Wheels Up to purchase six Phenom 300E premium aircraft from Embraer
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Background ✨
Wheels Up CEO George Mattson said it completed the transition from legacy programmes and fleet to a Signature Program supported by a premium jet fleet, and targeted about USD70 million in annual cash cost savings through mid-2026.1 Wheels Up’s investor group led by Delta Air Lines committed a new USD100 million term loan and pursued expanded aircraft financing, aiming to add USD165 million of liquidity to support future aircraft investments.2