Wheels Up extends Delta partnership to 2029, unveils new member/charter programs with guaranteed availability

Wheels Up Experience Inc.

Amended CCA with Delta runs through Sep 2029, renews automatically; Delta owns ~37.8% of Wheels Up common stock.
New Membership offers guaranteed availability/recovery in U.S., U.K., Europe; capped peak-day costs.
New Charter program provides pay-as-you-go with 2% flight credit per $50K flown and Diamond Medallion eligibility.
Members can use deposits to buy Delta commercial seats and receive 20% discount on select routes.
CEO George Mattson says streamlined portfolio increases flexibility and value via Delta partnership.

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