Wheels Up To Receive $500M Bailout As It Cedes Control

Wheels Up Cessna 750 Citation X
Credit: Markus Mainka / Alamy Stock Photo
Financially troubled Wheels Up has signed a non-binding agreement for a $500 million rescue from Delta Air Lines and other financial investors in exchange for 95% ownership in the company, as the private jet membership provider works to prevent bankruptcy. The non-binding agreement in principle...
Molly McMillin

Molly McMillin, a 25-year aviation journalist, is managing editor of business aviation for the Aviation Week Network and editor-in-chief of The Weekly of Business Aviation, an Aviation Week market intelligence report.

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