Wheels Up and its New Deal

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to CNBC, private jet company Wheels Up is merging with a special purpose acquisition company to go public at more than $2 billion, which is more than twice its 2019 value.

Questions

  1. Which company has an equity stake in Wheels Up?
  2. How many people flew with Wheels Up last year?
  3. Where has Wheels Up seen its greatest success in exclusive marketing?

Source:

Frank, R. (2021). Private jet company Wheels Up to go public in a $2 billion SPAC deal that could help it unlock new markets. CNBC.com (Retrievable online at https://www.cnbc.com/2021/02/01/private-jet-company-wheels-up-to-go-public-in-a-2-billion-spac-deal-.html)