Wheels Up shares rise on pursuing strategic options

Wheels Up Experience

09/08/2023 12:55

** Shares of U.S.-based aviation company Wheels Up
Experience  UP.N  up about 10% at $2.64 in premarket trade
    ** Says is involved in discussions around strategic business
partnerships for company
    ** Adds, Delta Air Lines  DAL.N  has provided short-term
capital infusion to co
    ** Entered into a non-binding letter of intent with Airshare
to acquire co's non-core aircraft management business
    ** As of last close, UP shares down 76.7% YTD

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))