Wheels Up Experience Inc. announced that Kenneth Dichter, the Company's Chairman of the Company's Board of Directors (the “Board”), will depart from his positions as the Company's Chief Executive Officer and Chairman of the Board effective May 9, 2023 (the “Effective Date”). Mr. Dichter will remain a director on the Board and will transition the role of Chairman to Ravi Thakran. On May 9, 2023, Wheels Up also announced that the Board has appointed Ravi Thakran as Executive Chairman of the Board effective as of the Effective Date.

Mr. Thakran has served as a non-independent director since July 2021, and also served as the Chief Executive Officer and the Chairman of the board of directors of Aspirational Consumer Lifestyle Corp. (“Aspirational”), a blank check company with which Wheels Up consummated a business combination to become a publicly-traded company, from July 2020 until the closing of such business combination in July 2021. David Adelman will remain the Company's Lead Independent Director.