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...
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Wheels Up To Receive $500M Bailout As It Cedes Control is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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