Wheels Up to acquire Delta Private Jets from Delta Air Lines.

Wheels Up, a private aviation company, agreed to acquire Delta Private Jets, a wholly-owned subsidiary of Delta, which provides aircraft charter services, aircraft management, and its distinctive membership programs, from Delta Air Lines, the US global airline. Financial terms are not disclosed. The transaction is subject to customary closing conditions and required governmental and regulatory approvals. “This groundbreaking partnership will democratize private aviation – making the convenience of private jet travel accessible to more consumers. Wheels Up’s lifestyle experiences and innovative digital platform, combined with the scale and service of Delta Private Jets, helps further Delta’s mission of connecting people and communities worldwide through travel. This agreement is the latest step in Delta’s ongoing effort to build partnerships that extend Delta’s brand beyond its core business,” Ed Bastian Delta CEO.