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What’s Happening in Private Aviation?

from ETF Trends

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.

Learn more about the fund and its other holdings by clicking here.

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