UP / Wheels Up founder abruptly steps down as losses mount, potential bankruptcy looms

As more businesses take on a monthly subscription model to offer their services, even private jets are getting the membership treatment, with Wheels U more_horizontal

As cash burn continued and concerns escalated on Wheels Up's ability to continue as a going concern, shareholder Delta Air Lines and its investing aff more_horizontal

Wheels Up Experience, a company that charters private jets, announced a deal to give up nearly all of its stock to a trio of lending partners in excha more_horizontal

Ailing private aviation services provider Wheels Up Experience avoids bankruptcy at the price of massive dilution for existing equity holders. Strateg more_horizontal

Without ever making a profit, private aircraft travel company Wheels Up (WUP) now warns of substantial doubt about its ability to continue operations more_horizontal

NEW YORK , June 5, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), the leading brand in private aviation, today announced that Todd Smith, more_horizontal

Wheels Up is not the only private aircraft charter company that has had consecutive losses over the years, as revelations of VistaJet Global finances more_horizontal

Like many private jet startups, Wheels Up was dogged by high costs and operating issues. more_horizontal