Wheels Up hopes to list on July 13th
Aspirational Consumer Lifestyle Corp. the special purpose acquisition company (SPAC) buying Wheels Up, has set July 12th, 2021 as the meeting date for the extraordinary general meeting of its shareholders to approve the deal. It hopes to close the merger on July 13th, 2021 with the company listing under the ticker ‘UP’.
“We are pleased to be entering the final stages of the process to launch Wheels Up as a publicly traded company,” said Ravi Thakran, chairman and CEO of Aspirational. “Wheels Up continues to build on its growth trajectory, experiencing unprecedented demand from customers worldwide as evidenced by the company’s strong first quarter results. We look forward to continuing to work with the team at Wheels Up to build on this momentum as the leader in on-demand private aviation.”
Kenny Dichter, founder and CEO of Wheels Up said: “Since our founding, we remain true to our goal: to simplify private travel and make it more accessible to more people. Following our record breaking first quarter, we continue to see unprecedented demand within the Wheels Up marketplace, from both existing members and an influx of new customers. We are excited to be moving forward with this vote and look forward to continuing on our path of innovation as a public company, expanding the addressable market for private aviation, and connecting more customers with aircraft than ever before.”