Delta Swoops In, Takes A 95 Percent Interest In Troubled Wheels Up
Delta Air Lines has stepped in to take over almost complete financial control of Wheels Up with $500 million in funding, assuming 95 percent ownership of the charter/fractional ownership company. Wheels Up, which currently ranks as the third-largest private aviation provider after NetJets and Flexjet, has faced financial headwinds. Yesterday (Aug. 14), it reported a […]