# ATG Not Dead Yet, FlyExclusive’s “Positive” EBITDA & Apocalypse Private Jet Tracker

Page: https://stenobird.com/podcast/the-vip-seat-private-aviation-news-7163226/atg-not-dead-yet-flyexclusive-s-positive-ebitda-apocalypse-private-jet-tracker
Text version: https://stenobird.com/podcast/the-vip-seat-private-aviation-news-7163226/atg-not-dead-yet-flyexclusive-s-positive-ebitda-apocalypse-private-jet-tracker.md
Podcast: [The VIP Seat: Private Aviation News](https://stenobird.com/podcast/the-vip-seat-private-aviation-news-7163226)
Published: 2026-05-13T11:00:00+00:00
Episode link: https://api.riverside.com/hosting-analytics/media/63b4544190d17c3ebc6d60d397e4cdda3138390cadc20d24228a604a7883a24d/eyJlcGlzb2RlSWQiOiJmZDBmZjY0YS1mNDUxLTQ4M2YtYWFmMi04MzFlOGJhNTJkOTYiLCJwb2RjYXN0SWQiOiJiNjExZjA1OC01MDMyLTRkNDQtYWIxYi00ZjY1MGYxOWVkMDMiLCJhY2NvdW50SWQiOiI2NmI2MjRiNDY0M2RjMGVlNmYyM2Q2ZTkiLCJwYXRoIjoibWVkaWEvY2xpcHMvNmEwMzkzNmU2OTdhYTY2OGNkZTM5MDMyL2plc3NpY2EtbmFvcnMtc3R1ZGlvLWNvbXBvc2VyLTIwMjYtNS0xMl9fMjItNTQtNi5tcDMifQ==.mp3
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Duration seconds: 2119

## Resource

From Gogo’s latest ATG whiplash to the world’s first piloted hydrogen‑electric helicopter circuit, this week’s VIP Seat is packed with the stories insiders are actually talking about. In this episode, Jessie Naor and Preston Holland break down the most important—and the strangest—moves in business aviation right now, with their usual mix of data, operator reality, and memes. We start with Gogo’s 5G saga and the surprise six‑month reprieve for legacy ATG users. After years of delays, chip and software issues, and shifting launch timelines, Gogo’s next‑gen network is supposed to be ready for prime time, but a last‑minute software problem has pushed the full conversion again, and the FCC has allowed classic ATG to stay on until November. Jessie and Preston talk about what this means for operators who scheduled downtime, paid for upgrades, and now feel like they’ve been jerked around—plus why Starlink‑equipped fleets like ABJets suddenly look very smart. FlyExclusive has finally turned the adjusted EBITDA corner while still relying on some non‑cash fleet‑modernization add‑backs, and the team digs into what that actually tells you about the business versus the headline “we’re positive now” story. They look at revenue mix shifts away from pure wholesale charter, why uptime and aircraft choice (CJ3+, XLS, Challenger) show up directly in contribution margin, and how moving to more fractional and managed structures is changing the economics. Then it’s over to Wheels Up and its ongoing turnaround. The hosts unpack the latest from Delta‑backed financing, new mezzanine capital, and a fleet reshuffle away from aging Hawker 400XPs and Citation Xs toward Phenom 300s and Challenger 300/350s. They talk about what 10% gross bookings growth really means when you’re still burning cash, wh…

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## Transcript

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