Wheels Up (WUP, Teterboro) has announced that lead strategic investor Delta Air Lines has extended lock-up restrictions on all its shares issued under the Investment and Investor Rights Agreement for an additional year, through May 22, 2027. As a result, over 35% of Wheels Up outstanding shares as of May 22, 2026, remain subject to lock-up restrictions. “This lock-up extension, along with Delta's leadership on our recently announced commitment for a USD100 million term loan, reflects their strong confidence in our strategy and the accelerating momentum in our one-of-a-kind strategic partnership,” said George Mattson, chief executive of Wheels Up.