Wheels Up’s lead investors extend lock-up to September 2025

Delta Air Lines, CK Wheels and Cox Investment have agreed to restrict any sale of the shares by another year to September 20, 2025.

Two other investors Kore Capital and funds managed by Whitebox Advisors extended their lock-up restriction for some 72.5% of their shares for the same deadline.

Must read: What’s Up at Wheels Up – inside the restructuring 

This means that about 97.2% of the shares issued under last year’s Investor Rights Agreement cannot be sold until next year.

“I appreciate the confidence and support of the company’s lead investors,” said George Mattson, CEO, Wheels Up. “We believe that this extended commitment by our investors allows us to continue to execute on our strategic plan.”

Also read: Delta still up on Wheels Up – why it has been a great investment so far