NEW
YORK, June 22, 2023 /PRNewswire/ -- Wheels Up
Experience Inc. (NYSE: UP) today issued the following statement
regarding speculation following public reports that it has retained
new strategic advisors:
"Wheels Up Experience continues to progress with redesigned
programs to better serve its members and customers in support of
our path to profitability. As we execute our vision and the
associated strategic plans, we are working with a number of
advisors and industry participants around securing new strategic
investments, raising capital, and executing previously disclosed
strategic divestitures."
About Wheels Up
Wheels Up is a leading provider of on-demand private aviation in
the U.S. and one of the largest private aviation companies in the
world. Wheels Up offers a complete global aviation solution with a
large, modern and diverse fleet, backed by an uncompromising
commitment to safety and service. Customers can access membership
programs, charter, aircraft management services and whole aircraft
sales — as well as unique commercial travel benefits through a
strategic partnership with Delta Air Lines. The Wheels Up services
brands also offer freight, safety & security solutions and
managed services to individuals, industry, government and civil
organizations.
Wheels Up is guided by the mission to connect flyers to private
aircraft—and one another—and deliver exceptional, personalized
experiences. Powered by a global private aviation marketplace
connecting its base of more than 12,000 members and customers to a
network of more than 1,500 safety-vetted and verified private
aircraft, Wheels Up is widening the aperture of private travel for
millions of consumers globally. With the Wheels Up mobile app,
members and customers have the digital convenience to search, book
and fly.
To learn more about Wheels Up, go to Wheelsup.com.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains certain "forward-looking
statements" within the meaning of the federal securities laws.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside of the control of Wheels Up that
could cause actual results to differ materially from the results
discussed in the forward-looking statements. These forward-looking
statements include, but are not limited to, statements regarding
the expectations, hopes, beliefs, intentions or strategies of
Wheels Up regarding the future. The words "anticipate," "believe,"
continue," "could," "estimate," "expect," "intend," "may," "might,"
"plan," "possible," "potential," "predict," "project," "should,"
"strive," "would" and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that statement is not forward-looking. These forward-looking
statements are subject to a number of risks, uncertainties and
assumptions that could cause actual events and results to differ
materially from those contained in such forward-looking statements.
Factors that could cause actual results to differ materially from
those expressed or implied in forward-looking statements can be
found in Wheels Up's Annual Report on Form 10-K for the year ended
December 31, 2022 filed with the U.S.
Securities and Exchange Commission (the "SEC") on March 31, 2023 and Wheels Up's other filings with
the SEC. Moreover, Wheels Up operates in a very competitive and
rapidly changing environment. New risks and uncertainties arise
from time to time, and it is impossible for us to predict these
events or how they may affect us. You are cautioned not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made, and Wheels Up undertakes no obligation to
update or revise the forward-looking statements, whether as a
result of new information, changes in expectations, future events
or otherwise. Although Wheels Up believes that the expectations
reflected in the forward-looking statements are reasonable, Wheels
Up cannot guarantee future results, levels of activity, performance
or achievements. Except as required by law, Wheels Up does not
intend to update any of these forward-looking statements after the
date of this press release or to conform these statements to actual
results or revised expectations.
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SOURCE Wheels Up
