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New Deal


Announced

Completed

Delta, Certares, Knighthead and Cox to invest in Wheels Up.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Airlines

travel services

Acquisition

Domestic

Minority

Private Equity

Venture Capital

Public

Completed

Single Bidder

Friendly

Synopsis

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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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