Wheels Up Experience Inc. has agreed to buy six factory-new Embraer Phenom 300E light jets for delivery in the second half of 2027, its first direct purchase of new aircraft from Embraer. The private aviation company announced the order on November 5, 2026, alongside third-quarter results that showed revenue down 11% to $164.8 million and a net loss of $89.4 million.

In a press release dated November 5, 2026, Wheels Up said the definitive agreement with Embraer follows nearly three years of discussions and is expected to expand the fleet and support anticipated customer demand. The six jets will join 29 Phenom 300/300E jets and 15 Bombardier Challenger 300 series aircraft in what the company calls its premium controlled fleet, and will arrive with satellite Wi-Fi installed.

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The Phenom 300E order

Wheels Up’s investor letter for the third quarter said the order is meant to add to the fleet and keep planned capacity in line with customer demand in 2027, and that the company plans to increase fleet size by 20 to 30% in 2027. Neither the release nor the letter disclosed the value of the order or how the aircraft will be financed.

The Phenom 300 series is a core platform in the company’s modernized fleet, and Wheels Up describes it as the world’s best-selling light jet for more than a decade. Chief Executive Officer George Mattson said “Embraer has been a valued partner to Wheels Up for years,” and that the purchase reflects strong demand trends and a commitment to a consistent, premium customer experience.

Michael Amalfitano, President and CEO of Embraer Executive Jets, said the agreement reflects “the work and planning that began in 2024 to bring new Phenom 300E aircraft into their fleet.” In the investor letter he added, “This agreement marks an important milestone in our relationship with Wheels Up.”

Third quarter results in detail

Private jet flight revenue fell 7% to $143.9 million in the three months ended September 30, 2026. Within that, revenue from the premium Phenom and Challenger fleet rose 120% while that fleet grew 79%, from 24 to 43 aircraft, and legacy fleet revenue fell 44% as legacy programs wind down. Live flight legs dropped 33% to 7,774, while private jet gross bookings per live flight leg rose 27% to $22,943.

Gross profit was $15.2 million, against a loss of $1.3 million a year earlier, and included about $3 million of transformation-related expenses. The net loss of $89.4 million, or $2.48 per share, compared with $83.7 million, or $2.38 per share, in the third quarter of 2025. Adjusted EBITDA, a non-GAAP measure, improved 30% to a loss of $18.9 million from a loss of $26.9 million.

Operating measures improved. Aircraft utility rose 31% to 56.3 hours from 43.1, with the Phenom 300 series at 55.8 hours and the Challenger 300 series at 66.9 hours. The completion rate was 99.3%, and on-time performance on the company’s D-60 measure was 94.9%.

Balance sheet and the Delta facility

Cash and cash equivalents stood at $51.8 million on September 30, 2026, down from $133.9 million on December 31, 2025, while long-term debt, net, rose to $684.0 million from $316.4 million. Net cash used in operating activities was $208.3 million in the first nine months of 2026, compared with $147.9 million a year earlier.

After the quarter ended, Wheels Up entered into an additional $100 million revolving credit facility provided by Delta Air Lines, which the investor letter describes as “pivotal” in providing financial support. Wheels Up customers access premium commercial travel benefits through the company’s strategic partnership with Delta.

From legacy fleet to Phenom and Challenger

Wheels Up first announced its fleet modernization strategy in October 2024. Mattson said the program was completed earlier in 2026, “over 18 months ahead of schedule,” and the legacy fleet was retired from revenue service in April 2026, as reported in the early completion of its modernization. The company recorded a $12.7 million impairment on the legacy fleet retirement in the first nine months of 2026.

The company said that over the past three years it has streamlined and modernized its fleet, improved operational reliability, unified its global sales and service teams, a step covered in its single-brand concierge service model, and strengthened its partnership with Delta. Its Signature membership program has more than 1,500 members, including Custom Enterprise Solutions accounts modeled on it, up 130% year to date, while legacy memberships fell 62% after the April wind-down announcement.

Mattson said the quarter “marked an important inflection point for Wheels Up,” and that “Signature revenue and memberships surpassed legacy revenue and memberships for the first time.” He said the company aims to complete the sunset of legacy membership programs in 2027. For that year, the investor letter says management’s “focus is responsible, profitable growth.”

DC Aviation Malta has added a third Bombardier Global 7500 to its fleet, bringing the Maltese operator’s total fleet to six aircraft. The company announced the arrival on November 3, 2026, and said the jet will be operated under its Maltese Air Operator Certificate (AOC).

With the addition, three of the six aircraft in the fleet are Global 7500s, Bombardier’s ultra-long-range business jet. In a press release dated November 3, 2026, DC Aviation Malta (DC Aviation Ltd.), part of the Stuttgart-based DC Aviation Group, described the arrival as part of its growth strategy and its commitment to a modern fleet of high-performance ultra-long-range business jets.

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What the release says about the new jet

The release did not give the aircraft’s registration, its owner or its cabin configuration, and it did not list the other aircraft in the fleet. It also did not say whether the jet will be offered for charter or flown for a single owner. According to the company, the Global 7500’s range and cabin suit the travel needs of DC Aviation Malta’s international clients and allow non-stop connections between major destinations worldwide.

“The addition of a third Global 7500 to our fleet is an important step in our growth strategy,” said Stanley Bugeja, Managing Director of DC Aviation Malta.

Bugeja said the aircraft also reflects the experience the company has gained in managing and operating Bombardier aircraft. He said DC Aviation Malta continues to strengthen its ultra-long-range capabilities while focusing on a flight experience tailored to each client’s individual needs.

Bombardier’s ultra-long-range type

Bombardier’s April 2024 factsheet for the Global 7500 gives a maximum range of 7,700 nautical miles (14,260 km), a theoretical figure with NBAA IFR reserves at Mach 0.85 with eight passengers and four crew, and seating for up to 19 passengers. It lists a top speed of Mach 0.925 and GE Passport engines with a thrust of 18,920 lbf. The factsheet says the cabin can accommodate four living spaces, including a principal suite with a full-size bed, a dedicated crew suite and a kitchen.

In a release dated December 9, 2024, Bombardier said it had delivered its 200th Global 7500 that month and that, since the type entered service in December 2018, the fleet had achieved a dispatch reliability of more than 99.8%. The manufacturer attributes the aircraft’s record-setting performance largely to its wing, built in Red Oak, Texas, and to the GE Passport engines, built in Lafayette, Indiana.

DC Aviation’s operation in Malta

DC Aviation Malta was founded in 2008 and focuses on corporate aviation at Malta International Airport (MLA), according to a DC Aviation Group release published on February 12, 2018. That release announced that the Malta operation had received its AOC from the Transport Malta Civil Aviation Directorate, allowing it to operate and manage third-party business aircraft commercially, including charter under the Maltese 9H registration. Bugeja, who was Managing Director at the time, said the certification followed more than one year of work.

In a release dated October 29, 2025, the company announced that it had added a Bombardier Challenger 350 operating under T7 registration, issued by the San Marino Aircraft Registry, for private operations. It was the company’s first aircraft on the San Marino register, alongside its existing 9H fleet, and Bugeja said operating under both registrations “broadens our operational scope.” In the same release, the company said that over the past fifteen years Malta had become one of Europe’s most important business aviation locations.

On April 10, 2026, DC Aviation opened its renovated facilities at Malta International Airport, with new lounges, meeting rooms and crew areas. The company said its Malta team managed the full renovation while normal flight operations continued. AirPro Atlas data for Malta International Airport lists two asphalt runways: 13/31 at 10,991 feet and 05/23 at 7,785 feet.

The group behind the Malta operation

DC Aviation Group was formed in 2007 out of DaimlerChrysler Aviation, a subsidiary of DaimlerChrysler AG, according to the group’s website. Headquartered in Stuttgart, it lists locations in Dubai, Malta, Munich, Nice, San Marino and Aruba, and describes itself as running one of the largest and most versatile business fleets in Europe. The site lists International Standard for Business Aircraft Handling (IS-BAH), International Standard for Business Aircraft Operations (IS-BAO) and Air Elite certifications, and 400 employees.

The Global 7500 also flies elsewhere in the group. In a release dated January 10, 2023, DC Aviation Al-Futtaim, the group’s joint venture with Dubai-based Al-Futtaim, said it had added a Global 7500 to its managed fleet, to be managed and operated for a private owner from its base at Al Maktoum International Airport in Dubai. The addition brought its managed fleet to nine aircraft at the time.

Boise-based Western Aircraft delivered its 300th Pilatus PC-12 on October 27, 2026, becoming the first authorized dealer worldwide to reach the milestone and cementing its position as the source for roughly 13 percent of all PC-12s operating globally.

The delivery of the aircraft, a PC-12 PRO bearing serial number 3107, coincided with the company handing over its 30th PC-24 twin-engine jet. In a press release issued by Pilatus Aircraft, the manufacturer noted the dual delivery milestones align with Western Aircraft’s 30th anniversary as an Authorized Pilatus Sales & Service Center.

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Milestone deliveries and partnership history

The 300th delivery represents a significant portion of the approximately 2,300 PC-12 single-engine turboprops Pilatus has manufactured since the program’s inception. Western Aircraft, a Greenwich AeroGroup company, has served as a primary conduit for Pilatus in the northwestern United States since becoming an authorized center in 1996.

Industry analysts note that the 300-aircraft milestone demonstrates sustained North American demand for versatile turboprop models capable of regional and remote operations. The achievement also underscores Pilatus’s strategy of utilizing a close-knit network of exclusive regional dealers to manage direct customer sales and lifecycle maintenance, repair, and overhaul (MRO) support.

Pilatus Group Chief Executive Officer Markus Bucher highlighted the longevity of the relationship between the manufacturer and the Idaho dealer.

“Over the past 30 years, we’ve built a partnership founded on trust and shared values: a passion for aviation, a commitment to excellence and a shared drive to provide every PC-12 and PC-24 customer with the best possible experience and support,” Bucher said.

Phil Winters, vice president of aircraft sales for Western Aircraft, attributed the dual delivery milestones to customer trust, dedicated employees, and the company’s longstanding partnership with the Swiss manufacturer.

Expanding the Pilatus portfolio

Western Aircraft expanded its Pilatus offerings in 2018 with the introduction of the PC-24. Marketed by Pilatus as the Super Versatile Jet, the PC-24 was designed to maintain the unpaved runway and short-field performance characteristic of the PC-12 while providing the speed and range of a twin-engine light jet.

The PC-24 program has seen continued global expansion throughout 2026, including increased adoption by military operators. In April 2026, the Spanish Navy selected the PC-24 to replace its aging Cessna Citation fleet. The French Navy subsequently took delivery of its first leased PC-24 from Jet Aviation in May 2026.

Western Aircraft’s corporate evolution

Operating from an 80,000-square-foot facility at Boise Airport (BOI), Western Aircraft has grown significantly since its founding in 1957 as the corporate flight department for the Morrison Knudsen Corporation. The company now operates as one of the largest aircraft services providers in the western United States, offering aircraft sales, maintenance, avionics, interior refurbishments, parts distribution, and fixed-base operator (FBO) services.

Greenwich AeroGroup acquired Western Aircraft in 2007, integrating it into a broader network of aviation service companies. Beyond its Pilatus dealership, Western Aircraft holds authorized service center status for Embraer, Piper, and Dassault Falcon. In July 2026, the company marked 25 years of providing MRO support for Dassault Falcon operators.

The company has also recently restructured its executive leadership. On September 14, 2026, Western Aircraft appointed Zachary Felda as chief financial officer, bringing over 20 years of aerospace and defense finance experience to the Idaho facility.