The founders of Marquis Jet have struck a potential $1.4 billion deal with Beechcraft to launch new “private membership” venture, Wheels Up, which will be anchored around a fleet of the Wichita-based company’s King Airs. The agreement with Beechcraft—the largest of its kind for a fleet of business turboprops—includes firm orders for 35 King Air 350is, with options for up to 70 more. The deal also includes a comprehensive maintenance and services contract, covering both scheduled and ...

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