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flyExclusive ( (FLYX) ) has issued an announcement.
On February 14, 2025, flyExclusive announced a definitive agreement to acquire Jet.AI’s aviation business in an all-stock transaction, following Jet.AI’s spin-off of its aviation segment into a new entity, SpinCo. This strategic business combination is expected to enhance flyExclusive’s growth capital and shareholder liquidity, while allowing Jet.AI to concentrate on its AI solutions. The transaction, anticipated to finalize in the second quarter of 2025, will support flyExclusive’s 2025 growth plans by integrating Jet.AI’s assets into its operations.
More about flyExclusive
flyExclusive is a vertically integrated, FAA-certificated air carrier offering private jet services including on-demand charter, Jet Club, and fractional ownership with a large fleet of Cessna Citation aircraft. The company handles customer experience comprehensively, providing modern and safe aircraft options.
YTD Price Performance: 18.10%
Average Trading Volume: 23,196
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $290.6M
For a thorough assessment of FLYX stock, go to TipRanks’ Stock Analysis page.
