WHEELS UP had $144.8m net loss on $320m revenues in 3Q23 vs $148.8m loss on $420m in 3Q22; active users decreased 10% to 11,988 from 13,339 a year ago and live flight legs decreased 21% to 16,581 from 21,025.
ARCHER AVIATION and INTERGLOBE ENTERPRISES signed MOU to launch/operate an all-electric air taxi service in India; partnership also plans to finance purchase of up to 200 Midnight eVTOLs for the operation and other use cases.