Wheels Up (UP) Powers 11.7% on Fleet Expansion

Core Viewpoint - Wheels Up Experience Inc. (NYSE:UP) is experiencing significant stock performance due to its ongoing fleet expansion and modernization strategy, with a notable 11.70% increase in stock price to $0.7036 [1][5]. Fleet Expansion and Modernization - The company plans to significantly expand its fleet in 2026 as part of its modernization strategy [1]. - Wheels Up has entered into a $105 million sale-leaseback agreement involving three Challenger 300s and seven Phenom 300s, allowing the company to sell and lease back these aircraft [2]. - Under this agreement, Wheels Up will continue to operate the aircraft, ensuring uninterrupted access for its members and customers, while also refurbishing and upgrading the aircraft with HDX satellite Wi-Fi [3]. Financial Implications - Upon closing the sale-leaseback agreement, $65 million of the proceeds will be used to repay outstanding debt, while approximately $40 million will be added to the company's balance sheet as cash net proceeds [3]. - The CEO emphasized that these actions reflect a disciplined execution of the company's transformation strategy, which is supported by partnerships with sophisticated financial institutions [4][5].