Charter & Fractional
Wheels Up Modernization Plan Gains Momentum
Connectivity upgrade begins with Phenom light jets
Wheels Up Bombardier Challenger 300
The company said it has entered into an agreement with an institutional capital provider to sell three Bombardier Challenger 300s and seven Phenom 300s and lease the aircraft back. © Wheels Up

Wheels Up has advanced its fleet modernization plan through a sale-leaseback transaction covering 10 aircraft and the entry into service of its first Embraer Phenom 300 equipped with Gogo Galileo HDX satellite connectivity.

The company said today that it has struck an agreement with an institutional capital provider to sell three Bombardier Challenger 300s and seven Phenom 300s and lease the aircraft back under long-term operating contracts. Wheels Up will continue to operate the aircraft, providing uninterrupted access for members and customers. The transaction supports the company’s ongoing shift toward an asset-light operating model while enabling planned fleet expansion in 2026.