Wheels Up for $2.1bn IPO

A private jet charter start-up backed by investors including Serena Williams and Lance Armstrong plans to go public via a merger with a “blank cheque” company launched by the former head of the Asian division of a private equity firm co-founded by LVMH. The deal would give US-based Wheels Up, an online private jet booking platform, an enterprise value of $2.1bn. It is expected to close in the second quarter of 2021 and would mark the first private aviation platform to be listed on the New York Stock Exchange.  The merger would generate up to $790m in cash, including up