Wheels Up rose as much as 10% premarket after receiving a short-term capital infusion from Delta Air Lines. The company is also exploring strategic options and business partnerships.
- Entered into non-binding letter of intent with Airshare to acquire Wheels Up non-core aircraft management business
- Postponed previously scheduled earnings communication and canceled call for today
- NOTE: From 8/8,
Private-Jet Firm Wheels Up Seeks Rescue Funding Amid Cash Drain
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