Wells to lead Wheels Up's enterprise planning,
fleet and corporate strategy, corporate development and commercial
partnerships, leveraging her years of industry experience
ATLANTA, Oct. 8, 2024
/PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today
announced Meaghan Wells as its new
EVP of Enterprise Planning and Strategy, to lead the development of
the company's long-term growth strategy and further cement Wheels
Up's position as a leader in global aviation solutions.
Wells has a dynamic background and experience, specializing in
driving growth and securing capital for rapidly scaling
organizations. Her experience in strategic planning, corporate
development, capital raising, investor relations and commercial
partnerships has assisted in transforming businesses into leaders
within their industries.
This was most notably seen in the private aviation sector during
her career at Vista Global where, as Chief Investment Officer, she
led the financing strategy, corporate finance, FP&A and
investor relations functions during a phase of rapid profitable
growth that also included multiple acquisitions.
"I'm delighted to add such a talented and experienced private
aviation professional to our leadership team," said Wheels Up CEO
George Mattson. "Meaghan's deep
understanding of the industry, the competitive landscape and her
experience in building a long-term plan that drives profitable
growth will further our strategic mission to build a strong and
resilient business model. As we continue to build the best team in
the industry, we look forward to Meaghan joining the company and
having an immediate impact on our success."
"Over the past year, Wheels Up has continued to lay the
groundwork for the next phase in its journey by fortifying the
business through continuous operational improvement and delivering
simplified, accessible and flexible solutions across private and
commercial aviation, including through its one-of-a-kind strategic
partnership with Delta Air Lines," said Wells. "I'm thrilled to
join Wheels Up, and look forward to working with leadership and the
entire team to drive strategy and identify new opportunities as the
company continues to focus on profitable growth while delivering
operational excellence."
Wells is expected to officially begin her role at Wheels Up on
November 4, 2024.
About Wheels Up
Wheels Up is a leading provider of
on-demand private aviation in the U.S. and one of the largest
companies in the industry. Wheels Up offers a complete global
aviation solution with a large and diverse fleet and a global
network of safety vetted charter operators, all backed by an
uncompromising commitment to safety and service. Customers can
access charter and membership programs, as well as unique
commercial travel benefits through a one-of-a-kind, strategic
partnership with Delta Air Lines. Wheels Up also offers freight,
safety and security solutions and managed services to individuals,
industry, government and civil organizations.
Wheels Up is guided by the mission to deliver a premium solution
for every customer journey. With the Wheels Up mobile app and
website, members and customers have the digital convenience to
search, book and fly.
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 Experience Inc.
("Wheels Up", or "we", "us", or "our"), 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: (i)
the expected impact and timing of any new personnel or expected
personnel transitions; and (ii) Wheels Up's ability to achieve
positive Adjusted EBITDA (as defined in Wheels Up's Annual Report
on Form 10-K for the year ended December 31,
2023 ("Annual Report") filed with the U.S. Securities and
Exchange Commission (the "SEC") on March 7, 2024)
pursuant to the schedule that its has announced or otherwise
achieve our profitability goals. In addition, any statements that
refer to projections, forecasts, or other characterizations of
future events or circumstances, including any underlying
assumptions, are forward-looking statements. 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. We have identified certain known material risk
factors applicable to Wheels Up in our Annual Report filed with the
SEC and our other filings with the SEC. Moreover, it is not always
possible for us to predict how new risks and uncertainties that
arise from time to time may affect us. You are cautioned not to
place undue reliance upon any forward-looking statements, which
speak only as of the date made. Except as required by law, we do
not intend to update any of these forward-looking statements after
the date of this press release.
Media
Contact
press@wheelsup.com
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