CK Wheels LLC has sold UP and made no open-market buys since Jun 2026

CK Wheels LLC is a corporate investment vehicle and significant insider shareholder of Wheels Up Experience Inc. (NYSE: UP), where it has reported beneficial ownership in excess of 10% and has filed Schedule 13D beneficial ownership reports with the U.S. Securities and Exchange Commission.( CK Wheels LLC is described by Wheels Up and related investor communications as an investment vehicle co‑managed by Certares Opportunities, LLC and Knighthead Opportunities Capital Management, LLC, reflecting its role as a joint platform through which these firms hold and manage their strategic equity stake and credit exposure in Wheels Up.(

CK Wheels LLC has been a lead investor in multiple recapitalization and financing transactions for Wheels Up, including participation in a $500 million credit facility and related strategic partnership alongside Delta Air Lines and Cox Investment Holdings.( As a core long‑term shareholder, CK Wheels LLC has repeatedly agreed—together with Delta and Cox—to extend lock‑up restrictions on its common stock holdings, first through September 20, 2025 and subsequently through May 22, 2026, underscoring its alignment with Wheels Up’s ongoing transformation and turnaround strategy.( While detailed standalone operational history, management roster, and broader investment portfolio for CK Wheels LLC are not publicly disclosed beyond its co‑management by Certares and Knighthead, public filings and company releases consistently characterize it as a strategic investment entity rather than an operating business, focused on holding and managing its substantial ownership position in Wheels Up.(

Written by Perplexity from public sources.