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Wheels Up closes $68mn mezzanine facility for fleet growth
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Wheels Up closes $68mn mezzanine facility for fleet growth
Wheels Up (WUP, Teterboro) and Sankaty Jet Capital, a subsidiary of global investment firm AIP Capital, have closed a USD68 million committed secure mezzanine facility to support the acquisition of additional Challenger 300 and Phenom 300 aircraft over the next 18 months, as part of a fleet modernisation programme announced in late 2024. The financing was previously disclosed alongside a USD100 million term loan, with an option for an additional…
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