Wheels Up Finalizes New Investment With Delta, Certares, Knighthead And Cox; Reveals New Structure For Its Board
Portfolio Pulse from Benzinga Newsdesk
Private aviation company Wheels Up has finalized a new investment deal with Delta Air Lines, Certares, Knighthead, and Cox. The new board structure will include four directors from Delta, two each from Certares and Knighthead, one from Cox, one company executive, and two independent directors from the previous board.
September 20, 2023 | 8:29 pm
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Delta Air Lines is part of a new investment deal with Wheels Up and will appoint four directors to the new board structure.
Delta's involvement in the investment and its significant representation on the board indicates a strategic move that could potentially bring new business opportunities and revenue streams. This could positively impact Delta's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80