Wheels Up closes $68M aircraft financing, extends Delta's 35.6% stake lock-up to May 2027

Filed May 26, 2026 · Period ending May 21, 2026 · ~1 min read

Key Changes

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  Closed $68M revolving aircraft financing secured by 42 jets, receiving $64.3M net proceeds for working capital and fleet expansion. Facility bears 5.97% interest with no principal payments until November 2027 maturity.

  Item 2.03: Financial Obligation verify on EDGAR →
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  Delta extended lock-up on its 35.6% stake through May 2027, preventing sales in open market. Delta also provides credit support guaranteeing payment obligations under aircraft financing in exchange for annual fees.

  Item 1.01: Material Agreement verify on EDGAR →
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  Pursuing additional $100M unsecured term loan from lead lenders Delta and Cox Investment Holdings, expected to close in Q2 2026. Commitment letter already executed.

  Item 8.01: Other Events verify on EDGAR →