https://www.ainonline.com/aviation-n...ource=hs_email

-A consortium led by Delta is taking over 95% of Wheels Up.
-Prior to this Delta was WU's biggest share holder with a 20% stake.
-2nd quarter WU lost $161M on revenue of $335M
-Prior to this event WU was in danger of violating covenants of it's loan against it's owned aircraft, specifically the cash on hand requirement.