All Wheels Up Experience articles
-
News
Wheels Up rescued with $500m in funding
Delta Air Lines, travel investment firm Certares Management and Knighthead Capital Management have stepped in to rescue troubled private jet firm Wheels Up Experience - parent of cargo charter broker Air Partner.The deal will see the three companies provide a $400m term loan and a $100m liquidity facility from its ...
-
News
Troubled Wheels Up Experience looks to stabilise operations
Private jet firm Wheels Up Experience - the parent of charter broker Air Partner - has moved to stabilise the business as it faces financial troubles.The company yesterday announced that its largest shareholder, Delta Air Lines, has provided a short-term capital infusion to the company.Wheels Up Experience said that it ...
-
News
Air charter demand rising
The global air charter services market is expected to be valued at $31.9bn in 2023, according to a US market research company.Fact.MR said the market is projected to have a total valuation of $54bn by 2033.The company's research found the market is highly fragmented currently, and North America holds a ...
-
News
Broker Air Partner set to be bought in $107m deal
Private aviation firm Wheels Up Experience Inc has reached an agreement to buy UK-based charter broker Air Partner.Under the terms of the transaction, Wheels Up will acquire the entire issued and to be issued ordinary share capital of Air Partner for £1.25 per share, equivalent to an enterprise value of ...