How Delta Air Lines’ Ed Bastian Saved Private Jet Company Wheels Up
3 days ago · Apr. 1, 2022 – Wheels Up closes on its widely panned acquisition of charter broker Air Partner, PLC, at the cost of $110 million, although it would later be a vital leg of the Delta-Wheels Up ...
Delta CEO Sees Wheels Up Partnership Adding Value
1 day ago · Delta Air Lines CEO Ed Bastian discusses what President-elect Donald Trump's second administration means for the airline industry and Delta's partnership with Wheels Up. Wheels UP CEO George ...
Wheels Up Aligns With Delta To Offer Hybrid Travel Options
1 day ago · MIAMI—Expect more synergies to emerge between Wheels Up, the on-demand private aviation company, and its shareholder and strategic partner Delta Air Lines as fliers see options to mix and match ...
Delta is backing this Atlanta private jet company. Here's why
6 days ago · Wheels Up, as it exists today, was formed in 2019 when Delta spun off its Delta Private Jets subsidiary into a merger with Wheels Up. Delta took on an equity stake in Wheels Up, which amounted to ...
Delta ‘More Confident Than Ever’ in Wheels Up Despite …
Oct 23, 2024 · After buying 95% of the company in 2023 alongside a group of other investors, Delta is pledging more support for private jet firm Wheels Up. On Tuesday, the company announced sweeping changes to its fleet strategy along with more financing.
Wheels Up Reports Third Quarter Results
Nov 7, 2024 · Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the third quarter, which ended September 30, 2024. Third Quarter 2024 Highlights1 Revenue was $194 million, stabilizing at levels consistent with the first and second quarters of 2024, though down year over year due primarily to the sale of non-core businesses and focus on profitable flying Adjusted Contribution Margin ...
Wheels Up finalizes new investment with Delta ... - Delta News Hub
Sep 20, 2023 · Wheels Up, a private aviation company, announces a $500 million credit facility and a new Board of Directors structure with Delta, Certares, Knighthead and Cox. The investment aims to provide financial stability and future growth for the company and its customers.
Delta, New Investors Keep Wheels Up Flying; Here’s Why And ... - Forbes
Aug 15, 2023 · Delta and the owner of a major travel agency group will control 95% of Wheels Up after a $500 million investment announced this morning. Here what it could mean.
Wheels Up, Delta Air Lines Close On $500 Million Rescue Package - Forbes
Sep 20, 2023 · Five weeks after announcing a rescue package led by Delta Air Lines, Wheels Up said the deal has closed. It comes after continued losses, deteriorating cash and reports by CNBC, The Wall...
Wheels Up Secures $332 Million Revolving Financing Facility and ...
5 hours ago · New Bank of America-led facility, with Delta Air Lines credit support, provides growth flexibility as Wheels Up expands its fleet with GrandView Aviation assets to enhance customer experience ...