WHEELS UP

Stephen Costley December 23, 2025

WHEELS UP announced sale/leaseback deal for three Challenger 300s and seven Phenom 300s to generate capital to repay $65m in outstanding debt and provide additional $40m of cash to balance sheet to fund acquisition of additional aircraft. It also placed into service its first Phenom 300 equipped...

Stephen Costley

Steve Costley is responsible for the overall production SpeedNews. Steve has over 30 years of experience with SpeedNews, now part of the Aviation Week Network. He joined the company in August 1989 as an Associate Editor and was named Managing Editor in 1994. He was also named Vice President and Chief Operating Officer of SpeedNews, Inc., in the late 1990s, and held those titles until Prism Business Media acquired the company from Gil Speed in 2006.

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