Wheels Up Announces Fleet Modernization Strategy and Associated Transactions

Wheels Up to transition its current jet fleets to Phenom 300 Series and Challenger 300 Series aircraft Entered into agreement to acquire GrandView Aviation's entire fleet of 17 Phenom 300 and Phenom 300E aircraftEntered into agreement to sell entire owned fleet of super mid Citation X aircraft and lease for a limited period in preparation for transition to Challenger fleetNew fleet to be outfitted with best-in-class Gogo Galileo HDX satellite-based WiFiCommitted financing to be provided by Bank of America, ...