{"id":94165,"date":"2025-02-17T19:00:35","date_gmt":"2025-02-17T19:00:35","guid":{"rendered":"https:\/\/peraltafinancing.com\/aerospace\/flyexclusive-to-buy-jet-ais-aviation-business-in-all-stock-deal\/"},"modified":"2025-02-17T19:00:35","modified_gmt":"2025-02-17T19:00:35","slug":"flyexclusive-to-buy-jet-ais-aviation-business-in-all-stock-deal","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=94165","title":{"rendered":"flyExclusive to buy Jet.AI’s aviation business in all-stock deal"},"content":{"rendered":"


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Jet.AI\u2019s aviation offerings, featuring fractional jet ownership, jet cards, and charter services, will enhance flyExclusive\u2019s operational portfolio. Credit: SFIO CRACHO\/Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

flyExclusive, a Federal Aviation Administration (FAA) certificated air carrier, has entered into a definitive agreement to acquire the aviation business of Jet.AI.<\/p>\n

The business combination is structured as an all-stock transaction, with the purchase price dependent on Jet.AI\u2019s net cash and an applicable premium percentage.<\/p>\n

To facilitate the closing of the transaction, Jet.AI has secured a $50m non-binding term sheet with Hexstone Capital.<\/p>\n

The deal is expected to support flyExclusive\u2019s growth plans for 2025, providing additional capital and enhanced shareholder liquidity.<\/p>\n

Jet.AI founder and executive chairman Mike Winston said: \u201cThis business combination with flyExclusive offers our shareholders the opportunity to benefit from growth in both private aviation and artificial intelligence (AI).<\/p>\n

\u201cflyExclusive, the fifth-largest operator in the industry by hours flown, is a natural fit, with clear synergies given the common aircraft we operate.\u201d<\/p>\n

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