Wheels Up Archives

Wheels Up secures US$332 million financing, acquires GrandView fleet

On November 13, 2024, Wheels Up Experience (Wheels Up) has completed a major milestone in its growth strategy by securing a US$332 million revolving equipment notes facility with Bank of America and acquiring GrandView Aviation’s fleet of 17 Embraer Phenom 300 and Phenom 300E aircraft, along with associated maintenance assets and customer programmes. These transactions […]

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Wheels Up to transition its current jet fleets to Phenom 300 Series and Challenger 300 Series aircraft © Wheels Up

Wheels Up announces fleet modernisation, GrandView acquisition

Aircraft & Engines

Wheels Up Experience has unveiled a series of significant aircraft, commercial and financing transactions to lay the foundation for its fleet modernisation strategy. Upon completion, these transactions will transition Wheels Up’s current four jet aircraft types to two of the most popular and successful models in the industry – Embraer’s Phenom 300 and Phenom 300E

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George N. Mattson, a longstanding member of Delta's Board of Directors has been appointed CEO of Wheels Up

Wheels Up appoints George N. Mattson as CEO

People

Wheels Up Experience has appointed George N. Mattson as its new Chief Executive Officer (CEO), as the company charts its future as a leader in private jet travel. Mattson brings 25 years of aviation experience to the role, as a strategic advisor, financier, business owner/operator and director. Mattson is a longstanding member of Delta’s Board

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Wheels Up selects Bluetail to centralise all aircraft maintenance records

Information Technology

Bluetail has entered into an agreement with Wheels Up to implement Bluetail’s all-in-one aircraft records management hub and MACH Conformity module for its entire owned aircraft fleet. Managing Wheels Up’s maintenance records for its entire owned aircraft fleet on Bluetail’s cloud-based platform is expected to reduce maintenance costs and improve aircraft availability. Bluetail’s modern, cloud-based,

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Delta, Certares and Knighthead accelerate Wheels Up business transformation

Delta emerges as primary investor in US$500 million rescue package for Wheels Up

Financial

Delta Air Lines, Certares Management and Knighthead Capital Management have announced an expanded partnership with Wheels Up Experience to accelerate the company’s business transformation. Earlier this year, Wheels Up announced plans to scale and evolve its product offerings to deliver world-class private aviation service profitably. Funding provided by Delta, certain affiliates of Certares and Knighthead, and other

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Wheels Up faces closure as post-pandemic demand drops

Financial

Wheels Up Experience (Wheels Up), the private aircraft charter enterprise faces closure as demand for personal air transport continues to fall post the COVID-19 pandemic. According to REUTERS, the warning comes despite Delta Air Lines providing the business with substantial short-term funding. Wheels Up charters private aircraft to clients by the hour and according to

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