Reported 1 day ago
Wheels Up Experience Inc. (NYSE:UP) has sold three non-core businesses—Baines Simmons, Kenyon International Emergency Services, and Redline Assured Security—for approximately $20 million to strengthen its focus and improve its fleet through modernization. This move is part of a broader strategy to enhance operational efficiency and financial performance, alongside recent initiatives aimed at achieving $50 million in cost savings.
Source: YAHOO