Executive AirShare Corporation signed a Letter of Intent to acquire Non-Core Aircraft Management Business of Wheels Up Experience Inc. (NYSE:UP) on August 9, 2023. Once signed, the deal is expected to close in the third quarter, subject to customary approvals and closing conditions. Foulston Siefkin LLP is serving as legal counsel to Airshare. Jefferies, LLC is acting as the exclusive financial advisor and Kirkland & Ellis LLP is serving as legal counsel to Wheels Up.