flyExclusive, a provider of premium private jet charter experiences, recently went public with the aid of approximately $100 million in capital and $50 million in follow-on debt and preferred equity investments. The funding will enable flyExclusive to expand its fleet and fractional ownership offerings for clients who want to experience the comfort, convenience, and control of access to on-demand jet travel across the globe. The Company currently operates a fleet of approximately 100 jets. flyExclusive is listed on the NYSE American and trades under the ticker symbol FLYX.
Ideal for travelers who prefer to fly private 50 or more hours each year, flyExclusive’s fractional ownership program provides easy access to private jet travel while requiring a lower capital investment than full jet ownership, potentially offering similar tax benefits. The fractional ownership program gives travelers peace of mind to plan travel without the concern of crew hiring and training, insurance, and other regulatory and operational requirements.
According to flyExclusive, its fractional program is unique in that it has n...