Wheels Up finalises new investment with Delta, Certares, Knighthead and Cox

Wheels Up Experience has closed the previously announced investment by Delta Air Lines, Certares Management, Knighthead Capital Management and Cox Enterprises. The new investment structure includes an agreement for a $500 million credit facility to Wheels Up, with funds contributed by Delta and CK Wheels, which is co-managed by affiliates of Certares and Knighthead, and Cox. The announcement follows last week’s selection of George Mattson as the company’s new CEO. “This investment represents both an important source of capital for Wheels Up to support our strategy for financial stability, future profitability and long-term growth on behalf of our members and