Wheels Up Plans to Sell 10 Aircraft for $104.7 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
0mins
Should l Buy UP?
Wheels Up Experience "continues to advance its previously announced fleet modernization strategy focused on scaling its owned and leased fleet of Bombardier Challenger 300 series and Embraer Phenom 300 series aircraft. On December 22, 2025, Wheels Up Partners LLC , an indirect subsidiary of the Company, entered into an Aircraft Purchase Agreement with UMB Bank, N.A., a national banking organization, not in its individual capacity but solely as owner trustee, pursuant to which (i) WUP LLC expects to sell three (3) Bombardier Challenger 300 series and seven (7) Embraer Phenom 300 series aircraft to Buyer, and (ii) concurrently with such Sales, Wheels Up Private Jets LLC, an indirect subsidiary of the Company, expects to enter into long-term operating leases with Buyer for all 10 Leased Aircraft. The Transactions allow the Company to continuously retain and operate the Leased Aircraft in its controlled fleet with no anticipated operational impact to members and customers, including during the busy holiday flying season. The Company expects that the Transactions will close on or before December 31, 2025. Subject to the terms and conditions of the APA, the aggregate sale price for the Leased Aircraft is expected to be approximately $104.7 million. Upon closing, the Company expects the Sales will result in the funding of up to approximately $39.4 million of cash net proceeds, after related debt repayments, to the Company's balance sheet, which are expected to be used for the planned acquisition of additional Bombardier Challenger 300 series and Embraer Phenom 300 series aircraft."
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About UP
Wheels Up Experience Inc. is a provider of on-demand private aviation in the United States. The Company offers a complete global aviation solution with a large and diverse fleet and a global network of safety-vetted charter operators. Its offering is delivered through a mix of its member programs and charter solutions that utilize its owned and leased aircraft fleet and an asset-light charter model to deliver a range of global travel alternatives. In addition, its partnership with Delta Air Lines, Inc. (Delta) provides its members and customers with an offering across both private and premium commercial travel. In addition to its Wheels Up Membership and Wheels Up Charter offerings, it provides wholesale charter services to customers, such as charter flight brokers and third-party operators. It offers group charter flights, cargo flights, maintenance, repair and operations services (MRO), fixed-base operator (FBO) services, safety and security services, and special missions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Heisman Trophy Winner Joins Wheels Up Community
- Star Athlete Joins: Heisman Trophy winner and NCAA National Champion quarterback Fernando Mendoza officially joins the Wheels Up Ambassador community, highlighting the company's commitment to serving athletes and enhancing brand prestige.
- Flexible Travel Solutions: The strategic partnership between Wheels Up and Delta Air Lines allows Mendoza and his family to seamlessly transition between private and commercial flights, addressing their high-demand travel needs across multiple cities and enhancing customer experience.
- Importance of Family Support: Mendoza emphasizes the need for flexible travel for his mother, who has multiple sclerosis, and Wheels Up's personalized services help them stay connected during significant moments, reflecting the company's customer-centric approach.
- Alignment of Brand Values: Wheels Up CEO George Mattson states that Mendoza's leadership and family-first mentality align closely with the brand's values, as the company's mission is to provide barrier-free travel experiences that support customers in pursuing what matters most.
See More
Wheels Up to Release Q4 2025 Financial Results on February 19, 2026
- Earnings Release Schedule: Wheels Up Experience Inc. has announced that it will release its fourth quarter 2025 financial results on February 19, 2026, with earnings materials available on the investor relations website, demonstrating the company's commitment to transparency and investor communication.
- Business Overview: As a leading global provider of on-demand private aviation, Wheels Up boasts a diverse fleet and a network of safety-vetted charter operators, emphasizing its competitive advantage in the market through a commitment to safety and service.
- Customer Service Model: Through a strategic partnership with Delta Air Lines, Wheels Up offers charter and membership programs along with premium commercial travel benefits, enhancing its market appeal and customer loyalty.
- Cargo Service Expansion: Wheels Up also provides cargo services via Air Partner Cargo to individuals and government organizations, reflecting its strategic direction of business diversification aimed at meeting varied client needs.
See More
Heisman Trophy Winner Joins Wheels Up Community
- Ambassador Addition: Heisman Trophy winner and NCAA National Champion quarterback Fernando Mendoza joins the Wheels Up Ambassador community, showcasing the company's commitment to addressing modern athlete needs and enhancing brand image.
- Flexible Travel Solutions: The strategic partnership between Wheels Up and Delta Air Lines allows Mendoza and his family to seamlessly switch between private and commercial flights, catering to their high-demand travel needs across multiple cities and enhancing customer experience.
- Family-First Philosophy: Mendoza emphasizes the crucial support from his family, and Wheels Up's personalized services facilitate easier travel for his mother during treatment, reflecting the company's deep understanding of customer needs.
- Commitment to Athletes: As a Wheels Up Ambassador, Mendoza will engage in community activities, reflecting the company's dedication to providing aviation solutions tailored to the realities of modern sports, thereby expanding its market influence.
See More
Wheels Up Launches Integrated Aviation Engagement Model
- Market Model Integration: Wheels Up launches a new customer engagement model in partnership with Delta Air Lines, integrating private aviation membership, charter, and group charter services to enhance customer experience and deliver personalized solutions.
- Brand Unification: The company consolidates the Wheels Up and Air Partner brands into a single organizational structure, eliminating previously separate sales and service teams, thereby improving operational efficiency and strengthening customer relationship management.
- Customer Service Optimization: Under the new model, customers are paired with dedicated sales and service teams responsible for support throughout every phase of their journey, ensuring consistent high-quality service that enhances customer satisfaction and loyalty.
- Global Expansion Plan: All U.S. private jet and group charter services will now operate under the Wheels Up brand, with plans to expand to the U.K. and other regions in the coming months, thereby strengthening the company's competitive position in the global aviation market.
See More
Wheels Up Launches Integrated Aviation Engagement Model
- Market Model Integration: Wheels Up has launched a personalized customer engagement model by integrating its global aviation platform, aimed at enhancing customer experience and strengthening market competitiveness.
- Brand Unification: The company has consolidated all customer services under a single brand, streamlining sales, marketing, and service processes, thereby improving operational efficiency and increasing customer satisfaction.
- Strategic Partnership: The collaboration with Delta Air Lines enables Wheels Up to offer a more comprehensive suite of aviation solutions, further solidifying its leadership position in the private aviation market.
- Team Collaboration Enhancement: Under the new structure, customers are paired with dedicated sales and service teams to ensure consistent high-quality service throughout every journey, thereby enhancing customer loyalty.
See More
PGA Tour Star Ben Griffin Joins Wheels Up Ambassador Program
- Ambassador Program Expansion: Wheels Up announces the addition of PGA Tour professional Ben Griffin to its ambassador program, reflecting the company's strategic focus on professional sports and aiming to enhance brand visibility through athlete partnerships.
- Travel Flexibility Advantage: Griffin was attracted to Wheels Up for its customer-centric programs and modern fleet, combined with its strategic partnership with Delta Air Lines, which optimizes travel options and simplifies logistics, ensuring athletes maintain efficiency amidst demanding schedules.
- Notable Career Achievements: Griffin's impressive 2025 season included three PGA Tour wins and 17 top 25 finishes, propelling him to No. 8 in the Official World Golf Ranking and securing a spot on the 2025 U.S. Ryder Cup team, showcasing his rapid ascent in professional golf.
- Community Engagement Enhancement: As a Wheels Up ambassador, Griffin will engage with the Wheels Up community through select events throughout the year, emphasizing the company's commitment to supporting the travel needs of athletes and their teams.
See More
Heisman Trophy Winner Joins Wheels Up Community
- Star Athlete Joins: Heisman Trophy winner and NCAA National Champion quarterback Fernando Mendoza officially joins the Wheels Up Ambassador community, highlighting the company's commitment to serving athletes and enhancing brand prestige.
- Flexible Travel Solutions: The strategic partnership between Wheels Up and Delta Air Lines allows Mendoza and his family to seamlessly transition between private and commercial flights, addressing their high-demand travel needs across multiple cities and enhancing customer experience.
- Importance of Family Support: Mendoza emphasizes the need for flexible travel for his mother, who has multiple sclerosis, and Wheels Up's personalized services help them stay connected during significant moments, reflecting the company's customer-centric approach.
- Alignment of Brand Values: Wheels Up CEO George Mattson states that Mendoza's leadership and family-first mentality align closely with the brand's values, as the company's mission is to provide barrier-free travel experiences that support customers in pursuing what matters most.
See More
Wheels Up to Release Q4 2025 Financial Results on February 19, 2026
- Earnings Release Schedule: Wheels Up Experience Inc. has announced that it will release its fourth quarter 2025 financial results on February 19, 2026, with earnings materials available on the investor relations website, demonstrating the company's commitment to transparency and investor communication.
- Business Overview: As a leading global provider of on-demand private aviation, Wheels Up boasts a diverse fleet and a network of safety-vetted charter operators, emphasizing its competitive advantage in the market through a commitment to safety and service.
- Customer Service Model: Through a strategic partnership with Delta Air Lines, Wheels Up offers charter and membership programs along with premium commercial travel benefits, enhancing its market appeal and customer loyalty.
- Cargo Service Expansion: Wheels Up also provides cargo services via Air Partner Cargo to individuals and government organizations, reflecting its strategic direction of business diversification aimed at meeting varied client needs.
See More
Heisman Trophy Winner Joins Wheels Up Community
- Ambassador Addition: Heisman Trophy winner and NCAA National Champion quarterback Fernando Mendoza joins the Wheels Up Ambassador community, showcasing the company's commitment to addressing modern athlete needs and enhancing brand image.
- Flexible Travel Solutions: The strategic partnership between Wheels Up and Delta Air Lines allows Mendoza and his family to seamlessly switch between private and commercial flights, catering to their high-demand travel needs across multiple cities and enhancing customer experience.
- Family-First Philosophy: Mendoza emphasizes the crucial support from his family, and Wheels Up's personalized services facilitate easier travel for his mother during treatment, reflecting the company's deep understanding of customer needs.
- Commitment to Athletes: As a Wheels Up Ambassador, Mendoza will engage in community activities, reflecting the company's dedication to providing aviation solutions tailored to the realities of modern sports, thereby expanding its market influence.
See More
Wheels Up Launches Integrated Aviation Engagement Model
- Market Model Integration: Wheels Up launches a new customer engagement model in partnership with Delta Air Lines, integrating private aviation membership, charter, and group charter services to enhance customer experience and deliver personalized solutions.
- Brand Unification: The company consolidates the Wheels Up and Air Partner brands into a single organizational structure, eliminating previously separate sales and service teams, thereby improving operational efficiency and strengthening customer relationship management.
- Customer Service Optimization: Under the new model, customers are paired with dedicated sales and service teams responsible for support throughout every phase of their journey, ensuring consistent high-quality service that enhances customer satisfaction and loyalty.
- Global Expansion Plan: All U.S. private jet and group charter services will now operate under the Wheels Up brand, with plans to expand to the U.K. and other regions in the coming months, thereby strengthening the company's competitive position in the global aviation market.
See More
Wheels Up Launches Integrated Aviation Engagement Model
- Market Model Integration: Wheels Up has launched a personalized customer engagement model by integrating its global aviation platform, aimed at enhancing customer experience and strengthening market competitiveness.
- Brand Unification: The company has consolidated all customer services under a single brand, streamlining sales, marketing, and service processes, thereby improving operational efficiency and increasing customer satisfaction.
- Strategic Partnership: The collaboration with Delta Air Lines enables Wheels Up to offer a more comprehensive suite of aviation solutions, further solidifying its leadership position in the private aviation market.
- Team Collaboration Enhancement: Under the new structure, customers are paired with dedicated sales and service teams to ensure consistent high-quality service throughout every journey, thereby enhancing customer loyalty.
See More
PGA Tour Star Ben Griffin Joins Wheels Up Ambassador Program
- Ambassador Program Expansion: Wheels Up announces the addition of PGA Tour professional Ben Griffin to its ambassador program, reflecting the company's strategic focus on professional sports and aiming to enhance brand visibility through athlete partnerships.
- Travel Flexibility Advantage: Griffin was attracted to Wheels Up for its customer-centric programs and modern fleet, combined with its strategic partnership with Delta Air Lines, which optimizes travel options and simplifies logistics, ensuring athletes maintain efficiency amidst demanding schedules.
- Notable Career Achievements: Griffin's impressive 2025 season included three PGA Tour wins and 17 top 25 finishes, propelling him to No. 8 in the Official World Golf Ranking and securing a spot on the 2025 U.S. Ryder Cup team, showcasing his rapid ascent in professional golf.
- Community Engagement Enhancement: As a Wheels Up ambassador, Griffin will engage with the Wheels Up community through select events throughout the year, emphasizing the company's commitment to supporting the travel needs of athletes and their teams.
See More
