On the Record · Wheels Up Experience

Wheels Up Experience acquisitions, on the record

The businesses Wheels Up Experience bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
non-core aircraft management business Word for word“On September 30, 2023, we completed the sale of our non-core aircraft management business to an unrelated third party.” 10-K for 2023	divestiture	On September 30, 2023	—
AirShare Word for word“In September 2023, the Company completed the sale of the equity interests of a Company subsidiary which held a majority of its non-core aircraft management business to Executive AirShare LLC (“AirShare”).” 10-K for 2023	divestiture	In September 2023	—
Air Partner Word for word“On April 1, 2022, we acquired Air Partner and determined that Air Partner represents a new reporting unit for the purposes of assessing potential impairment of goodwill, and therefore the private aviation services operating segment was divided into two reporting units - Air Partner and the legacy Wheels Up reporting unit (“WUP Legacy”).” 10-K for 2023	acquisition	On April 1, 2022	—
aircraft management business Word for word“In the third quarter of 2023, we sold our aircraft management business to an unaffiliated third-party in order to focus on our core flight services business, which removed complexity in our business related to the consolidation of our U.S. Federal Aviation Administration (“FAA”) operating certificates as part of our integration and efficiency efforts.” 10-K for 2024	agreed divestiture	—	—
17 Embraer Phenom 300 series aircraft, related maintenance assets and an existing customer program from GrandView Aviation LLC Word for word“The closing date cash purchase price for the Acquired Phenom Assets was approximately $95.0 million, reflective of the $105.0 million base purchase price less certain closing date adjustments, which was subject to a customary post-closing true-up related to estimated assumed liabilities at closing.” 10-K for 2024	acquisition	—	approximately $95.0 million
Cessna Citation X aircraft fleet (owned) sold to an unrelated third-party buyer Word for word“For example, in the first quarter of 2025, we sold our fleet of owned Cessna Citation X aircraft to an unrelated third-party buyer, entered into leases for a portion of the sold aircraft and amended existing Cessna Citation X leases with the same buyer.” 10-K for 2024	divestiture	in the first quarter of 2025	—
Mountain Aviation, LLC Word for word“In December 2024, we consolidated the FAA operating certificate held by our former subsidiary, Mountain Aviation, LLC (“Mountain Aviation”), with that of WUP LLC through the merger of Mountain Aviation and WUP LLC; and” 10-K for 2024	merger	In December 2024	—
Bombardier Challenger 300 aircraft (one purchased, two leased) Word for word“Subsequent to the year ended December 31, 2024, we purchased one and began leasing two Bombardier Challenger 300 aircraft, which we expect to introduce into our operations starting in April 2025.” 10-K for 2024	agreed acquisition	Subsequent to the year ended December 31, 2024	—
Circadian Aviation LLC Word for word“The Divestiture Closing Date fair value of the aggregate consideration transferred was $ 19.1 million and the Company recognized a loss on the sale of $ 3.0 million.” 10-K for 2025	divestiture	—	$ 19.1 million
Non-Core Services Businesses Word for word“Gain on divestiture primarily consists of the net working capital adjustment received in the third quarter of 2025 associated with the divestiture of Non-Core Services Businesses on August 20, 2025.” 10-K for 2025	divestiture	August 20, 2025	—
fixed-base operator activities Word for word“The decrease in Other revenue was primarily attributable to the absence of $9.7 million of residual Aircraft management revenue during the year ended December 31, 2024 following our sale of the aircraft management business on September 30, 2023, a $5.7 million decrease in group charter revenue primarily due to the absence of one-time projects in the fourth quarter of 2024 that did not repeat in 2025, a $3.6 million decrease in ground services revenue following the sale of our fixed-base operator activities in the first quarter of 2025, a $3.6 million decrease in services revenue following the divestiture of Non-Core Services Businesses in the third quarter of 2025 (see Note 5 , Acquisition and Divestitures in the Notes to Financial Statements in Part II, Item 8 “Financial Statements and Supplementary Data” in this Annual Report) and a $1.2 million decrease in sales of inventory aircraft following our decision to reduce focus on whole aircraft sales after the first quarter of 2024.” 10-K for 2025	divestiture	the first quarter of 2025	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Goodwill from acquisitions
2019-12-31	$28.3 million	—
2020-12-31	−$97.1 million	—
2021-12-31	−$7.8 million	$37.2 million
2022-12-31	$75.1 million	—
2023-12-31	$0	$350,000
2024-12-31	$0	—

Deal filings since 2016

2026-08-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-06-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-04-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-12-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-09-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-08-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-05-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-11-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-10-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-09-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-06-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-06-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2023-11-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-09-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-09-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-09-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-08-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-08-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-06-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-10-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-07-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-07-19 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-05-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-02-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-02-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Wheels Up Experience’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-10. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.