolving market landscape.

Malaysia Airlines Expands AI Partnership with Google to Accelerate Digital Transformation Malaysia Airlines is intensifying its digital transformation efforts by expanding its artificial intelligence partnership with Google. This renewed collaboration aims to revolutionize the travel experience through advanced data analytics, personalized marketing, and immersive customer engagement. Building on a successful alliance established in 2024, the airline will leverage Google’s state-of-the-art AI and cloud technologies to enhance real-time analytics, predictive services, and interactive tools, thereby improving both operational efficiency and passenger satisfaction. The decision to deepen this partnership reflects a wider industry trend, as global carriers increasingly adopt big tech solutions to meet the demands of digitally savvy travelers. By integrating Google’s AI-powered tools across marketing, customer engagement, and operational strategies, Malaysia Airlines intends to deliver smarter, more personalized interactions throughout the entire traveler journey—from booking to post-flight engagement. Driving Innovation and Maintaining Competitive Advantage In 2024, Malaysia Airlines made notable progress by embedding AI capabilities into its digital infrastructure, resulting in improved route planning, fare optimization, and marketing automation. These advancements enhanced customer targeting, streamlined workflows, and enriched passenger touchpoints, which played a crucial role in the decision to expand the partnership. Airline executives regard this move as essential to maintaining a competitive edge in an increasingly dynamic aviation landscape. Market analysts have responded favorably, suggesting that Google’s AI innovations could further solidify Malaysia Airlines’ market position. However, the airline’s growing dependence on AI also necessitates continuous innovation to stay ahead, especially as competitors accelerate their own digital transformation initiatives. Opportunities and Challenges in AI Integration Despite the promising benefits of the expanded partnership, Malaysia Airlines faces challenges in integrating new AI solutions with its existing systems and processes. Resistance from staff accustomed to traditional methods may arise, and tailoring AI tools to meet the airline’s specific operational requirements will be critical. Company leadership acknowledges these obstacles but remains committed to harnessing technology to improve both internal operations and the overall passenger experience. Passengers are expected to enjoy more seamless and hyper-personalized services, while the airline aims to enhance efficiency and satisfaction at every customer touchpoint. This renewed collaboration underscores Malaysia Airlines’ dedication to embracing innovation in alignment with evolving traveler expectations. Showcasing AI Innovation at the MATTA Fair Highlighting the partnership’s potential, Malaysia Airlines and Google recently unveiled an AI-powered experience at the 2025 MATTA Fair, Malaysia’s premier travel event. Presented under the airline’s “Time For” campaign, the digital activation attracted significant attention, demonstrating the tangible impact of AI-driven solutions on customer engagement. As Malaysia Airlines continues to modernize its operations and reimagine air travel, its strengthened alliance with Google positions the carrier at the forefront of digital innovation within the aviation sector. The path forward will require ongoing adaptation, but the airline’s commitment to technology-driven transformation signals a bold vision for the future of travel.

Delta Air Lines Opposes Proposed Aircraft Tariffs by Trump Administration Potential Disruptions to Fleet and Operations ATLANTA — Delta Air Lines has expressed strong opposition to the Trump administration’s proposed tariffs on imported commercial aircraft and parts, cautioning that such measures could severely disrupt its fleet procurement and maintenance operations. In a formal response to a federal investigation, Delta warned that imposing Section 232 tariffs would compel the airline to suspend current orders and halt future purchases of foreign-made aircraft, particularly those manufactured by Airbus. The U.S. Department of Commerce initiated a Section 232 national security investigation on May 1, 2025, to assess whether imports of commercial aircraft, jet engines, and related components pose a threat to national security. Delta, through its legal representatives, submitted public comments highlighting that the proposed tariffs would retroactively affect longstanding contracts for aircraft acquisitions. The airline emphasized that these actions could lead to cancellations of orders from Airbus facilities in Canada, Germany, and France, potentially disrupting service for approximately 10 million customers annually if deliveries are delayed or halted. Delta also underscored that domestically produced aircraft might be indirectly impacted due to increased costs and supply chain complications. Given that aircraft purchases are typically negotiated years in advance, the sudden imposition of tariffs would impose unexpected financial burdens, placing U.S. carriers at a competitive disadvantage on the global stage. The airline industry is already contending with rising operational expenses, worsening supply chain challenges, and weakening demand—issues particularly pronounced in North America. While most U.S. airlines have lowered or withheld their annual forecasts amid these uncertainties, European carriers maintain a more optimistic outlook. Impact on Maintenance and Industry Response The airline further warned that tariffs would undermine investments in skilled labor, especially within maintenance, repair, and overhaul (MRO) services. Delta operates major MRO hubs across the United States and depends on timely access to parts and aircraft from international suppliers to support its fleet modernization efforts. Between 2023 and 2024, Delta accepted 47 Airbus aircraft manufactured overseas; future deliveries of a similar nature could be jeopardized if tariffs are enacted, impairing the airline’s ability to efficiently serve U.S. routes with a competitive, fuel-efficient fleet. During an April earnings call, Delta CEO Ed Bastian acknowledged the risks posed by the tariffs, indicating that the airline might defer aircraft deliveries if the tariffs are implemented. Such delays could have cascading effects on flight schedules and negatively impact the customer experience. Industry leaders presented a divided stance at the International Air Transport Association’s (IATA) Annual General Meeting, with many expressing concerns about the broader economic consequences of the proposed tariffs and the potential for retaliatory actions against U.S. airlines. White House spokesperson Kush Desai reaffirmed the administration’s commitment to safeguarding U.S. national and economic security through the Section 232 investigation. Desai noted that any policy decisions would ultimately be announced by the President. The Commerce Department has yet to provide further details or a timeline for the investigation’s conclusion. The aviation sector remains closely attentive to the outcome of this investigation, which could fundamentally alter aircraft procurement practices and have significant implications for both U.S. and global carriers.

Delta Air Lines Warns Tariffs Threaten Airbus Orders and Passenger Flights Delta Air Lines has issued a stark warning that U.S. tariffs on imported aircraft and parts could compel the airline to suspend existing orders and halt future purchases of Airbus jets, potentially disrupting flights for up to 10 million passengers annually. This cautionary statement was submitted in a formal filing to the U.S. Commerce Department amid an ongoing national security investigation that may lead to the imposition of additional tariffs on foreign-made aircraft. Impact of Tariffs on Delta and the Aviation Industry Since April, the airline industry has been subject to a 10% tariff on nearly all imported planes and parts, a measure introduced during the Trump administration. Although a proposed increase to 20% on all European Union products is currently on hold, it could be reinstated as early as July. The Commerce Department’s investigation raises the possibility of even higher tariffs, eliciting strong opposition from Delta and other U.S. carriers. Delta, the second-largest customer of Airbus by deliveries last year, highlighted that it has received 47 Airbus aircraft over the past two years, manufactured in Canada, Germany, and France. The airline argued that had tariffs forced the cancellation of these deliveries, it would have been unable to operate flights serving 10 million customers annually. The filing warned that new tariffs would likely compel Delta to cancel existing contracts and reconsider those under negotiation, a move that would not only disrupt commerce but also reduce manufacturing activity in the United States by both Boeing and Airbus. Financial disclosures from Delta reveal firm purchase commitments for 285 new aircraft, with options for an additional 120. Of these, only 100 Boeing 737 MAX 10s and 30 options are sourced from U.S.-based Boeing, while the remainder are Airbus jets, exposing them to current and potential future tariffs. Although Delta expects its 26 A220 aircraft scheduled for delivery over the next two years to be produced at Airbus’ Mobile, Alabama facility—thus avoiding tariffs—the airline’s 20 widebody aircraft, all manufactured in Europe, remain vulnerable. Broader Industry Developments and Global Implications The aviation sector is undergoing significant shifts beyond Delta’s concerns. Indian carrier IndiGo has doubled its Airbus A350 order and established strategic partnerships with Delta, Air France, and Virgin Atlantic to expand into long-haul international markets. Meanwhile, expectations of large aircraft orders from Chinese airlines have buoyed European shares, particularly Airbus stock. Vietnamese low-cost carrier Vietjet has also doubled its Airbus A330neo commitments to support network expansion. Delta’s warnings underscore the complex interdependence of the global aviation market and the potential ripple effects of trade policy decisions. The airline cautions that further tariffs could disrupt its operations and have broader economic consequences, including impacts on U.S. manufacturing jobs, as both Boeing and Airbus maintain significant production facilities within the United States. As the Commerce Department’s investigation proceeds, airlines and manufacturers are preparing for possible changes that could reshape the competitive dynamics of the industry.

Boeing to Resume Deliveries to China Amid Easing Trade Tensions Boeing is set to recommence plane deliveries to China, reflecting a notable thaw in U.S.-China trade relations that could have significant implications for the global aerospace sector. CEO Kelly Ortberg revealed plans to increase the monthly production of the 737 MAX to 47 aircraft by the end of the year, aligning with Boeing’s target of delivering 400 737 jets by 2025. The company demonstrated renewed momentum in April, delivering a total of 45 aircraft, including 29 737 MAX models, signaling a robust recovery in its commercial aviation operations. This development coincides with improving market sentiment, as stock markets have rallied and gold prices have declined, indicating reduced investor anxiety over a potential global recession. The resumption of deliveries to China, one of Boeing’s largest and most critical markets, is expected to strengthen the company’s financial outlook and restore confidence following a period marked by uncertainty and trade disputes. Industry Challenges and Technological Shifts Despite the positive trajectory in its commercial segment, Boeing continues to face challenges in other areas. The recent delay by NASA in the Starliner spacecraft program underscores ongoing difficulties within the aerospace sector, even as commercial aviation shows signs of recovery. The response of competitors, particularly Airbus, to Boeing’s renewed engagement with the Chinese market remains to be seen, with industry observers closely monitoring how rivals will adjust to the evolving competitive landscape. Technological advancement and workforce development are integral to Boeing’s broader strategy. As the aerospace industry increasingly depends on digital capabilities and cloud computing, companies such as Amazon Web Services (AWS) are making substantial investments in training initiatives. AWS recently inaugurated its first Skills Center in Seattle, with the ambitious goal of training 29 million individuals worldwide in cloud computing by 2025. This effort highlights the growing recognition of the critical need for a digitally proficient workforce to support sectors reliant on advanced technology and data-driven operations. AWS CEO Adam Selipsky emphasized the urgent demand for digital and cloud skills, noting that the surge in cloud computing—accelerated by the pandemic—has prompted companies to transform traditional IT personnel into cloud-fluent professionals. Addressing this talent gap is essential to facilitate the adoption of new technologies across industries, including aerospace. For Boeing, the convergence of easing trade tensions, increased production capacity, and technological innovation marks a pivotal juncture. The company’s ability to navigate complex global market dynamics, overcome operational challenges, and harness emerging technologies will be crucial as it strives to maintain its leadership position in the aerospace industry.

Tariffs Jeopardize Spirit Airlines’ Airbus Aircraft Orders Spirit Airlines has raised concerns that ongoing U.S. tariffs on European Union products may imperil its planned acquisition of 52 Airbus aircraft through 2031. The order includes twenty-three A320neo and twenty-nine A321neo jets. In a recent filing with the U.S. Securities and Exchange Commission, the airline warned that these tariffs could substantially increase the cost of new Airbus planes and essential parts, potentially causing delivery delays or even cancellations. Financial and Operational Risks Highlighted Spirit Airlines emphasized that the tariffs could materially affect its business, financial condition, and operational results. The carrier noted that the increased costs of imported Airbus aircraft and parts necessary for fleet maintenance might compel it to postpone or cancel some deliveries and reconsider future purchases. The airline’s current purchase agreement with Airbus extends through 2031, supplemented by separate agreements with lessors for thirty-nine additional A320neo-family aircraft scheduled for delivery between 2025 and 2028. Of the more than 90 aircraft slated for delivery by 2031, four are expected to arrive in 2025. Spirit, which recently emerged from Chapter 11 bankruptcy protection, operates a fleet of 215 aircraft, including sixty-three A320-200s, ninety-one A320neos, twenty-nine A321-200s, and thirty-two A321neos. Broader Industry Impact Amid Trade Tensions The repercussions of U.S.-EU trade tensions are reverberating throughout the aviation sector. Other major U.S. carriers, such as Delta Air Lines and American Airlines, have publicly declared their reluctance to commit additional funds for new aircraft purchases while tariffs remain in effect. Delta has warned that these tariffs could halt new Airbus orders and necessitate the elimination of certain flights. Industry analysts suggest that airlines may respond by extending the operational lifespan of older aircraft or by leasing and acquiring planes already based domestically to circumvent cross-border duties. International competitors are also adjusting their strategies in response to the uncertain trade environment. Vietjet, for instance, has doubled its commitments for A330neo aircraft, reflecting a shift in fleet planning amid ongoing trade disputes. The broader aerospace industry has cautioned that new U.S. tariffs risk disrupting supply chains and could potentially impact air safety, as increased costs and logistical challenges complicate the procurement of critical aircraft components. As the trade dispute persists, Spirit Airlines and other carriers face growing uncertainty regarding their fleet expansion plans, with potential consequences extending across the global aviation industry.

Avianca Airlines to Lease Nine Additional A320neo Aircraft Avianca Airlines has announced a significant expansion of its fleet with the dry-lease of nine additional Airbus A320-200neo aircraft from BOC Aviation. Under the terms of the agreement, BOC Aviation will acquire the factory-new jets directly from Airbus and lease them to the Colombian flag carrier. These new aircraft, powered by CFM International LEAP-1A engines, are slated for delivery in 2027, reinforcing Avianca’s ongoing commitment to modernizing its fleet. Fleet Modernization and Expansion This lease agreement complements Avianca’s broader fleet renewal strategy, which includes the anticipated delivery of seventy-eight A320-200neo jets directly from Airbus. Currently, Avianca operates twenty-four A320-200neo aircraft, while its subsidiaries—Avianca Airlines Ecuador and Avianca Airlines El Salvador—operate five and twelve of the same model, respectively. The group’s overall fleet also comprises six A319-100s, sixty A320-200s, and sixteen Boeing 787-8s. Notably, this marks the first occasion on which Avianca Group carriers will lease aircraft from BOC Aviation, signaling a new phase in their fleet acquisition approach. Strategic Implications and Industry Context The expansion presents both opportunities and challenges for Avianca. Securing favorable lease terms and effectively integrating the new aircraft into existing operations will be essential to maximizing the benefits of the increased capacity. Additionally, the airline must ensure sufficient market demand to justify the fleet growth. This move is likely to impact competitive dynamics within the Latin American aviation sector, potentially prompting rival carriers to reevaluate their own fleet strategies. Competitors may respond with similar expansion initiatives or pursue strategic partnerships to enhance their operational capabilities with next-generation aircraft. Avianca’s fleet modernization aligns with a broader industry trend, as other international carriers such as Gulf Air and Aegean Airlines also expand their Airbus A320neo fleets. This widespread shift toward newer, more efficient aircraft is expected to intensify competition in key markets, as airlines seek to leverage the improved fuel efficiency and passenger appeal of the latest models. As Avianca prepares for the arrival of its new A320neo jets, industry observers will closely monitor the airline’s ability to manage operational integration and adapt to evolving market conditions.

Wheels Up Regains NYSE Compliance Amid Market Challenges Wheels Up (WUP), the on-demand business jet operator based in Teterboro, has successfully regained compliance with the New York Stock Exchange (NYSE) continued listing standard for minimum share price. This development was disclosed in a June 3, 2025 filing with the Securities and Exchange Commission. The NYSE had previously notified Wheels Up in early May that the company was not meeting the requirement to maintain an average closing share price of at least $1 over a consecutive 30 trading-day period, providing a six-month window to rectify the situation. On June 2, the exchange confirmed that Wheels Up’s stock had sustained an average closing price above the $1 threshold for the requisite period, thereby restoring the company’s eligibility for continued trading under section 802.01C of the NYSE Listed Company Manual. Wheels Up’s CEO, George Mattson, expressed satisfaction with the swift turnaround, noting that the company had regained full compliance through market-driven stock appreciation in just over a month since receiving the notice. He emphasized that this milestone reflects growing investor confidence in the company’s ongoing business transformation and long-term strategic vision. Mattson underscored the significant scale and strength of Wheels Up as it navigates this critical phase. Market Dynamics and Competitive Pressures The restoration of compliance has reignited market interest and may enhance investor confidence in Wheels Up’s business trajectory. Nonetheless, the company faces the ongoing challenge of maintaining its share price above the $1 minimum to avoid future delisting risks. Recent stock price volatility has attracted heightened scrutiny from investors and analysts, who are closely monitoring Wheels Up’s capacity to sustain compliance while delivering consistent growth. Concurrently, the private aviation sector is experiencing intensified competition. New market entrants, such as Kenny Dichter’s Real Jet, are introducing alternative service models that eschew membership fees and long-term commitments, potentially drawing customers away from established operators like Wheels Up. This evolving competitive landscape highlights the imperative for Wheels Up to continue innovating and adapting its business model to preserve and expand its market share. According to ch-aviation Business Jet Operator & Airport Data, Wheels Up currently operates a diverse fleet of 90 aircraft, including a Beechjet 400A, three Challenger 300s, nine Citation Excels, 25 Citation Xs, six Citation XLSs, 26 Hawker 400XPs, one Beechjet 400XT, 13 Phenom 300s, five Phenom 300Es, and one Vision Jet G2. As Wheels Up advances, its ability to maintain NYSE compliance, respond effectively to competitive pressures, and execute its strategic objectives will remain under close observation by the market.