Private aviation company Wheels Up said it has received an additional $40 million in the form of a term loan from Kore Capital and Whitebox Advisors.
The funds are in addition to the $500 million received in August from investors that include Delta Air Lines, Certares and Knighthead.
Wheels Up on Nov. 9 reported a third-quarter net loss of $144.8 million on revenue of $320 million.
Source: Business Travel News