Transaction Adds Customers, Aircraft, Future Fleet Positions, Marketable Securities and Growth Capital While Continuing Company's Strong Strategic Momentum
KINSTON, N.C., July 14, 2026--(BUSINESS WIRE)--flyExclusive, Inc. (NYSE American: FLYX), one of the nation's leading providers of premium private aviation, today announced the successful completion of its previously announced acquisition of the aviation assets of Jet.AI.
The transaction adds a diversified portfolio of strategic assets that further strengthens flyExclusive's operating platform and supports the Company's disciplined strategy of expanding its fleet, growing its customer base and deploying capital into opportunities to create long-term shareholder value.
The acquisition includes:
Jet.AI's Jet Card members expected to generate additional flying activity across the flyExclusive platform.
Two (2) HondaJet aircraft and a Citation CJ4 aircraft.
Approximately $4.1 million securing three (3) future Citation CJ3 delivery positions scheduled for 2027, supporting continued expansion of flyExclusive's industry-leading light jet fleet.
Approximately $6.1 million of securities, consisting of an indirect ownership, through a special purpose vehicle, of publicly traded Space Exploration Technologies Corp. (NASDAQ: SPCX) shares.
Approximately $5.3 million of cash to support continued investment in accretive fleet growth.
"This acquisition reflects exactly how we've been building flyExclusive," said Jim Segrave, Founder and Chief Executive Officer. "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 that increase our flexibility. Every strategic decision we make is focused on creating long-term value for our shareholders."
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.
Building on Strong Momentum
The acquisition represents another milestone in flyExclusive's ongoing strategy to strengthen its competitive position through disciplined execution and thoughtful capital allocation.
Over the past year, the Company has continued to build momentum across multiple strategic initiatives, including:
Expanding one of the industry's largest owned and operated light jet fleets.
Growing its Challenger fleet to meet increasing demand for midsize and super-midsize aircraft.
Becoming an authorized Starlink Aviation dealer, enabling customers to access next-generation in-flight connectivity while expanding the Company's aviation technology capabilities.
Continuing to invest in proprietary technology, maintenance infrastructure and operational capabilities designed to support scalable growth.