Wheels Up to Further Expand Premium Fleet with Order of Six Factory-New Embraer Phenom 300E Jets

First-ever direct purchase of new aircraft from Embraer to further scale Wheels Up's modernized fleet of Phenom and Challenger aircraft, supporting disciplined growth in its Signature membership program and continued investment in the customer experience

ATLANTA, Nov. 5, 2026 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced it has signed a definitive agreement with Embraer (NYSE: EMBJ) to purchase six factory-new Phenom 300E premium jets for delivery in the second half of 2027. The agreement builds on a longstanding relationship between Wheels Up and Embraer and follows nearly three years of discussions regarding the acquisition of new aircraft. The direct purchase from Embraer is expected to further expand Wheels Up's fully modernized fleet and support the company's growth in anticipated customer demand.

The Phenom 300 series premium light jet, a core platform within Wheels Up's modernized jet fleet, has been the world's best-selling light jet for more than a decade, offering industry-leading operational performance, reliability, range and cabin comfort. The six newly purchased Phenom 300E aircraft will join the 29 Phenom 300/300E jets and 15 Bombardier Challenger 300 series aircraft that currently comprise Wheels Up's premium controlled fleet. The aircraft will arrive with satellite Wi-Fi already installed, matching Wheels Up's Phenom and Challenger fleets, which are 100% satellite Wi-Fi-equipped.

"Having completed our fleet modernization program earlier this year, over 18 months ahead of schedule, we have seen strong growth in demand for our Signature membership offering, supported by our best-in-class fleet of Phenom and Challenger aircraft. We have welcomed more than 1,500 Signature members to the program in its first year since launch," said George Mattson, Chief Executive Officer of Wheels Up. "Embraer has been a valued partner to Wheels Up for years, and this agreement marks an important next chapter in that relationship. The decision to acquire factory-new Phenom 300Es reflects the strong demand trends we are seeing in our business and our commitment to investing in a consistent, premium experience for our customers."