Year Founded
2014
Headquarters
Kinston, North Carolina
Leadership
Jim Segrave
Founder, Chairman, and CEO
Matt Lesmeister
Chief Operating Officer
Mike Guina
Chief Commercial Officer
Brad Garner
Chief Financial Officer
Charlie Creech
SVP, Major Repair & Overhaul
Joseph Nelson
SVP, 135 Maintenance
David Ivy
SVP, Engineering
Jet Card Hourly Rates
Light jets from $4,000 per hour, plus a $7,500 daily access fee
Related Products
Aircraft Partnerships, Fractional Ownership, On-demand Charters, Empty Legs, Dedicated Aircraft, Corporate Solutions
Related Companies
LGM Enterprises, Jetstream Aviation
FlyExclusive is the fifth-largest North American private jet charter/fractional operator based on flight hours.
Founded by Jim Segrave, who sold Segrave Aviation to Delta Air Lines in 2010, the company plans to increase its current fleet of over 90 aircraft (see table below).
Its Jet Club membership program, launched in May 2020, features light, midsize, and super-midsize private jets.
The Club was revamped in October 2021 with an expanded service area and the flexibility to book fixed rates up to 24 hours before departure.
In April 2022, the company placed its first new aircraft order for 30 Citation CJ3+ models and announced a fractional ownership program.
In October 2022, it announced an additional order for its fractional program of eight Cessna Citation XLS Gen2 aircraft to be delivered in 2024 and up to six Citation Longitudes, with initial deliveries of the first two Longitudes in 2025.
In October 2022, it announced plans for an IPO via a SPAC merger.
In December 2023, FlyExclusive became a publicly traded company on the New York Stock Exchange trading under FLYX.
In March 2024, FlyExclusive announced the addition of Bombardier Challenger 350 aircraft to its fleet, with plans for approximately 20 as part of its Fleet Refresh Program. This aircraft will now be available in their Fractional Program.
| Aircraft | Aircraft Size | Number in Fleet |
|---|---|---|
| Honda Aircraft HA-420 HondaJet | Very Light Jet | 2 |
| Light | 2 | |
| Cessna Citation CJ3 and CJ3+ | Light | 24 |
| Cessna Citation XLS | Midsize | 45 |
| Bombardier Challenger 350 | Super Midsize | 2 |
| Bombardier Challenger 300 | Super Midsize | 1 |
| Cessna Citation Sovereign | Super Midsize | 6 |
| Cessna Citation X | Super Midsize | 5 |
| Large | 4 |
2014
FlyExclusive is privately held. It is planning a SPAC IPO for 2023.
Jet club and charter revenue increased by $50.3 million, or 30%, to $216.5 million for the nine months ended September 30, 2024 as compared to the nine months ended September 30, 2023. Jet club and charter flight hours increased by 47%, partially offset by a 11% decrease in effective hourly rates during the nine months ended September 30, 2024 compared to the nine months ended September 30, 2023.
Overall revenues during the first three quarters were down 1.5% to $235.9 million. Q3 revenues increased 24.0% to $76.9 million.
Jim Segrave
FlyExcluisve sources aircraft from its owned and leased fleet of approximately 90 very light, light, midsize, super-midsize, and large cabin private jets.
Jet Club starts with a $100,000 deposit.
Jet Club offers fixed-hourly rates.
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