November 9, 2024
After launching in 2021 with the HondaJet, Jet.AI, formerly Jet Token, has switched OEMs with a new light jet order.
Jet.AI, formerly Jet Token, is moving to a new manufacturer for its next private jet order, per an SEC filing this morning.
The Las Vegas fractional, jet card, and aviation technology provider took flight in 2021 using the HondaJet.
More recently, it has teased a Challenger 3500 order from Bombardier.
However, an SEC filing this morning revealed a wholly owned subsidiary, Galilee LLC, entered an aircraft purchase agreement with Textron Aviation.
The order is for three Citation CJ4 private jets.
“Upon execution of the purchase agreement, an initial deposit was paid for each aircraft, and three additional deposits are due on each aircraft and payable on defined intervals starting in November 20245 through August 2025,” per the filing.
Deliveries are targeted for the third and fourth quarters of 2026.
Jet.AI uses Las Vegas-based management and charter operator Cirrus Aviation Services to operate its current fleet.
Jet.AI executives declined additional comments.
Jet Out, Fly Alliance, and FlyExclusive have all launched fractional and co-ownership programs using Textron aircraft.
NetJets holds options for up to 1,500 deliveries from Textron.
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