Business Aviation
Gogo Plane Simple Ka-band Terminal Earns EASA Certification for Falcon Jets
Gogo secures EASA certification for its Plane Simple Ka-band terminal on Dassault Falcon 7X and 8X, expanding high-speed connectivity in Europe.
Gogo’s Plane Simple Ka-band Terminal Achieves EASA Certification for Dassault Falcon Aircraft: A Strategic Advancement in Business Aviation Connectivity
Gogo Inc. has reached a significant milestone in the business aviation connectivity market with the European Union Aviation Safety Agency (EASA) granting supplemental type certification (STC) approvals for its Plane Simple Ka-band terminal on Dassault Falcon 7X and 8X aircraft. This certification is not merely a regulatory formality; it represents a strategic expansion into the European market for high-end business jet connectivity solutions leveraging Viasat’s next-generation Ka-band GX network. The system, which requires only two line-replaceable units for installation and has been deployed on a privately owned Falcon 7X, positions Gogo to capitalize on the growing demand for reliable, high-speed connectivity among business aviation operators who require seamless digital experiences during international flights.
With the global in-flight internet market valued at $1.79 billion in 2024 and projected to reach $2.99 billion by 2033, and Ka-band satellite equipment representing a $4.37 billion market growing at over 10% annually, this certification arrives at a pivotal moment for the industry’s technological evolution. The achievement not only validates Gogo’s technological capabilities but also strengthens its competitive position against industry leaders like Viasat and Panasonic Avionics in the premium business aviation segment, where connectivity is a key differentiator for aircraft operators and their discerning passengers.
Background and Context of Business Aviation Connectivity
The business aviation connectivity landscape has undergone a dramatic transformation over the past decade, driven by changes in passenger expectations and technological advancements. Business jet operators and their passengers, used to seamless digital experiences on the ground, increasingly demand comparable connectivity at altitude, turning what was once a luxury amenity into an operational necessity. This shift mirrors broader trends toward digital integration and remote work, especially as global events have underscored the importance of reliable communication for business continuity.
The evolution of in-flight connectivity has progressed from basic air-to-ground systems with limited coverage and speeds, to satellite-based systems offering global coverage and improved performance, albeit initially with high latency and inconsistent quality. The latest generation, exemplified by Ka-band satellite systems, merges advanced satellite technology, sophisticated antenna design, and optimized network management to deliver “ground-like” internet experiences.
Business aviation’s unique operational requirements create distinct connectivity challenges. Business jets operate on variable routes, often to destinations with limited ground infrastructure, demanding solutions that maintain performance across diverse regions and flight profiles. The typical business jet passenger expects high service quality and is willing to pay premium prices, fostering a market ripe for advanced connectivity investments. Additionally, the operational flexibility of business aviation means systems must adapt to varying aircraft sizes, mission profiles, and usage patterns.
Regulatory frameworks, such as EASA STC approval, ensure connectivity systems meet stringent safety and electromagnetic compatibility standards. These frameworks grow in importance as connectivity becomes more integrated with aircraft operations, supporting not only passenger services but also flight operations, maintenance, and crew communications.
“Business aviation is no longer about just getting from point A to B; it’s about staying connected, productive, and entertained throughout the journey.”
The Gogo Plane Simple Ka-band System and EASA Certification Achievement
Gogo’s Plane Simple Ka-band terminal is engineered to meet the performance and operational needs of mid to large-size aircraft on global routes. The system leverages Viasat’s JetConneX global broadband network, using Ka-band satellites with dual polarization to optimize data transmission and provide near-complete global coverage, except for polar regions. The collaboration between Gogo and Viasat combines expertise in aviation connectivity with advanced satellite infrastructure to deliver broadband-quality internet at cruising altitudes.
The recent EASA certification for the Dassault Falcon 7X and 8X is a pivotal expansion of the system’s market reach. The process, conducted in partnership with Dassault Falcon Jet at Le Bourget, France, involved rigorous testing and validation. The STC approval opens immediate access to the European market, where demand for high-speed, reliable connectivity is growing among business aviation operators. The certification is broad, covering government, executive, and private aircraft, and thus increases the potential customer base.
A key technical advantage is the system’s simplified installation: only two line-replaceable units are needed, the tail-mount antenna and the SDR Gateway router. This reduces installation complexity, minimizes aircraft downtime, and simplifies maintenance. The tail-mount antenna design is optimized for satellite communication while maintaining aerodynamic performance, crucial for business jets where fuel efficiency matters.
Integration with Viasat’s Ka-band GX network allows multiple passengers to use bandwidth-intensive applications such as streaming, video conferencing, and cloud-based business tools simultaneously. The network prioritizes business aviation traffic, ensuring consistent performance even during peak use. Michael Skou Christensen, Gogo’s Chief Commercial Officer, highlighted that this certification means “passengers regularly flying lengthy international routes will have access to reliable, consistent high-speed connectivity to support productivity, entertainment, and relaxation through all phases of the flight.”
“The Plane Simple Ka-band terminal is designed for ease of installation and future upgradeability, making it an attractive solution for operators seeking both performance and flexibility.”
Technical Specifications and Market Positioning
The Plane Simple Ka-band system operates at higher frequencies than traditional Ku-band systems, allowing for greater data throughput and efficient spectrum use. Its dual polarization enables enhanced data rates while maintaining compatibility with current satellite infrastructure, giving operators flexibility in service and cost management.
Viasat’s JetXP program has optimized the service model, introducing uncapped speeds and expanded capacity with increased network prioritization for select plans. This supports advanced applications, including bulk file transfers and real-time entertainment, addressing limitations that previously hindered in-flight connectivity adoption. The system supports simultaneous multi-device usage, reflecting the reality that business jet passengers often travel with several connected devices.
Global coverage is a critical competitive advantage, especially for business jets operating international routes. The network provides coverage over geopolitically sanctioned countries, maintaining connectivity across diverse routes. Recent enhancements have increased capacity fivefold across the Eastern United States for compatible terminals, enabling support for high-definition video conferencing and generative AI applications.
Compared to traditional air-to-ground systems, which are limited to domestic coverage, and more complex satellite solutions, the Plane Simple system offers simplicity without sacrificing performance, addressing the market’s demand for solutions that minimize operational complexity.
Dassault Falcon 7X and 8X Aircraft Overview and Target Market
The Dassault Falcon 7X and 8X are flagship business jets known for their range, performance, and advanced avionics. The Falcon 7X, introduced in 2007, set new standards with its 5,950-nautical-mile range and fly-by-wire controls. The Falcon 8X, delivered since 2016, extends this to 6,450 nautical miles and offers improved fuel efficiency and cabin space.
These aircraft are favored by multinational corporations, government agencies, and high-net-worth individuals who require reliable global connectivity. Their advanced avionics and spacious cabins make them ideal platforms for sophisticated connectivity installations. The market for these jets is robust, with Dassault delivering 31 Falcon business jets in 2024 and maintaining a strong backlog.
The operational profiles of Falcon 7X and 8X aircraft, long-range international flights connecting major business centers, align with the Plane Simple Ka-band system’s capabilities. The EASA certification enables Gogo to address European-based operators, significantly expanding its market.
Market Dynamics and Financial Performance Analysis
The business aviation connectivity market is experiencing robust growth. The global in-flight internet market, valued at $1.79 billion in 2024, is projected to reach $2.99 billion by 2033, driven by increased adoption of premium connectivity services. Gogo’s financials reflect this trend: total revenue reached $444.7 million in 2024, up 12% year-over-year, with service revenue growing 15%.
Gogo’s market capitalization ranges from $1.14 billion to $1.62 billion, positioning it as a key player in aviation technology. The Ka-band satellite equipment market, valued at $4.37 billion in 2023 and growing at over 10% annually, underpins the infrastructure for advanced connectivity. North America leads this market, but EASA certification opens new opportunities in Europe and beyond.
The business aviation segment is particularly attractive due to higher willingness to pay for premium services, supporting better margins than commercial aviation. This, combined with increasing global wealth and demand for flexible transportation, provides sustainable long-term opportunities for Gogo and its peers.
Industry Competition and Strategic Partnerships
The market is highly competitive, featuring players like Viasat, Panasonic Avionics, Honeywell, Collins Aerospace, and Thales. Viasat, with its JetConneX service, is both a competitor and a partner for Gogo. Panasonic leverages its commercial aviation experience to provide integrated solutions, while Honeywell’s JetWave terminals are widely used in business jets.
Strategic partnerships are essential. Gogo’s collaboration with Viasat for satellite access and with Dassault Falcon Jet for certification highlights the need for coordinated efforts across technology domains. The recent acquisition of Satcom Direct by Gogo demonstrates ongoing consolidation and the drive for comprehensive service offerings.
The competitive landscape is shaped by continuous innovation, infrastructure improvements, and regulatory changes. Providers must balance technical advancement with cost competitiveness and ease of installation to maintain market share.
Regulatory Environment and Global Market Expansion
The regulatory landscape is complex, involving international, national, and regional authorities. EASA’s STC process requires extensive documentation, safety analysis, and compatibility verification. The certification of the Plane Simple Ka-band system involved close collaboration with Dassault and sets a precedent for approvals from the FAA, TCCA, and ANAC.
Regulatory frameworks also encompass spectrum management and international coordination, impacting service capabilities and operational costs. Favorable spectrum allocations provide competitive advantages, while restrictive policies can limit service.
As connectivity becomes more integral to aircraft operations, future regulations may focus on cybersecurity, data privacy, and integration with air traffic management. Providers that anticipate and adapt to these changes will be better positioned for long-term success.
Technological Innovation and Future Capabilities
The pace of technological innovation in business aviation connectivity is rapid. Gogo is developing its Galileo LEO satellite system, promising high-speed, low-latency connectivity with enhanced global coverage. The integration of 5G technology for North American operations offers even higher data rates and lower latency.
Artificial intelligence and machine learning are increasingly used to optimize network performance, predict maintenance needs, and enhance user experience. Hybrid solutions that combine multiple technologies within a single aircraft installation are becoming the norm, providing redundancy and flexibility.
Cybersecurity is a growing concern, with advanced encryption, secure network design, and real-time threat monitoring now standard features. As connectivity systems handle more sensitive business communications, robust security is essential for adoption among high-profile operators.
Market Outlook and Industry Trends
The outlook for business aviation connectivity is positive, with the segment expected to outpace commercial aviation in growth. High-speed connectivity is projected to account for nearly half of in-flight internet market revenue by 2025, driven by passenger expectations for comprehensive digital experiences.
Satellite-based solutions will maintain market leadership, with high-throughput satellites and LEO constellations improving service and reducing costs. North America will remain dominant, but international expansion, enabled by certifications like EASA’s, presents major growth opportunities.
Industry consolidation will continue as companies seek scale and comprehensive capabilities. Emerging applications, such as real-time aircraft health monitoring and integrated crew communications, will drive additional growth beyond passenger internet services.
Conclusion
Gogo’s EASA certification for the Plane Simple Ka-band terminal on Dassault Falcon 7X and 8X aircraft is a strategically significant milestone, opening access to European markets and establishing a foundation for further international expansion. The system’s technical capabilities, combining simplified installation with advanced performance, address the evolving needs of business aviation operators.
As the global in-flight internet and satellite equipment markets grow, Gogo’s strong financial performance and innovative partnerships position it for continued leadership. The convergence of technological advancement, market demand, and regulatory approval creates favorable conditions for growth, with superior performance and comprehensive solutions defining future market winners.
FAQ
What is the significance of EASA certification for Gogo’s Plane Simple Ka-band terminal?
EASA certification allows Gogo to market and install its Plane Simple Ka-band terminal on Dassault Falcon 7X and 8X aircraft in Europe, expanding its reach to a major business aviation market and validating its technology for international operators.
How does the Plane Simple Ka-band system differ from previous connectivity solutions?
It offers higher data throughput, simplified installation with only two line-replaceable units, and global coverage through Viasat’s Ka-band network, supporting multiple devices and bandwidth-intensive applications simultaneously.
Which aircraft are initially covered by the new certification?
The EASA STC covers Dassault Falcon 7X and 8X aircraft, both widely used in business aviation for their range and performance.
What are the main competitors to Gogo’s Plane Simple Ka-band system?
Main competitors include Viasat (JetConneX), Panasonic Avionics, Honeywell (JetWave), Collins Aerospace, and Thales, each offering various satellite-based and hybrid connectivity solutions.
What future technologies are being developed for business aviation connectivity?
Innovations include low Earth orbit (LEO) satellite systems, 5G integration, artificial intelligence for network management, and enhanced cybersecurity measures.
Sources: Gogo Business Aviation
Photo Credit: Gogo
Business Aviation
DAS Aviation Introduces Engine Inlet Fix for Embraer Phenom 300
DAS Aviation and AQRD Engineering develop FAA-approved modification to resolve Embraer Phenom 300 engine inlet fastener issues with minimal downtime.
DAS Aviation, in partnership with AQRD Engineering, has announced a comprehensive new engineering solution designed to resolve recurring engine inlet fastener issues on the Embraer Phenom 300. According to the company’s press release, the modification targets a known vulnerability in the aircraft’s structural components, offering operators a long-term fix rather than a temporary patch.
The Embraer Phenom 300 is widely recognized as one of the most heavily utilized light business jets in the global fleet. Because these aircraft frequently operate in high-cycle environments, such as charter operations and fractional ownership programs, their structural components, particularly engine inlets, endure substantial aerodynamic stress and vibration over their service life.
To address the wear and tear on these specific components, DAS Aviation, a specialized aviation maintenance and repair organization (MRO) and subsidiary of West Star Aviation Holdings, LLC, collaborated with aviation engineering firm AQRD Engineering. Together, they have developed an FAA-approved repair process that goes beyond standard Original Equipment Manufacturer (OEM) manual replacements.
Understanding the Inlet Fastener Issue
Symptoms and Root Causes
During routine maintenance inspections, technicians and operators have increasingly identified degradation in the Phenom 300’s inlet fasteners. The primary symptom, as detailed in the DAS Aviation release, involves blind rivets on the inner barrel of the engine inlet working loose or going missing entirely.
Disassembly and engineering analysis revealed that simply replacing the missing or loose rivets fails to address the underlying problem. The root cause is often hidden damage or wear to the underlying mounting and support flanges. If this underlying degradation is ignored, the fastener failures will recur, potentially leading to more costly maintenance events and safety concerns down the line.
According to the official announcement, the joint engineering effort was developed to provide a permanent fix rather than a band-aid solution, ensuring that hidden failures contributing to loose rivets are fully identified and reworked.
The DAS Aviation and AQRD Engineering Solution
Comprehensive Teardown and Rework
To provide a durable solution, the new modification requires a complete teardown of the affected engine inlet. According to the press release, this allows technicians to perform a 100 percent inspection of the mounting flanges and surrounding structures. Once the hidden damage is addressed, the modification involves the installation of approximately 700 new rivets on the inner barrel, utilizing an engineered fastener solution specifically designed for long-term durability.
DAS Aviation notes that this modification can be applied either reactively, when the issue is discovered during a routine inspection, or proactively by operators wishing to prevent future downtime.
Minimizing Aircraft Downtime
A critical concern for high-cycle operators is Aircraft on Ground (AOG) time. The press release states that the entire inspection, rework, and modification process is structured as a 7-to-10-day event. Because this timeframe closely aligns with the standard downtime required for the aircraft’s routine inspections, operators can seamlessly incorporate the upgrade into their existing maintenance schedules.
To further mitigate operational disruptions, DAS Aviation offers loaner inlets and spare parts, allowing the aircraft to remain in service while its original inlet undergoes the modification process. The company specifies that this upgrade applies to Embraer Phenom 300 inlet part number 505-43420-403, as well as all superseded part numbers.
Industry Impact
AirPro News analysis
We observe that this development highlights a growing trend within the business aviation sector. As popular, workhorse fleets like the Phenom 300 age and accumulate high flight cycles, standard factory maintenance procedures sometimes fall short of addressing long-term structural fatigue. Consequently, third-party MROs and specialized engineering firms are increasingly stepping in to fill the gap.
By developing proprietary, FAA-approved modifications, companies like DAS Aviation and AQRD Engineering are providing operators with alternatives to repetitive, reactive maintenance. For fleet operators, investing in a comprehensive teardown and engineered fix, rather than repeatedly replacing individual rivets, likely represents a significant long-term cost saving and a boost to overall dispatch reliability. We expect to see more collaborative engineering solutions of this nature as other popular light and midsize jet fleets mature.
Frequently Asked Questions
What aircraft does this modification apply to?
The modification is specifically engineered for the Embraer Phenom 300, a popular light business jet frequently used in high-cycle charter and fractional ownership operations.
Which specific parts are affected?
According to DAS Aviation, the modification applies to the engine inlet, specifically part number 505-43420-403 and all superseded part numbers.
How long does the modification take?
The complete teardown, inspection, and installation of approximately 700 engineered rivets takes between 7 and 10 days. DAS Aviation offers loaner inlets to help operators keep their aircraft flying during this period.
Sources:
Photo Credit: DAS Aviation
Business Aviation
Cessna Citation M2 Gen2 with Garmin Autothrottles Validated by EASA and ANAC
Textron Aviation’s Cessna Citation M2 Gen2 with Garmin autothrottles receives EASA and ANAC approvals, following FAA certification, enabling operations in Europe and Brazil.
This article is based on an official press release from Textron Aviation.
Textron Aviation has secured key international validations for its Cessna Citation M2 Gen2 equipped with Garmin autothrottles. The EASA (EASA) and Brazil’s National Civil Aviation Agency (ANAC) have officially validated the Technology, clearing the way for customer deliveries and operations in two of the world’s major aviation markets.
According to a company press release issued on May 28, 2026, this regulatory milestone follows the initial Federal Aviation Administration (FAA) certification achieved in late 2025. The integration of Garmin autothrottles is designed to significantly reduce pilot workload, particularly for those flying single-pilot operations in busy terminal areas.
As one of the most delivered light-entry jets globally, the M2 Gen2’s expansion into European and Brazilian airspaces marks a strategic step for Textron Aviation. The manufacturer aims to enhance safety and accessibility for owner-operators navigating complex, high-traffic environments.
Expanding Global Reach and Enhancing Safety
The Role of Garmin Autothrottles
The newly validated Garmin autothrottle system automates the management of engine thrust to maintain target speeds throughout various phases of flight. As detailed in the official announcement, this automation is highly beneficial during high-demand periods such as climbs, descents, and approaches.
By ensuring smoother and more predictable flight profiles, the technology allows pilots to focus heavily on situational awareness and critical decision-making. Textron Aviation emphasizes that this is a crucial upgrade for single-pilot operations. In the official press release, Lannie O’Bannion, Senior Vice President of Sales & Marketing at Textron Aviation, highlighted the customer benefits:
“For our customers, these validations unlock access to technology that helps simplify flying in some of the world’s most complex operating environments. The Citation M2 Gen2 with Garmin autothrottles delivers an intuitive cockpit experience, helping pilots manage workload with greater confidence.”
Technical Specifications and Regulatory Milestones
Aircraft Capabilities
To understand the impact of these validations, it is helpful to review the core capabilities of the Cessna Citation M2 Gen2. The Aircraft is designed and certified for single-pilot operation and is powered by two Williams FJ44-1AP-21 engines. It features the advanced Garmin G3000 avionics suite, which now seamlessly integrates the autothrottle functionality.
According to the manufacturer’s published specifications, the light jet boasts a maximum cruise speed of 404 knots and a maximum range of 1,550 nautical miles. It can climb to 41,000 feet in just 24 minutes and is capable of operating on runways as short as 3,210 feet, accommodating up to seven passengers.
Certification Expertise
Securing dual validations from EASA and ANAC highlights the manufacturer’s regulatory proficiency and commitment to international safety standards. Chris Hearne, Senior Vice President of Engineering & Programs at Textron Aviation, stated in the release:
“Earning ANAC and EASA validation for the Citation M2 Gen2 with Garmin autothrottles reinforces Textron Aviation’s proven ability to certify advanced aircraft efficiently across global regulatory authorities. This achievement reflects our deep certification expertise and our continued commitment to delivering pilot-focused innovation that meets the highest international safety standards.”
Looking Ahead to the Gen3
AirPro News analysis
We view the rapid international validation of the M2 Gen2’s autothrottles as a clear indicator of the aviation industry’s broader push toward cockpit automation in the light jet segment. By standardizing features that were historically reserved for mid-size and large-cabin business jets, Manufacturers are actively lowering the barrier to entry for owner-operators and enhancing overall airspace safety.
Furthermore, while Textron Aviation is currently expanding the global footprint of the Gen2, the company is already preparing for the next evolution of the airframe. Industry data and company statements confirm that the Cessna Citation M2 Gen3 remains in active development, with an expected entry into service in 2027. This continuous iteration suggests that Textron is highly focused on maintaining its competitive edge in the entry-level jet market by consistently integrating the latest Avionics advancements.
Frequently Asked Questions
What is an autothrottle system?
An autothrottle system is similar to cruise control for an airplane’s engines. It automatically manages engine thrust to maintain a specific target speed, which helps reduce the pilot’s manual workload during busy phases of flight like takeoff, approach, and landing.
When did the Cessna Citation M2 Gen2 receive FAA certification for autothrottles?
The aircraft achieved Federal Aviation Administration (FAA) certification for the integration of Garmin autothrottles in late 2025, prior to receiving EASA and ANAC validations in May 2026.
How many passengers can the Citation M2 Gen2 carry?
According to Textron Aviation specifications, the Citation M2 Gen2 has a seating capacity for up to seven passengers.
Sources
Photo Credit: Textron Aviation
Business Aviation
Delta Air Lines Extends Lock-Up on Wheels Up Shares to 2027
Delta Air Lines extends lock-up on over 35% of Wheels Up shares until May 2027, supporting the private aviation firm’s operational turnaround.
This article is based on an official press release from Wheels Up.
On May 26, 2026, private jets aviation provider Wheels Up Experience Inc. (NYSE: UP) announced that Delta Air Lines, its lead strategic investor, has agreed to extend the lock-up restriction on its shares of common stock. According to the official company press release, the new expiration date is set for May 22, 2027, adding an additional year to the previous deadline.
This strategic move ensures that more than 35% of Wheels Up’s total outstanding shares remain off the open market. The extension serves as a strong indicator of Delta’s ongoing confidence in the private aviation company’s business transformation and operational trajectory.
Deepening the Delta Partnership
The relationship between Wheels Up and Delta Air Lines continues to be deeply integrated. Delta not only serves as the lead strategic investor but also anchors a partnership that provides Wheels Up customers with premium commercial travel benefits across Delta’s extensive network.
This latest lock-up extension follows closely on the heels of a $100 million term loan commitment led by the airline, which was originally announced on May 11, 2026. By keeping a significant portion of shares restricted, the agreement prevents a massive influx of equity into the open market, a move that typically helps stabilize investor perception and trading liquidity.
“Our partnership with Delta is broad and deeply integrated across our entire business. This lock-up extension, along with Delta’s leadership on our recently announced commitment for a $100 million term loan, reflects their strong confidence in our strategy and the accelerating momentum in our one-of-a-kind strategic partnership.”
, George Mattson, CEO of Wheels Up, via the company’s press release
Historical Context and Recent Milestones
This is not the first instance of investors delaying the sale of their shares to support Wheels Up. In September 2025, Delta Air Lines, along with other key investors such as CK Wheels LLC and Cox Investment Holdings, LLC, extended their lock-up restrictions for eight months until May 22, 2026. At that time, the locked shares represented approximately 85% of the total outstanding shares. The current extension applies specifically to Delta’s holdings.
Operational Turnaround
Wheels Up has been executing a significant corporate transformation aimed at modernizing its fleet, improving operational efficiency, and stabilizing its financial footing. Recent company milestones highlight this operational turnaround.
On May 22, 2026, the company achieved a record operational milestone of “Zero Cancellation Days,” signaling major improvements in service reliability. Earlier in the month, on May 11, Wheels Up announced its Q1 2026 financial results alongside the new Delta-led financing. Furthermore, the company completed a major fleet modernization milestone 18 months ahead of schedule on April 29, 2026, and executed a reverse stock split on April 14 to maintain stock exchange listing requirements.
AirPro News analysis
At AirPro News, we view Delta’s continued financial and structural backing as a critical stabilizing force for Wheels Up. The decision to lock up over 35% of outstanding shares for another year effectively removes a substantial near-term overhang on the stock, which is vital for a company navigating a complex turnaround.
Coupled with the recent $100 million term loan and operational milestones like the “Zero Cancellation Days,” Wheels Up appears to be methodically executing its transformation strategy. Delta’s willingness to double down on its commitment suggests that the airlines sees long-term strategic value in integrating private aviation feeds into its premium commercial network, despite the historical financial hurdles of the private aviation sector.
Frequently Asked Questions
What is a lock-up extension?
A lock-up extension is an agreement by major shareholders to restrict the sale of their shares for a specified period, often to demonstrate confidence in the company and prevent market volatility.
How much of Wheels Up’s stock is affected?
According to the press release, more than 35% of Wheels Up’s total outstanding shares are subject to this extended lock-up by Delta Air Lines.
When does the new lock-up expire?
The new expiration date is May 22, 2027.
Sources
Photo Credit: Wheels Up
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