Sankaty Jet Capital Provides $68 Million Debt Facility to Wheels Up

Sankaty Jet Capital, a wholly owned subsidiary of AIP Capital, has committed capital through a new secured mezzanine facility STAMFORD, Conn. and NEW YORK, May 13, 2026 /PRNewswire/ -- Sankaty Jet Capital ("Sankaty" or "the Company"), a business aviation lending platform focused on providing financing solutions for counterparties across the business aviation industry and a wholly-owned subsidiary of AIP Capital ("AIP"), and Wheels Up Experience Inc. (NYSE: UP), ("Wheels Up") a leading provider of on-demand private aviation, announced the closing of a $68 million committed secured mezzanine facility.