Business
Wheels Up Advances Fleet Modernization Plan with Strategic Sale-Leaseback Transaction and Satellite Wi-Fi Milestone
Wheels Up Experience Inc. (NYSE: UP) ("Wheels Up" or the "Company"), a leading provider of on-demand private aviation, today announced that it has entered into a sale-leaseback transaction for a portion of its Phenom and Challenger fleets, and that its first Phenom aircraft equipped with best-in-class Gogo Galileo HDX satellite Wi-Fi has been placed into service. These two milestones further advance the company's fleet modernization strategy, enabling recent and planned future growth in 2026, an
About this update from Wheels Up Experience Inc.
[{"type":"text","content":"Initiatives close out a year focused on fleet transformation, operational excellence, and elevating the customer experience","length":123,"tagName":"p","attribs":{}},{"type":"text","content":"ATLANTA, Dec. 23, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) ("Wheels Up" or the "Company"), a leading provider of on-demand private aviation, today announced that it has entered into a sale-leaseback transaction for a portion of its Phenom and Challenger fleets, and that its first Phenom aircraft equipped with best-in-class Gogo Galileo HDX satellite Wi-Fi has been placed into service. These two milestones further advance the company's fleet modernization strategy, enabling recent and planned future growth in 2026, and continued enhancement of the customer experience.","length":619,"tagName":"p"},{"type":"image","alt":"Wheels Up (PRNewsfoto/Wheels Up)","displaySize":"","headline":null,"caption":"Wheels Up (PRNewsfoto/Wheels Up)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":236,"url":"https://media.zenfs.com/en/prnewswire.com/a6acad0349927d2504f4c372a02b4d30"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/1xRw2tsE3XGjiTO0HBDl0A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQxNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/a6acad0349927d2504f4c372a02b4d30","width":400,"height":236}},"href":"https://mma.prnewswire.com/media/1776408/Wheels_Up_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company continues to advance its previously announced fleet modernization strategy focused on scaling its fleet of Bombardier Challenger 300 series and Embraer Phenom 300 series aircraft. With strong underlying demand for its new fleet offerings that support the Company's recently launched Signature membership, in the fourth quarter the Company has acquired or has entered into definitive agreements to acquire 10 additional Challenger and Phenom aircraft, with additional plans to continue to significantly expand those fleets in 2026.","length":546,"tagName":"p"},{"type":"text","content":"In support of its fleet growth strategy, Wheels Up has entered into an agreement with an institutional capital provider to sell a portion of the Company's Challenger and Phenom fleets – 3 Challenger 300s and 7 Phenom 300s – and enter...