The VIP Seat: Private Aviation News

Solairus Aviation Gets Bigger, Wheels Up Still in a Turnaround?

August 12, 2026·31 min
Episode Description from the Publisher

Is Wheels Up finally building momentum—or simply burning more runway? We break down their latest financial release (not financial advice!).This week, we battle it out over the Wheels Up Q2 results. The fleet transition is done early, the premium operation is more reliable, and management has put a 70-plus-hour utility target on the board. But cash burn, debt, deferred revenue and Delta support remain the real pressure points.We also break down Solairus and Clay Lacy's deal, NetJets’ jet-card pause, Chris Rocheleau’s return to NBAA, Real Jet's Crytpo.com news, FAA cannabis research, and a little AI-slop-induced madness.

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