Wheels Up acquires 17 Phenom 300 Series aircraft
November 17, 2024
Wheels Up has announced the acquisition of GrandView Aviation’s fleet of 17 Embraer Phenom 300 and 300E aircraft.
The move expands its fleet aimed at improving reliability and customer experience, particularly during peak travel seasons.
The acquisition, supported by a new $332 million revolving credit facility backed by Delta Air Lines, also refinances Wheels Up’s existing fleet.
“Our fleet transition starts today with the strategic acquisition of GrandView’s Phenom fleet and the immediate introduction of the Phenom fleet into our programmatic member as well as charter offerings as we head into the peak holiday travel season,” said George Mattson, chief executive officer.
“By expanding our fleet with newer, more capable aircraft, we are positioning Wheels Up to remain at the forefront of our industry, offering our customers private aviation solutions that deliver greater flexibility, enhanced comfort, and the reliable access our customers expect.”
