Examples of Wheels Up in a sentence
Such forward looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and on numerous assumptions regarding the business strategies and the environment in which Air Partner, BidCo, Wheels Up, any member of the Air Partner Group or any member of BidCo’s Group shall operate in the future and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements.
The cash consideration payable under the Acquisition is being financed using existing balance sheet resources of Wheels Up. Jefferies, financial adviser to BidCo, is satisfied that sufficient resources are available to BidCo to enable it to satisfy, in full, the cash consideration payable to Air Partner Shareholders under the terms of the Acquisition.
Please be aware that addresses, electronic addresses and certain information provided by Air Partner Shareholders, persons with information rights and other relevant persons for the receipt of communications from Air Partner may be provided to BidCo or Wheels Up during the Offer Period as requested under Section 4 of Appendix 4 to the Takeover Code to comply with Rule 2.11(c) of the Takeover Code.
This Announcement (including information incorporated by reference in this Announcement), oral statements made regarding the Acquisition, and other information published by Air Partner, BidCo, Wheels Up, any member of the Air Partner Group, any member of the BidCo’s Group contain statements which are, or may be deemed to be, “forward looking statements”.
The board of directors of Air Partner plc (“Air Partner”) and the board of directors of Wheels Up UK Limited (“BidCo”) are pleased to announce that they have reached agreement on the terms and conditions of a recommended all-cash acquisition of Air Partner by BidCo, a newly-incorporated company indirectly owned by Wheels Up Experience Inc.
Wheels Up is the leading provider of “on demand” private aviation in the United States and one of the largest private aviation companies in the world.
Wheels Up Connect, Core, and Business memberships provide enhancements such as flight sharing, empty-leg Hot Flights, Shuttle Flights, Shared Flights, signature Wheels Up Down events and exclusive member benefits from preeminent lifestyle brands.
Neither Jefferies, nor any of its affiliates, subsidiaries or branches owes or accepts any duty, liability or responsibility whatsoever (whether direct, or indirect, whether in contract, in tort, under statute or otherwise) to any person other than BidCo and Wheels Up in connection with the Acquisition, any statement contained herein or otherwise.
Wheels Up is listed with shares of its common stock publicly traded on NYSE and has a market capitalisation of approximately USD $1.0 billion as at the Last Practicable Date.
Air Partner, BidCo and Wheels Up shall prepare the Scheme Document to be distributed by Air Partner to Air Partner Shareholders.