News

Wheels Up Names New CEO, George Mattson

1 Mins read

Shares of Wheels Up Experience saw a significant increase as the private jet membership company announced George Mattson as its new CEO. Mattson, a longtime director of Delta Air Lines, is set to take over the role in early October.

The stock price rose by almost 13% to $3.00 during midday trading. While the stock remains down by around 71% for the year, this leadership change could potentially signal a turning point for the company.

Wheels Up recently secured a $500 million rescue financing package from Delta Air Lines and other investors, providing a much-needed boost. Mattson will be based in Atlanta, Georgia, where Delta is headquartered, leading the New York-based Wheels Up.

Todd Smith, who has been serving as the interim CEO since May, will continue in his role as the chief financial officer of Wheels Up.

Mattson brings a wealth of experience to the table, having been a board member at Delta since 2012 and currently serving as president at Star Mountain Capital. Additionally, he holds the position of chairman at Tropic Ocean Airways, the second-largest seaplane operator in the U.S. Prior to these roles, Mattson enjoyed a successful career as a banker at Goldman Sachs.

The appointment of George Mattson as CEO marks an exciting new chapter for Wheels Up and highlights the company’s commitment to growth and transformation.

Related posts
News

Risk mitigation

4 Mins read
Asian economies should cooperate to jointly lower their overreliance on dollar-denominated assets The economic and trade policies implemented by the current administration…
News

Cloud mining revolutionizes the way to increase the value of crypto assets: Ripplecoin Mining allows XRP, BTC, and Solana holders to achieve daily income | Business Upturn

3 Mins read
Weston, Massachusetts, July 16, 2025 (GLOBE NEWSWIRE) — As the cryptocurrency market continues to fluctuate, more and more investors are looking for…
News

Republicans declared it 'crypto' week in the House. It's not going as planned

1 Mins read
WASHINGTON (AP) — A trio of cryptocurrency bills that had been expected to pass the House this week stalled on Tuesday after…

Leave a Reply

Your email address will not be published. Required fields are marked *