About Wheels Up
Wheels Up is a membership-based private aviation company that focuses on reducing upfront cost to fly privately.
Headquarters
Wheels Up, New York
Founded
2013-01-01
Industry
Aerospace, Air Transportation, Travel
Last Funding Type
Post Ipo Debt
Valuation
4
Total Funding
$1.92 billion dollars
IPO Status
Public
Financial
Wheels Up may be growing as evidenced by several financial and operational indicators. The company has received a $500 million new financing deal, which suggests a significant capital infusion to support expansion efforts. Additionally, Wheels Up has announced plans to grow its fleet and intentions to go public, indicating a strategic move towards scaling operations and increasing market presence. Furthermore, the company has been actively involved in mergers and acquisitions, such as the deal with Airshare, which is expected to help Wheels Up grow, and the strategic acquisition of an aircraft management business, which expands its service offerings and potentially its customer base.
Wheels Up Experience Inc. (NYSE: UP) announced a streamlined product portfolio in collaboration with Delta Air Lines, aiming to enhance global access through membership and charter options. The company also reported its first quarter financial results for 2024 and appointed a new Chief Commercial Officer. Additionally, Wheels Up's stock surged following the announcement of the new product portfolio.
Wheels Up Experience Inc. (NYSE: UP) announced a streamlined product portfolio in collaboration with Delta Air Lines, aiming to enhance global access through membership and charter options. The company also reported its first quarter financial results for 2024 and appointed a new Chief Commercial Officer. Additionally, Wheels Up's stock surged following the announcement of the new product portfolio.
Funding Rounds
10
Number of Lead Investors
4
Total Funding Amount
$1.92 billion dollars
Number of Investors
32