FlyExclusive follows Wheels Up, Flexjet with IPO plans

Jim Segrave

North Carolina-based FlyExclusive is planning a SPAC merger with E.G. Acquisition Corp. as it plans to grow its fractional and charter fleet to 154 aircraft by 2024

FlyExclusive is the latest major jet card and fractional flight provider to jump into the public markets.

FlyExclusive opens 48,000-sq. ft. hangar, plans more expansion

Jim Segrave

Kinston, North Carolina-based FlyExclusive expects its headcount to grow from 800 to over 2,500

FlyExclusive plans to continue its rapid expansion, executives told attendees at a ceremony to open a new 48,000 square feet maintenance hangar today in Kinston, North Carolina.

FlyExclusive

flyexclusive

FlyExclusive Executive Overview

Year Founded2014
LeadershipJim Segrave, Founder, Chairman, and CEO
Mike Guina, Chief Strategy Officer
Tommy Sowers, President, and Chief Operating Officer
Brad Blettner, Chief Revenue Officer
Brent Smith, Chief Financial Officer
Brandon Greene, SVP, Fleet Development
Bill Tollison, SVP, Maintenance Repair Operations
Steve Pawlak, SVP Maintenance
David Ivy, SVP, Engineering
Douglas Manfredi, SVP, Operations
Trish Lorino, VP, Marketing and Communications
Miranda Magro, VP, Services
Josh Golden, Senior Director of Operations
HeadquartersKinston, North Carolina
Jet Card Hourly RatesLight jets from $2,900 per hour, including FET, plus a $6,000 daily access fee
Related ProductsAircraft Partnerships, Fractional Ownership, On-demand Charters, Empty Legs, Dedicated Aircraft, Corporate Solutions
Related CompaniesLGM Enterprises, Jetstream Aviation,

At the end of 2021, FlyExclusive moved from the seventh-largest private jet charter operator to the fourth spot. It has since climbed into the fifth spot in our Top 30 list based on flight hours through June 2021.

Founded by Jim Segrave, who previously sold Segrave Aviation to Delta Air Lines in 2010, the company has 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 up fixed rates up to 24 hours before departure.

In April 2021, the company placed its first new aircraft order for 30 Citation CJ3+ models. It also announced a fractional ownership program.

In October 2021, 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.

FlyExclusive is included in the Private Jet Card Comparisons’ database of over 50 jet card providers, enabling you to compare programs in minutes.

When was it founded?
2014
Who owns it?
Privately held
Who is the CEO?
Jim Segrave
How are the aircraft sourced?
FlyExclusive owns and leases its fleet

FlyExclusive Fleet (November 2022)

AircraftSizeNumber in Fleet
Citation EncoreLight Jet10
Citation CJ3Light Jet13
Citation Excel/XLSMidsize Jet40
Citation SovereignSuper Midsize Jet7
Citation XSuper Midsize Jet13
Gulfstream GIV-SPLarge Jet7
Source: FlyExclusive
What is Jet Club’s entry-level program?
$75,000 deposit
Do they provide guaranteed availability?
Yes
Is the hourly rate guaranteed?
Yes
What is the company website?
  https://www.flyexclusive.com/
Where is the headquarters?
Kinston, North Carolina

Contact a Sales Executive at FlyExclusive

Latest FlyExclusive News

The latest news and updates from FlyExclusive:

Loading…

Something went wrong. Please refresh the page and/or try again.

%d bloggers like this: