Company: UP
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001819516-25-000012
Chunk: 95

Company: Wheels Up Experience Inc.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 2
Chunk 95
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 high levels of member and customer service. We believe that our current fleet modernization strategy, latest member program changes and the growth of our charter offerings position us well to strategically utilize our controlled aircraft fleet alongside an “asset-light” charter model to deliver a greater range of global travel alternatives.

Wheels Up Controlled Aircraft

As of December 31, 2024, our owned and leased aircraft fleet was as follows:

CategoryOwnedLeasedTotalPremium Jets(1)17118Large Jets(2)—22Super-Midsize Jets(3)131932Midsize Jets(4)12517Light Jets(5)261541Total Jets6842110Turboprops(6)44—44Total Aircraft11242154__________________

(1)Consists of Embraer Phenom 300 series premium midsize jet aircraft.

(2)Consists of Gulfstream G-IVSP aircraft.

(3)Primarily consists of Cessna Citation X aircraft.

(4)Primarily consists of Cessna Citation Excel/XLS aircraft.

(5)Primarily consists of Cessna CJ3 and Hawker 400XP aircraft.

(6)Primarily consists of Textron and Beechcraft King Air 350i turboprop aircraft.

As part of our fleet modernization strategy, we are introducing a new standardized brand livery and interior design across new aircraft types entering the Wheels Up fleet, including Embraer Phenom 300 series and Bombardier Challenger 300 series aircraft. The updated exterior livery reflects a modern and sophisticated aesthetic, with the iconic UP logo prominently displayed on the tail, winglets and belly. Inside, redesigned cabin interiors will feature premium materials and finishes intended to enhance comfort and style and provide a refined in-flight 

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experience. Additionally, we anticipate that both aircraft types will be equipped with Gogo Business Aviation Galileo HDX satellite-based Wi-Fi, providing high-speed connectivity for an improved passenger experience. We believe that these enhancements align with our commitment to delivering a best-in-class private aviation experience, strengthening brand recognition and enhancing member and customer satisfaction.

Third-Party Network Aircraft

We utilize our global network of third-party operators to fulfill flight demand for both Wheels Up Membership and Wheels Up Charter to provide an enhanced customer experience at an attractive price point. We have access to thousands of aircraft in all private aircraft cabin classes through our global network of third-party operators, which allows us to source a range of aircraft and provide our members and customers with the right aircraft for their specific mission. We