StageAcq - Pending | Acquired
About Wheels Up
Wheels Up (NYSE: UP) operates as a membership-based private aviation company. It reduces the upfront costs to fly privately while providing safety, service, flexibility, and quality. It enables individual, family, and corporate members to book flights and manage their accounts. It was founded in 2013 and is based in New York, New York.
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Expert Collections containing Wheels Up
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Wheels Up is included in 2 Expert Collections, including Travel Technology (Travel Tech).
Travel Technology (Travel Tech)
The travel tech collection includes companies offering tech-enabled services and products for tourists and travel players (hotels, airlines, airports, cruises, etc.). It excludes financial services and micro-mobility solutions.
Aerospace & Space Tech
Latest Wheels Up News
Jun 4, 2023
Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Wheels Up To Contact Him Directly To Discuss Their Options New York, New York--(Newsfile Corp. - June 4, 2023) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Wheels Up Experience Inc. ("Wheels Up" or the "Company") (NYSE: UP) and reminds investors of the June 19, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you suffered losses exceeding $100,000 investing in Wheels Up stock or options between November 9, 2022 and March 31, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/UP . There is no cost or obligation to you. Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia. As detailed below, the lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Wheels Up failed to address any material weaknesses with internal controls; (2) Wheels Up's financial statements from September 30, 2022 to the present included "certain errors" such as understating net loss and overstating goodwill; (3) as a result, Wheels Up would need to restate its previously filed financial statements for certain periods; and (4) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Wheels Up's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168571 Sign up for Alerts Sign up to receive news releases by email for Faruqi & Faruqi LLP or all companies belonging to the Banking/Financial Services industry.
Wheels Up Frequently Asked Questions (FAQ)
When was Wheels Up founded?
Wheels Up was founded in 2013.
Where is Wheels Up's headquarters?
Wheels Up's headquarters is located at 601 West 26th Street, New York.
What is Wheels Up's latest funding round?
Wheels Up's latest funding round is Acq - Pending.
How much did Wheels Up raise?
Wheels Up raised a total of $556.15M.
Who are the investors of Wheels Up?
Investors of Wheels Up include Aspirational Consumer Lifestyle, Delta Private Jets, Delta Air Lines, T. Rowe Price, Fidelity Investments and 7 more.
Who are Wheels Up's competitors?
Competitors of Wheels Up include Flapper and 1 more.
Compare Wheels Up to Competitors
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Startup Catalyst helps startups grow by connecting them with incubators, accelerators, and competitions. It is based in Fortitude Valley, Queensland.
PrivateFly is an online aggregator for private jet charter. The company accesses aircraft bases globally and plans to roll out its service into new markets, and upgrade its mobile apps and enhanced real-time integration of pricing and availability with aircraft operators.
Aviation Horizons is a jet operator company that provides fully integrated and complete private aviation services. The company provides services including private jet charter services, aircraft management, aircraft sales, aircraft finance, crew training, and more. The company was founded in 2007 and is based in Jeddah, Saudi Arabia.
Ascent Jet is an online brokerage company for private aviation. It enables operators to make charter quotes directly to the login area. It was founded in 2006 and is based in Geneva, Switzerland.
Chantilly Air is an aviation services company that provides aircraft maintenance, charter, management, storage, ground support, and aircraft sales and acquisitions. It offers comprehensive, turnkey aircraft management programs. It was founded in 1990 and is based in Manassas, Virginia.
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