Global NewsWheels Up Lands $500 Million Rescue That Puts Delta,...

Wheels Up Lands $500 Million Rescue That Puts Delta, Investors in Control

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Private jet membership company Wheels Up Experience has reached a deal to receive a $500 million rescue financing package from Delta Air Lines and investors with turnaround experience in the travel and tourism industries, the airline said Tuesday.

With the new capital infusion Wheels Up, a startup that was founded on the idea of expanding access to private-jet ownership, has a path to averting bankruptcy, which the company has been exploring as one of its strategic options.

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