In its first deal since going public last July, Wheels Up Experience Inc. (NYSE: UP) has reached an agreement to buy a U.K.-based global aviation services group Air Partner PLC (LSE: AIR). The move expands its footprint to Europe with established jet card memberships and on-demand charter programs. It also brings the New York-based provider into new business lines, including Group Charter, Freight, Specialist Services, Safety, Security, Emergency Planning and Incident Response and Managed Services. Air Partner operates in 18 locations and four continents, including the U.S.
Under the terms of the all cash transaction, Wheels Up will acquire the entire issued and to be issued ordinary share capital
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