Charter & Fractional
Wheels Up Nets $259 Million from Aircraft Financing
Proceeds from the Wheels Up latest round of financing will be used to enhance operations.
New financing and MOC are just the latest developments in the fast-moving landscape at Wheels Up. (Photo: David McIntosh)
New financing and MOC are just the latest developments in the fast-moving landscape at Wheels Up. (Photo: David McIntosh)

Wheels Up announced Monday that it will receive net proceeds of $259 million by mortgaging its primary owned aircraft. “We created some runway,” CEO Kenny Dichter told AIN. “We are going to invest in our members, operations, and technology.” 


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