Wheels Up Finalizes $500 Million Investment Rescue Package

Wheels Up
Credit: Nigel Prevett
Wheels Up Experience, a membership-based private flight provider, has finalized new investment into the company led by Delta Air Lines, averting potential bankruptcy and ceding control of the company. Under the deal, Wheels Up will issue Class A common stock to the lenders, which will eventually own...
Molly McMillin

Molly McMillin, a 25-year aviation journalist, is managing editor of business aviation for the Aviation Week Network and editor-in-chief of The Weekly of Business Aviation, an Aviation Week market intelligence report.

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.