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Wheels Up Lead Investors Extend Lock-Up, Underscoring Confidence in Transformation Strategy
Prnewswireยท 2025-09-22 11:30
Core Points - Wheels Up Experience Inc. announced an extension of the lock-up restriction for its lead investors' shares until May 22, 2026, affecting approximately 85% of the total outstanding shares [1] - The CEO of Wheels Up expressed confidence in the company's strategy and progress, highlighting the importance of long-term support from investors in scaling operations and enhancing membership offerings [2] Company Overview - Wheels Up is a leading provider of on-demand private aviation in the U.S., offering a diverse fleet and a global network of safety-vetted charter operators [2] - The company provides charter and membership programs, along with commercial travel benefits through a partnership with Delta Air Lines, and also offers cargo services to various clients [2]