Wheels Up Experience Inc.

Wheels Up is a leading global provider of on-demand private aviation. The company offers a mix of membership programs and charter solutions, utilizing its controlled aircraft fleet and a network of safety-vetted charter operators. Wheels Up has a partnership with Delta Air Lines, Inc. that provides members and customers with a seamless offering across private and premium commercial travel. The company's offerings and services have evolved to meet the varying needs of private flyers across the markets it serves. Wheels Up generates the majority of its revenue from member and customer flights, whether through its membership program or charter solutions. Flight revenue includes revenue from a member's use of funds advanced for future flight services and incidental costs (a "Membership Fund," formerly a "Prepaid Block"), and from on-demand and wholesale charter flights. Membership revenue is generated from fees paid for Wheels Up's membership program, which provides access to its large, diverse controlled aircraft fleet. Other revenue is generated from activities and services that complement the core private aviation business, such as cargo flights, and government and defense solutions. Wheels Up's membership program provides varying benefits and services for individual and business private flyers, offering a simplified entry to private flying with less complexity and lower up-front cost compared to other available private aviation programs.