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What’s Happening in Private Aviation?

from ETF Trends August 14, 2019

Ever thought about flying private? Well, it’s becoming somewhat easier and cheaper thanks to innovation in the private aviation space.

Start-up company Wheels Up, which gives members in the United States access to book short- and medium-range planes from a fleet via a mobile app, completed a $128 million round of funding that values the company around $1.1 billion, reports ETF Trends. Wheels Up is different from other competitors in the space where members do not own shares of a specific aircraft, but rather they pay an all-inclusive hourly rate for jet use.

What’s Happening in Private Aviation?

ETF Trends writes that “investors who want to get a piece of the airline industry can look to funds like the U.S. Global Jets ETF (NYSE Arca: JETS).” The fund invests in U.S. and international passenger airlines, aircraft manufacturers, airports and terminals services companies internationally. JETS was up 7.45 percent year-to-date as of August 12.

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