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FLYX-News
FLYX-Events
flyExclusive Appoints Brian Reid as Chief Commercial Officer
flyExclusive announced the appointment of industry veteran Brian Reid as Chief Commercial Officer, effective August 24, 2026. Reid will lead flyExclusive's commercial strategy.
flyExclusive Jet Club Membership Sales Reach Historic Highs
flyExclusive announced consecutive monthly operating records that underscore accelerating demand for its redesigned Jet Club membership program and continued momentum across its private aviation platform. May established a new company record for flight hours, while June became the strongest non-holiday sales month in Jet Club history. Based on current sales trends, flyExclusive believes Jet Club membership sales are on pace to reach the highest annual level in company history. "Everything we're seeing points in the same direction," said Jim Segrave, Founder, Chairman, and Chief Executive Officer of flyExclusive. "Customers are joining at a faster pace, they're depositing more capital, they're flying more hours, and they're staying engaged with the platform. Those are exactly the indicators we want to see as we continue scaling the business."
flyExclusive Completes Acquisition of Jet.AI Aviation Assets
flyExclusive (FLYX) announced the completion of its previously announced acquisition of the aviation assets of Jet.AI (JTAI). The transaction adds a diversified portfolio of strategic assets that further strengthens flyExclusive's operating platform and supports the Company's disciplined strategy of expanding its fleet, growing its customer base and deploying capital into opportunities to create long-term shareholder value. The acquisition includes: Jet.AI's Jet Card members expected to generate additional flying activity across the flyExclusive platform. Two HondaJet aircraft and a Citation CJ4 aircraft. Approximately $4.1M securing three future Citation CJ3 delivery positions scheduled for 2027, supporting continued expansion of flyExclusive's industry-leading light jet fleet. Approximately $6.1M of securities, consisting of an indirect ownership, through a special purpose vehicle, of publicly traded Space Exploration Technologies Corp. (SPCX) shares. Approximately $5.3M of cash to support continued investment in accretive fleet growth. Among the most valuable aviation assets acquired are future Citation CJ3 delivery positions. The transaction consideration also includes indirect ownership, held through a special purpose vehicle, of SPCX shares. The SPV's direct interest is subject to pre-IPO lock-up restriction releasing on a staggered schedule until December 2026. flyExclusive intends to monetize the direct or indirect position in an orderly manner, converting them to cash to fund fleet growth and operating initiatives. Following the closing, flyExclusive expects to immediately begin integrating the acquired customers and aircraft into its operations while evaluating the most attractive deployment of the acquired financial assets and growth capital.
flyExclusive Announces Jet.AI Shareholders Approve Merger
lyExclusive (FLYX) announces that the special meeting of stockholders of Jet.AI (JTAI), held in connection with the previously announced merger of Jet.AI and flyExclusive, concluded on July 2. flyExclusive announced that Jet.AI stockholders have approved the previously announced merger, satisfying one of the final conditions required to complete the transaction. The companies expect to close the merger on or about July 7, subject to the remaining customary closing conditions. The approval removes a significant transaction milestone and allows management to remain focused on executing the Company's operating strategy and continuing its recent financial momentum.
flyExclusive Reaffirms 2026 Strategic Priorities and Updates on Jet.AI Merger
flyExclusive (FLYX) reaffirmed its strategic priorities for 2026 and provided an update on the pending merger with Jet.AI Inc. (JTAI). "As we move through 2026, our focus remains unchanged: improving profitability, strengthening our balance sheet, increasing aircraft utilization, and creating long-term value for shareholders," said Jim Segrave, Founder, Chairman and Chief Executive Officer of flyExclusive. "The pending Jet.AI transaction represents one component of that broader strategy." The company continues to focus on operational execution across its vertically integrated aviation platform, including charter operations, maintenance, repair and overhaul services, aircraft sales, and technology-enabled offerings. The company also flew over 7,000 hours last month, it added. As of the reconvened Special Meeting of Jet.AI stockholders held today, 688,285 shares, representing approximately 48.4% of Jet.AI's total outstanding shares, have voted in favor of the merger. Approximately 99% of the votes casts have voted in favor of the transaction. The transaction requires approval from holders of a majority of all outstanding shares, or approximately 710,861 shares. As a result, approximately only 22,500 additional affirmative votes are required to obtain stockholder approval. Considering 99% of all the votes that have been cast are in favor of the merger we are confident the transaction will be approved in the coming week with less than 2% of the outstanding shares voting. The Special Meeting was adjourned and will reconvene on July 2, 2026, to allow the additional time for remaining stockholders to submit their votes. Both Institutional Shareholder Services and Glass, Lewis & Co. have recommended that Jet.AI stockholders vote FOR the transaction.
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