April 3, 2024
A day after announcing an IPO, the Kinston, North Carolina-based FlyExclusive is adding midsize and super-midsize jets to its fractional fleet.
After launching its fractional ownership program on the back of Textron Aviation’s Cessna Citation CJ3+ light jets earlier this year, FlyExclusive is making another order.
The order, announced this morning during NBAA-BACE in Orlando, is for 14 additional private jets in the midsize and super-midsize categories.
Eight Citation XLS Gen2 midsize jets are slated for delivery in 2024.
There will also be six super midsize Longitudes, with the first pair coming in 2025.
On Monday, FlyExclusive announced plans to become publicly traded on the New York Stock Exchange via a SPAC merger.
The Investors Deck hinted at an upcoming order.
It showed the FlyExclusive fractional growing from six light jets in 2023 to 46 airplanes by 2026, with 21 light jets, 16 midsize aircraft, and nine super midsize jets.
“This agreement reinforces FlyExclusive’s rapid growth and further bolsters the company’s offerings in the fractional space. We continue to elevate the private flying experience, delivering consistent, reliable, and world-class service for our customers,” said Jim Segrave, Chairman and CEO of the operator.
He added, “We are proud to deepen our relationship with Textron Aviation and support high-quality, American manufacturing. We appreciate Textron Aviation’s support as we continue to grow into one of the largest private jet charter operators in the industry.”
“We’re proud that FlyExclusive, a growing fractional operator, has chosen the Citation XLS Gen2 and Citation Longitude to offer comfortable, spacious, and unforgettable experiences to their customers entering business aviation,” said Textron Aviation President & CEO Ron Draper in a prepared statement.
He continued, “We appreciate their confidence in Textron Aviation as they continue to expand their already impressive Citation fleet and look forward to continuing our relationship for years to come.”
Except for seven large-cabin Gulfstream GIV-SPs, Fly operates an exclusively Textron Cessna fleet.
That includes Encores, CJ3s, Excel/XLSs, Sovereigns, and Citation Xs.
