Since its launch in 2019 Fly Alliance has grown to the 14th-largest U.S. private jet operator based on charter and fractional flight hours.
Christopher Tasca is now the CEO of Fly Alliance after a management buyout of the company.
Tasca had served previously as president and co-founder.
Fly Alliance is the 14th-largest U.S. private jet operator based on charter and fractional hours.
The company saw 25.6% year-over-year growth from 2024 to 2025.
Kevin Wargo, who launched the company in 2019 with Tasca and served as chief executive, moves to an advisory role.
In an email to customers, Tasca wrote, “I am proud to announce that Fly Alliance has secured a significant institutional equity investment and established a strategic banking partnership that together provide the financial foundation for our next phase of growth.”
He continues, “These relationships strengthen our balance sheet, provide additional financial flexibility, and position us to execute our long-term vision with confidence.”
Tasca tells Private Jet Card Comparisons the investment comes via a longtime customer.
Tasca praised Wargo, who brought him on at Dumont Aviation, where he launched the company’s first jet card and fractional business, building it to $50 million.
After Wargo exited Dumont in 2019, Tasca joined him to form Fly Alliance.
“Kevin played an instrumental role in building the foundation of Fly Alliance, and I am pleased that he will continue serving the organization as a member of our Advisory Board. His experience and industry knowledge will remain a valuable resource as we continue building the future of our company,” Tasca said.
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Per the latest FAA data, Fly Alliance has 25 aircraft on its charter certificate.
There are nine large cabin Gulfstream jets and a similar number of Cessna Citation XLS and Sovereigns.
Tasca says another half dozen will be added in the coming months.
Tasca says:
‘That investment allows us to reinvest where it matters most. We will continue investing in the business units that consistently deliver exceptional performance, strengthening our operational infrastructure, expanding technology, and providing our teams with the resources necessary to continue leading the industry. At the same time, we will continue restructuring and modernizing our managed aircraft fleet, ensuring we operate the right aircraft for our owners, our members, and our long-term profitability.’
In addition to its jet card, fractional, parts business, and aircraft management programs, Tasca says the operator plans to increase its focus on the wholesale market.
Headquarters will continue to be split between Orlando and Rhode Island.
Plans call for standardized interiors and Starlink or Galileo WiFi.
“We think there is a white label opportunity in the wholesale market,” Tasca says.
Fly Alliance will continue expanding its global presence.
Over the past couple of years, it has opened offices and is operational in San Marino, Dubai, and India.
Terms of the sale were not disclosed.
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