Wheels Up Announces Plans To Become Publicly-Traded Via SPAC Merger

posted on 1st February 2021 by Eddie Saunders
Wheels Up Announces Plans To Become Publicly-Traded Via SPAC Merger

Wheels Up Partners Holdings LLC, the leading brand in private aviation, has entered into a definitive agreement to become publicly-traded via a merger with special purpose acquisition company, Aspirational Consumer Lifestyle Corp., in a transaction that values Wheels Up at an enterprise value of $2.1 billion.

Aspirational was formed and is led by a partnership of experienced consumer investors, including Chairman and Chief Executive Officer Ravi Thakran, private equity veteran and former Group Chairman of LVMH Asia.