Wheels Up Sells and Leases Back Portion of Phenom and Challenger Fleets

Reuters12-23
Wheels Up Sells and Leases Back Portion of Phenom and Challenger Fleets

Wheels Up Experience Inc. announced a sale-leaseback transaction involving a portion of its Phenom and Challenger fleets, selling 3 Challenger 300s and 7 Phenom 300s to an institutional capital provider and entering into long-term operating leases for the aircraft. The transaction is valued at approximately $105 million and is intended to support the company’s fleet modernization strategy and future aircraft acquisitions. Wheels Up will continue to operate the aircraft, ensuring uninterrupted service for customers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wheels Up Experience Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY52893) on December 23, 2025, and is solely responsible for the information contained therein.

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