--- title: "Wheels Up Financing From Delta - SherpaReport" description: "The large private aviation operator Wheels Up has just received additional funding from Delta Air Lines -one of its largest shareholders." url: "https://www.sherpareport.com/aircraft/wheels-up-financing-delta.html" date: "2026-10-24T00:35:09+00:00" language: "en-GB" --- [ ![Sherpa Report](https://www.sherpareport.com/images/sherpa-report-logo-white.svg) ](https://www.sherpareport.com/) #### Member login Remember Me - [ Forgot your username?](https://www.sherpareport.com/lost-user-name.html) - [ Forgot your password?](https://www.sherpareport.com/lost-password.html) GO [ ](# "Menu") # Wheels Up Financing From Delta Nick Copley 11 August 2023 Last Updated: 11 August 2023 The large private aviation operator Wheels Up has just received additional funding from Delta Air Lines - one of its largest shareholders. [Founded in 2013, Wheels Up](https://www.sherpareport.com/aircraft/dichter-launches-wheels-up.html) has grown to be the largest part 135 charter provider in North America, with overall revenue of $1.6bn in 2022. Its growth has been spurred by a series of acquisitions, [including Delta Private Jets](https://www.sherpareport.com/aircraft/wheels-up-delta-private-jets.html), and in [2021 it went public in a SPAC](https://www.sherpareport.com/aircraft/wheels-up-doing-ipo-via-spac.html) deal. But in a shake up, just a few months ago, founder and CEO [Kenny Dichter stepped down](https://www.sherpareport.com/aircraft/wheels-up-kenny-dichter-steps-down.html) and CFO Todd Smith became the interim CEO. In today’s announcement the company simply said: “Wheels Up Experience Inc. (NYSE: UP) is actively involved in discussions around strategic business partnerships for the company and today announced that Delta Air Lines has provided a short-term capital infusion to the company.” There are no details on the amount that Delta provided. As one of the largest shareholders in Wheels Up the commercial airline has two senior executives on the board of directors, so has a lot of insight into Wheels Up state of affairs. Wheels Up also cancelled its second quarter financial results release, commenting “The company will share more details as available and has accordingly postponed its previously scheduled earnings communications and cancelled the call for today.” In a separate announcement, private aviation operator [Airshare has signed a Letter of Intent to purchase Wheels Up's aircraft management business](https://www.sherpareport.com/aircraft/airshare-wheels-up-aircraft-management.html). This deal is expected to close in the third quarter of 2023, ### Related Items #### [Wheels Up Q2 2026 Results & Fleet Transition](https://www.sherpareport.com/private-aviation-news/wheels-up-q2-2026-fleet-transition.html) #### [Wheels Up Q1 Results and New Financing](https://www.sherpareport.com/private-aviation-news/wheels-up-q1-results-and-financing.html) #### [From Marquis to Wheels Up to Real Jet: Kenny Dichter's Evolution in Private Aviation](https://www.sherpareport.com/private-aviation-news/marquis-wheels-up-real-jet-kenny-dichter.html) #### [Wheels Up Launches Signature Membership](https://www.sherpareport.com/aircraft/wheels-up-signature-membership.html) #### [Wheels Up Sells 3 Non-Core Businesses](https://www.sherpareport.com/private-aviation-news/wheels-up-sells-3-businesses.html) #### [Wheels Up 1st Half Results 2025](https://www.sherpareport.com/private-aviation-news/wheels-up-results-2025.html) #### [Wheels Up Fleet Modernization And $332 Million Financing](https://www.sherpareport.com/aircraft/wheels-up-fleet-modernization.html) #### [Wheels Up Streamlines Product Portfolio](https://www.sherpareport.com/aircraft/wheels-up-streamlines-products.html) #### [Wheels Up Continues Restructuring](https://www.sherpareport.com/aircraft/wheels-up-continues-restructuring.html) #### [New CEO George Mattson at Wheels Up](https://www.sherpareport.com/aircraft/ceo-george-mattson-wheels-up.html) #### [Wheels Up Adds $500m in Funding Led by Delta Air Lines](https://www.sherpareport.com/aircraft/wheels-500m-funding-delta.html) #### [Airshare Signs LOI to Acquire Wheels Up Aircraft Management Business](https://www.sherpareport.com/aircraft/airshare-wheels-up-aircraft-management.html) ### SherpaReport monthly newsletter First Name Email Comments ### Latest News in Private Aviation ![](https://www.sherpareport.com/images/Magell-legacy-250.jpg) #### [ Magellan Adds Flexibility To Its Jet Cards ](https://www.sherpareport.com/aircraft/magellan-flexibility-cards.html) ![](https://www.sherpareport.com/images/stories/planes/Premier-Hawker800-250.jpg) #### [ Premier Private Jets at a Glance: Products, Fleet, and Infrastructure ](https://www.sherpareport.com/aircraft/premier-private-jets-overview.html) ![Mike Silvestro opening Farnborough FBO](https://www.sherpareport.com/images/stories/planes/Flex-Mike_Silvestro-Farn-250.jpg) #### [ Inside Flexjet’s New Farnborough Terminal and Red Label Academy Expansion ](https://www.sherpareport.com/aircraft/inside-flexjets-farnborough-terminal.html) ![](https://www.sherpareport.com/images/stories/planes/flyte-vision-N440MA-250.jpg) #### [ Flyte: A Focused Regional Vision Jet Operator ](https://www.sherpareport.com/aircraft/flyte-vision-jet-operator.html) ![](https://www.sherpareport.com/images/stories/planes/NetJets-P500-250.jpg) #### [ How Old Is the Private Jet You Are Flying On? ](https://www.sherpareport.com/aircraft/how-old-private-jet.html) ![](https://www.sherpareport.com/images/stories/planes/ClayLacy-Charter-250-2.jpg) #### [ Solairus Acquiring Clay Lacy Aircraft Management & Charter Divisions ](https://www.sherpareport.com/aircraft/solairus-acquire-clay-lacy.html) ### Aviation Company Profiles ![Aviation Company Profiles](https://www.sherpareport.com/images/company-profiles/CompanyProfile.png) Details on the leading private aviation companies, including aircraft management companies, fractional operators, charter operators and brokers. - [Find out more](https://www.sherpareport.com/aviation-company-profile/) ### SherpaReport Membership Get the latest, updated data and insights on the leading fractional jet programs, leading private jet card and membership programs, and the top-rated charter operators. 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