5x5 drew on the aviation experience of its four principals, Seth Zlotkin, Chris Brenner, John Odegard and Jeremy Bogle, to play a key role in executing the transition for Wheels Up. The team has transacted $1 billion.
5x5 Trading, an IADA-accredited dealer and fleet advisory firm, is embarking on a comprehensive fleet transformation in partnership with Wheels Up Experience, a provider of on-demand private aviation. Serving as Wheels Up's exclusive transaction partner, 5x5 has managed the acquisition and disposition of nearly 100 aircraft since 2024, helping the company complete its jet fleet modernisation programme 18 months ahead of the original timeline.
The programme supported Wheels Up's strategic decision to simplify its controlled fleet from four jet aircraft types to two, creating a more focused fleet centred on the Embraer Phenom 300 and Bombardier Challenger 300/350, two of the most in-demand aircraft in private aviation.
5x5 drew on the aviation experience of its four principals, Seth Zlotkin, Chris Brenner, John Odegard and Jeremy Bogle, to play a key role in executing the transition for Wheels Up. The founding team has transacted more than $1 billion in private aviation sales in their collective careers, with backgrounds spanning some of the largest institutional operators in the industry.
“This is exactly the kind of engagement 5x5 was built for,” notes John Odegard, 5x5 co-founder and IADA chair. “Fleet transitions of this scale require every acquisition and disposition to be managed in the context of the next. Working hand in hand with the Wheels Up team, we sequenced the transition to protect operational continuity while delivering against the timeline they set.”
The accelerated completion of its jet fleet modernisation programme has positioned Wheels Up for its next phase of growth. The company continues to expand its Phenom and Challenger fleets in response to strong demand for its Wheels Up Signature Membership and charter programmes.
“Modernising our controlled fleet was a defining step in the transformation of Wheels Up, and we set an aggressive timeline because the opportunity in front of us demanded it,” adds Meaghan Wells, chief growth officer of Wheels Up. “We designed the strategy and brought in 5x5 Trading to execute a key part of it. Its transactional discipline helped us reach a simpler, more efficient fleet well ahead of schedule. That foundation now lets Wheels Up scale its Phenom and Challenger fleets behind our Signature Membership and deliver the experience our customers expect.”
5x5 Trading is an IADA-accredited aircraft dealer and fleet advisory firm headquartered in Boca Raton, Florida. Founded in January 2024, 5x5 specialises in complex fleet transitions, aircraft acquisitions and dispositions, and corporate fleet strategy.
