Wheels Up (WUP, Teterboro) has finalised a previously announced USD332 million revolving financing facility with Bank of America, which allowed it to complete the acquisition of seventeen Embraer Executive Jets Phenoms from GrandView Aviation.

“Our fleet transition starts today with the strategic acquisition of GrandView’s Phenom fleet and the immediate introduction of the Phenom fleet into our programmatic member as well as charter offerings as we head into the peak holiday travel season,” CEO George Mattson said….

Source: ch aviation
Read more: US's Wheels Up finalises 2mn financing