Why Shares of Aspirational Consumer Lifestyle Are Flying High Today

Shares of Aspirational Consumer Lifestyle (NYSE: ASPL) climbed 10% at the open Monday after the special purpose acquisition company (SPAC) announced a deal to merge with private aviation company Wheels Up.

Wheels Up is a 7-year-old provider of small plane services, according to its website, that offers members access to private planes at a more affordable price. Wheels Up flew more than 150,000 passengers in 2020, utilizing its access to more than 1,500 owned, managed, and third-party partner aircraft.

Wheels Up also has a marketing partnership with Delta Air Lines.

Source Fool.com