Charter & Fractional
Wheels Up Refreshes Jet Fleet With New Credit Facility
Private flight provider is also installing Gogo's Galileo HDX Wi-Fi service
George Mattson, Wheels Up CEO
George Mattson, Wheels Up CEO addresses reporters at NBAA-BACE 2024. © Mariano Rosales/AIN

Wheels Up is modernizing its jet fleet through a plan to consolidate the number of different aircraft types it operates to primarily two models: the Embraer Phenom 300 and Bombardier Challenger 300/350. The private flight provider also announced on Tuesday that it has lined up a $332 million credit facility from Bank of America, backed by the operator's main shareholder, Delta Air Lines.

During a briefing at NBAA-BACE 2024, Wheels Up CEO George Mattson told reporters the company has agreed to acquire GrandView Aviation’s entire fleet of 17 Phenom 300s and 300Es. The $105 million purchase price includes some related maintenance assets from the U.S. charter operator.