Announced
Completed
Financials
Tags
United States
Merger
Private
Single Bidder
Acquisition
Airlines
Majority
Cross Border
Friendly
travel services
Reverse Takeover
De-SPAC
Private Equity
Completed
Synopsis
Wheels Up, a private aviation with its technology-driven marketplace, expanding the addressable market and making private air travel, went public via a SPAC merger with L Catterton-backed Aspirational Consumer Lifestyle in a $2.1bn deal. "When we founded Aspirational, Wheels Up was exactly the kind of company we wanted to partner with. Kenny and his world-class team have created a truly iconic brand built upon years of exceptional, personalized customer experiences. They are a clear leader and innovator in the space and we look forward to working together to introduce Wheels Up to the global stage. We see many opportunities to leverage our experience and relationships to partner with other aspirational and luxury brands and to expand to international markets," Ravi Thakran, Aspirational Chairman & CEO.
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