M&A Deal Summary |
|
|---|---|
| Date | 2025-02-14 |
| Target | Jet.AI - Aviation Business |
| Sector | Airlines |
| Buyer(s) | flyExclusive |
| Sellers(s) | Jet.AI |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 2015 |
| Sector | Airlines |
| Revenue | 315M USD (2023) |
flyExclusive is a vertically integrated, FAA-certificated air carrier providing private jet experiences by offering customers a choice of on-demand charter, Jet Club, and fractional ownership services to destinations across the globe. flyExclusive has one of the world’s largest fleets of Cessna Citation aircraft, and it operates a combined total of approximately 100 jets, ranging from light to large cabin sizes. The company manages all aspects of the customer experience, ensuring that every flight is on a modern, comfortable, and safe aircraft. flyExclusive’s in-house repair station, aircraft paint, cabin interior renovation, and avionics installation capabilities. flyExclusive was formed in 2015 and is headquartered in Kinston, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Airlines) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Nevada) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2025) | 1 of 1 |
Jet.AI operates in two segments, Software and Aviation, respectively. The Software segment features the B2C CharterGPT app, the Ava agentic booking AI, and the B2B Jet.AI Operator platform. The CharterGPT app and Ava both use natural language processing and machine learning to improve the private jet booking experience. The Jet.AI operator platform offers a suite of stand-alone software products to enable FAA Part 135 charter providers to add revenue, maximize efficiency, and reduce environmental impact. The Aviation segment features jet aircraft fractions, jet cards, on-fleet charter, management, and buyer’s brokerage. Jet.AI was founded in 2018 and is based in Las Vegas, Nevada.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Airlines) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Nevada) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2025) | 1 of 1 |
