Wheels Up Announces $332 Million Plan For Future

Wheels Up has secured $332 million in financing to fund a three-year expansion and modernization plan that will buy it 100 new jets and give it financial stability. The company, which began with a handful of King Airs and Beechjets grew to become one of the largest on-demand charters in the U.S.


This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/wheels-up-announces-332-million-plan-for-future

Interesting. After immediately going public the company runs into financial difficulty and is bailed out by Delta. Now Delta is pouring more money into what appears to be a bottomless pit. It’s so easy to spend other people’s money. The decision makers will never get touched, however, the share holders will pay dearly.

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Why do I always see “Heels Up” when I see this company’s name?

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