Wheels Up Secures $332M Financing and Acquires Phenom 300 Fleet

Wheels Up Experience, a US-based private aviation company, has closed a new $332 million revolving equipment notes facility with Bank of America, supported by credit backing from Delta Air Lines. This financing initiative provides Wheels Up with increased liquidity to support its operations and fleet expansion plans. Alongside this development, Wheels Up has completed the acquisition of a fleet of 17 Phenom 300 and Phenom 300E aircraft from GrandView Aviation, further enhancing its service offerings and operational capacity.