Announced
Completed
Financials
Sources
Tags
United States
Airlines
travel services
Acquisition
Domestic
Minority
Private Equity
Venture Capital
Public
Completed
Single Bidder
Friendly
Synopsis
Delta, Certares, Knighthead and Cox agreed to invest in Wheels Up, a provider of on-demand private aviation in the US. Financial terms were not disclosed. "Wheels Up is an integral part of Delta's portfolio of premium partners, and this deep relationship offers a significant opportunity to deliver compelling benefits to our customers that are unique in the travel space. This investment and new leadership puts Wheels Up on a strong path to future success," Dan Janki, Wheels Up Chairman and Delta Chief Financial Officer.
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