Wheels Up (WUP, Teterboro) has closed a USD100 million term loan backed by Delta Air Lines on May 29, as previously announced in early May 2026. The loan matures on May 29, 2029, and carries an annual interest rate of 12%. Proceeds will be used for working capital and general corporate purposes, including fleet expansion through additional Challenger 300 and Phenom 300 aircraft, growth initiatives, potential repayment of existing debt, and transaction-related expenses.