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Wheels Up Signs Jet Sale-Leaseback, Advances Fleet Modernization

Story Highlights
  • Wheels Up executed a $105 million sale-leaseback of ten jets, boosting liquidity and debt capacity.
  • The company began deploying Gogo Galileo HDX Wi-Fi on its Phenom and Challenger fleets to elevate connectivity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Wheels Up Signs Jet Sale-Leaseback, Advances Fleet Modernization

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An update from Wheels Up Experience ( (UP) ) is now available.

On December 22, 2025, Wheels Up Experience Inc. entered into a roughly $105 million sale-leaseback agreement covering three Bombardier Challenger 300s and seven Embraer Phenom 300s, allowing it to continue operating the jets under long-term leases while unlocking an estimated $40 million of net cash and freeing up about $65 million in revolving equipment debt capacity. The transaction, expected to close by year-end 2025, supports the company’s fleet modernization and asset-light shift as it accelerates investment in Challenger and Phenom 300 series aircraft, underpins its recently launched Signature membership, and is designed to maintain uninterrupted service for customers during the peak holiday season and beyond. Separately, the company placed its first Phenom 300 equipped with Gogo Galileo HDX satellite Wi-Fi into service in December 2025, marking the start of a broader 2026 rollout of high-speed, globally available in-flight connectivity across its modernized fleet to enhance the premium customer experience.

The most recent analyst rating on (UP) stock is a Hold with a $0.64 price target. To see the full list of analyst forecasts on Wheels Up Experience stock, see the UP Stock Forecast page.

Spark’s Take on UP Stock

According to Spark, TipRanks’ AI Analyst, UP is a Neutral.

Wheels Up Experience is facing significant financial challenges, with negative margins and a weak balance sheet being the most critical issues. Technical analysis indicates bearish momentum, further weighing on the stock’s outlook. Valuation metrics are also unfavorable, with a negative P/E ratio and no dividend yield. While corporate events show some investor confidence, the overall financial and technical outlook remains concerning.

To see Spark’s full report on UP stock, click here.

More about Wheels Up Experience

Wheels Up Experience Inc., listed on the NYSE under the ticker UP, is a leading U.S. provider of on-demand private aviation, offering charter and membership programs supported by a large, diverse fleet and a network of safety-vetted charter operators. Through a strategic partnership with Delta Air Lines, the company also provides commercial travel benefits and cargo services to individuals, corporations, and government organizations, with booking and trip management available via its app and website.

Average Trading Volume: 5,129,152

Technical Sentiment Signal: Sell

Current Market Cap: $477M

For detailed information about UP stock, go to TipRanks’ Stock Analysis page.

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