FlyExclusive buys Gulfstream operator

Fast-growing FlyExlusive is adding the first large-cabin, long-range private jets to its fleet of light, midsize, and super-midsize aircraft.

By Doug Gollan, March 5, 2020

North Carolina-based flyExclusive, the eighth largest Part 135 charter operator in the U.S., said it is acquiring Sky Night LLC, an owner and operator of Gulfstream aircraft.

The deal brings large cabin G-IVSP aircraft to flyExclusive’s growing fleet of over 50 light, midsize, and super-midsize aircraft. Sky Night will be rebranded as flyExclusive International, according to a press release.

“Through this alignment…we will capitalize on the opportunity to extend our high quality, safe and reliable point-to-point travel on a global scale,” said Jim Segrave, owner, LGM Enterprises, the acquisition vehicle and parent of flyExclusive.

The Gulfstream GIV-SP joins the flyExclusive fleet

He added, “The addition of Gulfstream aircraft is a key milestone in our growth strategy and furthers our commitment to exceeding expectations for unmatched private travel no matter the destination.”

The company said the long-range aircraft will immediately extend flyExclusive’s charter travel reach to Europe, Hawaii, Alaska, and Asia.

He added, “Today we begin a new chapter in that journey as we expand our reach to wherever passengers dream of flying.”

flyExclusive is ARGUS Platinum and Wyvern Wingman certified.

Last December, flyExclusive said it was launching a “membership club” that would bridge the gap between fractional ownership and typical jet card programs.

At the time, the company said it would be adding large-cabin aircraft.  

Prior to starting flyExclusive, Segrave had sold Segrave Aviation to Delta Private Jets in 2010.

The move by Segrave continues industry consolidation.

In January, Wheels Up, now the largest Part 135 operator in the U.S. bought DPJ. Earlier this week it also purchased Gama Aviation and last year it acquired TMC Jets.

Dubai-based Vista Global Holdings swept up XOJET bringing over 40 Challenger 300s and Citation Xs in 2018. It then merged it with another acquisition, JetSmarter to form XO.

In January, Jet Edge, a major player in large-cabin private jets acquired Jet Select, increasing its presence in the super-midsize category.

It also highlights the different paths various operators are taking. While Jet Edge has stayed away from direct-to-consumer marketing, relying on charter brokers, others are trying to cater to both markets.

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