Sankaty Jet Capital provides Wheels Up $68 million secured mezzanine facility

Wheels Up Experience

Wheels Up Experience

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  • Wheels Up closed a USD 68 million committed secured mezzanine facility from Sankaty Jet Capital, a unit of AIP Capital.
  • Proceeds earmarked for purchases of additional Phenom 300 and Challenger 300 Series aircraft under fleet modernization plans.
  • Facility initially secured by 51 existing aircraft with total appraised value of about USD 277.8 million.
  • Financing structure expected to accommodate additional aircraft acquisitions over next 18 months.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wheels Up Experience Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605131317PR_NEWS_USPR_____NY58743) on May 13, 2026, and is solely responsible for the information contained therein.

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