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Wheels Up Experience ( (UP) ) just unveiled an announcement.
Wheels Up Experience Inc. has secured a $332 million revolving equipment notes facility, backed by Bank of America and Delta Air Lines, to support its fleet modernization strategy. This financing marks a significant step in acquiring 17 Embraer Phenom 300 series aircraft from GrandView Aviation, enhancing its service offerings and maintaining competitive edge in the private aviation market. The strategic move is aimed at delivering increased flexibility, comfort, and reliability for customers, aligning with Wheels Up’s growth goals.
Learn more about UP stock on TipRanks’ Stock Analysis page.