Wheels Up Secures $332 Million Revolving Financing Facility and Completes Acquisition of 17 Phenom 300 Series Aircraft
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Wheels Up Experience Inc. has secured a $332 million revolving financing facility led by Bank of America, with credit support from Delta Air Lines. The company also completed the acquisition of 17 Phenom 300 Series aircraft from GrandView Aviation, marking a significant step in its strategic growth and fleet expansion.
November 14, 2024 | 1:15 pm
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Wheels Up Experience Inc. has secured a $332 million financing facility and acquired 17 Phenom 300 Series aircraft, enhancing its fleet and growth potential.
The acquisition of new aircraft and securing a significant financing facility are positive developments for Wheels Up, indicating strong growth potential and financial stability. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100