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.

Acquisition agreements increased to 167 from 134 in Q1, signalling a stronger pipeline of future transactions, while dealer inventory purchases doubled, rising from 29 to 65, driven in part by an increase in March activity.

John Odegard, partner and co-founder at 5x5 Trading, will serve as IADA board of directors chair. He is a seasoned aviation industry executive with over 30 years of experience in various sales and marketing positions.