STOCK TITAN
  1. Home
  2. Sec-filings
  3. UP
  4. [8-K] Wheels Up Experience Inc. Reports Material Event

Wheels Up (NYSE: UP) retires legacy jets, standardizes on Phenom and Challenger

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Wheels Up Experience Inc. has completed a major step in its fleet modernization plan by retiring its legacy jet fleets from revenue service and moving to an all-Phenom 300 and Challenger 300 series on-fleet jet operation. The company reached this milestone about 18 months ahead of its original schedule.

The shift supports its programmatic membership offerings and is intended to provide a more consistent, premium and operationally efficient experience. Wheels Up will still honor all existing member commitments tied to retired Citation X and Hawker 400XP aircraft through a safety-vetted network of third-party operators, while maintaining broader charter solutions and benefits from its strategic relationship with Delta Air Lines.

Positive

  • None.

Negative

  • None.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Fleet transition timing 18 months ahead of schedule Legacy jet fleets transitioned out of revenue service
Strategy announcement date October 2023 Fleet modernization strategy was first announced
10-K fiscal year end December 31, 2025 Year covered by most recent Annual Report on Form 10-K
10-K filing date March 10, 2026 Date the Form 10-K was filed with the SEC
Press release date April 29, 2026 Date of fleet modernization milestone announcement
fleet modernization strategy financial
"Achieving this milestone over a year ahead of schedule reflects the focus and discipline behind our fleet modernization strategy"
programmatic membership offerings financial
"to exclusively Phenom 300 and Challenger 300 series aircraft in support of its programmatic membership offerings"
forward-looking statements regulatory
"This press release contains certain “forward-looking statements” within the meaning of the federal securities laws"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
safety-vetted network of third-party partner operators financial
"through its safety-vetted network of third-party partner operators"
strategic relationship with Delta Air Lines financial
"and benefits from its strategic relationship with Delta Air Lines"
Understanding 8-K Material Events →
0001819516FALSE00018195162026-04-292026-04-29

 
 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
 CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
 Date of Report (Date of earliest event reported): April 29, 2026
 
WHEELS UP EXPERIENCE INC.
(Exact name of registrant as specified in its charter)
 
Delaware001-3954198-1617611
(State or other jurisdiction(Commission(I.R.S. Employer
of incorporation)File Number)Identification No.)
2135 American Way
 
Chamblee, Georgia
30341
(Address of principal executive offices)(Zip Code)
(212) 257-5252
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class 
Trading
Symbol(s)
 
Name of each exchange
on which registered
Class A common stock, $0.0001 par value per share UP New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 7.01    Regulation FD Disclosure.
On April 29, 2026, Wheels Up Experience Inc. (the “Company”) issued a press release regarding the retirement of legacy jet aircraft fleets in furtherance of its fleet modernization strategy. A copy of such press release is furnished as Exhibit 99.1 hereto and incorporated by reference in this Item 7.01 of this Current Report on Form 8-K (this “Current Report”).
The information in Item 7.01 of this Current Report and Exhibit 99.1 is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
Cautionary Note Regarding Forward-Looking Statements
This Current Report and Exhibit 99.1 furnished herewith contain certain “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of the control of the Company. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of the Company regarding the future, including, without limitation: (i) the Company’s ongoing business transformation, including the execution of its fleet modernization and operational efficiency and productivity initiatives, and its ability to realize the expected commercial, financial and operational benefits during and after the expected period of transition; and (ii) the Company’s growth plans and the scalability of its aviation platform, including its ability to realize scale efficiencies and align to customer demand. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “future,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that statement is not forward-looking. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission ("SEC") on March 10, 2026 and the Company's other filings with the SEC from time to time. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company does not intend to update any of these forward-looking statements after the date of this Current Report.
Item 9.01    Financial Statements and Exhibits.
 (d)    Exhibits.
Exhibit NumberDescription
99.1
Press Release, dated April 29, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)




SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
WHEELS UP EXPERIENCE INC.
    
    
Date: April 29, 2026
By:/s/ George Mattson
  Name:George Mattson
  Title:Chief Executive Officer




Exhibit 99.1
Wheels Up Completes Major Fleet Modernization Milestone
18 Months Ahead of Schedule
Company retires legacy jet fleets out of revenue service as it completes transition to exclusively
Phenom 300 and Challenger 300 Series operations
ATLANTA, April 29, 2026 /PRNewswire/ – Wheels Up Experience Inc. (NYSE: UP), a leading provider of on-demand private aviation, today announced that it has transitioned its legacy jet fleets out of revenue service approximately 18 months ahead of schedule.
As part of its strategy first announced in October 2023, Wheels Up has transitioned its on-fleet jet operations to exclusively Phenom 300 and Challenger 300 series aircraft in support of its programmatic membership offerings.
"Achieving this milestone over a year ahead of schedule reflects the focus and discipline behind our fleet modernization strategy,” said George Mattson, Chief Executive Officer of Wheels Up. "Retiring our legacy jet fleets from revenue service repositions our offering to a more consistent, premium and operationally efficient experience for our members and customers. We are encouraged by the higher customer satisfaction ratings we are receiving on our Phenom and Challenger offering and remain focused on building a stronger, simpler and more scalable aviation platform."
The fleet modernization effort is part of an ongoing transformation of Wheels Up designed to improve all aspects of the customer experience and simplify the Company's product and fleet architecture. By simplifying its fleet operations with two best-in-class jet platforms in the Phenom and Challenger aircraft types, Wheels Up is better positioned to drive scale efficiencies that align fleet availability, efficiency, operating performance and customer demand.
Wheels Up will continue to fulfill all existing member commitments, including those associated with legacy Citation X and Hawker 400XP jet aircraft that have been retired, through its safety-vetted network of third-party partner operators. In addition, members and customers will continue to have access to a broad range of charter solutions through the Company's controlled fleet and partner network, and benefits from its strategic relationship with Delta Air Lines, reinforcing Wheels Up’s ability to deliver a comprehensive solution for every journey.
About Wheels Up
Wheels Up is a leading global provider of on-demand private aviation with a large, diverse fleet and a network of safety-vetted charter operators, all committed to safety and service. Customers access charter and membership programs and premium commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up also provides cargo services to a range of clients, including individuals and government organizations, via Air Partner Cargo. With the Wheels Up app and website, members can easily search, book, and fly. For more information, visit www.wheelsup.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of the control of Wheels Up Experience Inc. (“Wheels Up,” “we,” “our,” and “the Company”). These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of Wheels Up regarding the future, including, without limitation: (i) Wheels Up’s ongoing business transformation, including the execution of its fleet modernization and operational efficiency and productivity initiatives, and its ability to realize the expected commercial, financial and operational benefits




during and after the expected period of transition; and (ii) Wheels Up’s growth plans and the scalability of its aviation platform, including its ability to realize scale efficiencies and align to customer demand. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “future,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that statement is not forward-looking. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in Wheels Up's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (“SEC”) on March 10, 2026 and the Company's other filings with the SEC from time to time. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Wheels Up does not intend to update any of these forward-looking statements after the date of this press release.
Contacts
Investors:
ir@wheelsup.com
Media:
press@wheelsup.com
2


Source: View Original Filing on SEC EDGAR

FAQ

What did Wheels Up (UP) announce in this 8-K filing?

Wheels Up announced completion of a major fleet modernization milestone. The company has retired its legacy jet fleets from revenue service and now operates exclusively Phenom 300 and Challenger 300 series jets on-fleet, supporting its membership-focused private aviation platform.

How far ahead of schedule did Wheels Up (UP) complete its fleet transition?

Wheels Up completed the fleet transition about 18 months ahead of schedule. The company highlighted that this early completion reflects strong execution of its fleet modernization strategy and supports its goal of delivering a more consistent, premium and operationally efficient experience for members.

Which aircraft types now make up Wheels Up’s on-fleet jet operations?

Wheels Up’s on-fleet jet operations now consist of Phenom 300 and Challenger 300 series aircraft. The company shifted away from legacy fleets to these two “best-in-class” jet platforms to simplify operations and better align aircraft availability, efficiency and performance with customer demand.

How will Wheels Up honor existing commitments tied to retired aircraft?

Wheels Up will fulfill existing member commitments using third-party partner operators. Even though Citation X and Hawker 400XP jets are retired from its own fleet, the company plans to meet related obligations through a safety-vetted network of partner operators within its broader charter solutions platform.

What broader strategy does this fleet change support for Wheels Up (UP)?

The fleet change supports Wheels Up’s ongoing business and platform transformation. Management frames the move as part of efforts to improve customer experience, simplify product and fleet architecture, and drive scale efficiencies that better align operational performance and aircraft availability with customer demand.

Does Wheels Up maintain a relationship with Delta Air Lines after this change?

Yes, Wheels Up continues to benefit from its strategic relationship with Delta Air Lines. The company notes that members and customers retain access to a broad range of charter solutions and premium commercial travel benefits supported by this partnership, offering a comprehensive travel solution for different journey types.

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents