Wheels Up is a new airline travel company co-founded by Bill Allard who stands in front of a new Beechcraft 350i King Air turbojet plane with only 30 hours on it.
John Tlumacki | The Boston Globe | Getty Images
Private jet company Wheels Up reported a 68% jump in first-quarter revenue and 56% increase in active members, as growing wealth creation and pandemic fears continue to drive demand for flying private.
The company, which is expected to close its merger with the blank-check firm Aspirational Consumer Lifestyle Corp. and become public this summer, saw revenue climb to $261.7 million in the first quarter compared with $156.1 million a year ago. Its losses also narrowed, as it reported a…