The Jet AI aviation division acquisition by FlyExclusive, originally announced in February 2025, finally closed last week.
FlyExclusive says its acquisition of aviation services from Jet AI will provide a range of immediate benefits.
The deal closed last week.
It was first announced in February 2025.
Per the company, “Unlike a traditional acquisition focused primarily on operating assets, the transaction delivers a complementary portfolio of aviation and financial assets designed to provide both immediate operating benefits and long-term strategic flexibility.”
Jet.AI’s jet card members are expected to generate additional flying activity across the FlyExclusive platform.
FlyExclusive gains two HondaJet very light jets and a Citation CJ4.
It currently has three of the HA-420s in its fleet.
There are $4.1 million in deposits for future Citation CJ3 delivery positions scheduled for 2027.
The Cessna Citation CJ3 is FlyExclusive’s light jet platform.
It currently has 26 of the light jets.
The most recent FAA data shows FlyExclusive with 79 aircraft on its Part 135 charter certificate.
Overall, FlyExclusive ranked as the fifth-largest U.S. operator by charter and fractional hours in 2025.
Approximately $6.1 million in securities, consisting of an indirect ownership interest in publicly traded shares of Space Exploration Technologies Corp. through a special purpose vehicle, is directed to FlyExclusive’s coffers.
The direct interest is subject to pre-IPO lock-up restrictions, with releases staggered until December 2026.
FlyExclusive intends to monetize its direct or indirect positions “in an orderly manner.”
Additionally, there is $5.3 million of cash to support continued investment in accretive fleet growth.
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FlyExclusive Chairman and CEO Jim Segrave says:
‘This acquisition reflects exactly how we’ve been building flyExclusive. We’re not simply adding assets. We’re adding customers who can immediately utilize our platform, aircraft that strengthen our fleet, future delivery positions that support our long-term growth, and financial assets to accelerate our growth and increase our flexibility. Every strategic decision we make is focused on creating long-term value for our shareholders.’
CFO Brad Garner, speaking about the CJ3 delivery slots, adds, “In today’s aircraft market, delivery positions are strategic assets in their own right.”
Garner continues, “Securing future production slots provides visibility into fleet expansion and supports our ability to continue growing one of the strongest light jet fleets in private aviation.”
FlyExclusive expects to immediately begin integrating the acquired customers and aircraft into its operations.
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