The New York Stock Exchange on Dec. 17 notified Wheels Up (WUP, Teterboro) that it is non‑compliant with the $1 minimum average share price rule after a prolonged slump. The on‑demand business aviation operator said it closed a jet sale‑and‑leaseback transaction to shore up liquidity.
Discovered |
Briefing
The NYSE notified Wheels Up on Dec. 17 that it is out of compliance with the $1 minimum average share price requirement, initiating a formal remediation process and putting the company’s public listing at risk.
Wheels Up has closed a jet sale‑and‑leaseback to raise cash, a near‑term liquidity step that interacts directly with its ongoing fleet strategy; the carrier recently shifted to a younger, smaller fleet profile, with an active roster of 19 Embraer Phenom light jets and five Challenger 300s (see the company’s recent fleet renewal and composition update).
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• CH-Aviation Staff