“Wheels Up offers a variety of new products through its membership tier including a ride-sharing program through its app that allows its members to fill up any unused seats available by other Wheels Up members from your smartphone.

‘You are [flying] with like-minded folks that are already members of the club. They been vetted and verified because they are members already,’ Dichter said. ‘And again, in less than a two hour flight, you might meet somebody and do some business.’

Dichter credits its membership business model to the likes of Costco (COST), Amazon Prime (AMZN) and Netflix (NFLX), where membership retention rates continue to grow in a shared economy.”

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