Business
Wheels Up Receives Additional $40M Investment
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Private aviation company Wheels Up has received an additional $40 million in the form of a term loan from Kore Capital and Whitebox Advisors, the company announced Thursday. The funds are in addition to the $500 million received in August from investors that included Delta Air Lines, Certares and Knighthead. The company on Nov. 9 reported a third-quarter net loss of $144.8 million on revenue of $320 million.
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dairoldi@thebtngroup.com (Donna M. Airoldi)
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