Finance, Taxes, Insurance
Wheels Up Completes $332M Financing, Acquires 17 Jets
Expansion of fleet will enhance service during holidays
Grandview Aviation Phenom 300s on airport ramp with doors open

Wheels Up today announced the completion of a $332 million revolving credit facility and the acquisition of 17 Embraer Phenom 300/300Es from GrandView Aviation. The latter company will continue to operate the light jets on behalf of the former until they are added to Wheels Up's air operator certificate in first-quarter 2025.

The revolving notes facility, secured through Bank of America and supported by Delta Air Lines, will refinance the existing Wheels Up fleet, secure the purchase of the Phenom light jets, and provide for additional borrowing access. The GrandView deal includes related maintenance assets and customer programs.