Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

Wheels Up Reveals Minority Investment In Tropic Ocean Airways

  • Wheels Up Experience Inc (NYSE:UP) has established a strategic partnership and minority investment in Tropic Ocean Airways. Deal terms were not disclosed.
  • Tropic Ocean, founded in 2009, operates a fleet of wheeled and amphibious aircraft and serves more than 70 destinations through private and shared charters.
  • The multi-year commercial agreement provides for integrating Tropic Ocean's charter and certain scheduled by-the-seat services into Wheels Up's marketplace.
  • Wheels Up members and customers will be able to directly book and pay for travel on Tropic Ocean flights through their normal Wheels Up booking channels.
  • The parties will initially focus on the Tropic Ocean's current coverage area, with a plan to expand to additional U.S. and Caribbean markets over time.
  • Price Action: UP shares are trading higher by 1.68% at $3.33 on Wednesday's last check.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.