Wheels Up receives cash injection

US private flight provider Wheels Up has endured a ‘challenging’ few months, which has included difficult trading figures, a huge fall in its share price and the loss of its charismatic founder and CEO Kenny Dichter. As this issue of Airborne was in production, the company announced a ‘short-term cash infusion’ from major US carrier Delta Air Lines, which holds 20% of the company. Wheels Up cancelled its Q2 investor call and announced that it is looking at various ‘strategic options’, including the sale of its non-core aircraft management business to fractional ownership firm Airshare.

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