Wheels Up Partners LLC  is in talks to go public through a merger with Aspirational Consumer Lifestyle Corp. (NYSE:ASPL) in a deal which could value the private jet charter company at more than $2 billion, people familiar with the matter said on January 25, 2021. Aspirational Consumer Lifestyle has engaged with potential investors to buy into a private investment in public equity, or PIPE, transaction to raise additional funding for the deal to invest in Wheels Up, the sources said.

The sources, who requested anonymity to discuss the transaction, cautioned that it is possible talks could still collapse. Aspirational Consumer Lifestyle and Wheels Up did not immediately respond to requests for comment.