Wheels Up to acquire 17 Phenom aircraft for $105M, secure $332M revolver with Delta support

Wheels Up Experience Inc.

Agreement with GrandView Aviation to buy 17 Embraer Phenom 300/300E aircraft and related assets for $105M.
Bank of America commits up to $332M senior secured revolving credit facility; Delta provides credit support.
Proceeds will fund the acquisition, redeem ~$148.9M existing equipment notes, and add ~$75-115M cash.
Wheels Up to sell all 13 owned Citation X aircraft and lease back to transition to Challenger 300 fleet.
Fleet modernization targets ~10-year average age reduction; Phenom and Challenger fleet complete in ~3 years.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.