Creatd, Inc. Finalizes $8.3M Flewber Acquisition, Unveils AI-Powered Flyte to Transform the Private Air Travel Industry
Rhea-AI Summary
Creatd Inc (OTC: CRTD) has completed the $8.3 million acquisition of Flewber Global, transforming it into Flyte Inc, a regional air mobility platform. The company aims to revolutionize the $28.5 billion regional air mobility market through AI-powered booking technology and optimized operations.
Flyte's business model focuses on three revenue verticals:
- Hops: Regional business travel utilizing underutilized airports
- Luxe: On-demand private jet charters with premium service
- Escapes: Curated travel experiences with premium hospitality partners
The company leverages AI-driven booking systems, real-time flight analytics, and route optimization technology to enhance efficiency and customer experience. Flyte has secured seat-block agreements with partners to ensure consistent demand and recurring revenue.
Positive
- $8.3M strategic acquisition in $28.5B market
- Three diversified revenue streams established
- Secured seat-block agreements ensuring recurring revenue
- AI-powered technology implementation for operational efficiency
Negative
- Profitability timeline not specified
- Acquisition costs may impact short-term financials
- Operating in highly competitive private aviation market
News Market Reaction – CRTD
On the day this news was published, CRTD declined 1.00%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
$8.3M acquisition fuels strategic transformation, leveraging Creatd’s tech, data, and AI capabilities- Streamlined operations position Flyte for rapid expansion and profitability
- Flyte redefines on-demand air travel with a focus on regional connectivity, private charters, and curated getaways
NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- Creatd, Inc. (OTC: CRTD) has officially closed its acquisition of Flewber Global, Inc. for
Streamlined Operations, Focused Growth
Flyte is built around three high-margin revenue verticals:
- Hops: A more visionary approach to regional business travel, leveraging underutilized airports to bypass congested commercial hubs.
- Luxe: On-demand private jet charters with white-glove service and optimized routes.
- Escapes: Curated travel experiences that combine flights with premium hospitality partners.
With a streamlined business model and enhanced operational efficiencies, Flyte has the potential to scale rapidly while maintaining financial discipline.
Leveraging Tech, Data, and AI for Profitability
Flyte’s AI-driven booking system, real-time flight analytics, and route optimization technology are designed to increase efficiency and elevate customer experience, ensuring high-margin, sustainable growth.
“Regional air mobility is entering a new era, and Flyte is positioned at the forefront of that transformation,” said Jeremy Frommer, CEO of Creatd. “By integrating our expertise in AI, data, and operational efficiency, we are driving Flyte toward cash-flow positivity and long-term market leadership.”
Expanding Partnerships & Market Reach
Flyte is actively growing its network of corporate travel programs, luxury hospitality brands, and exclusive destination partners. Secured seat-block agreements with key partners ensure consistent demand and recurring revenue.
“Flewber was just the beginning—Flyte is our future,” said Marc Sellouk, CEO of Flewber. “With Creatd’s backing, we are building a technology platform that connects travelers with their destinations more efficiently, whether for business, leisure, or a premium luxury experience.”
Investor Outlook & Next Steps
The transition from Flewber to Flyte is underway, with an updated investor presentation available here: https://www.creatd.com/presentations. 2025 marks a pivotal year as Flyte expands its footprint, strengthens profitability, and accelerates its market penetration.
About Creatd:
Creatd, Inc. is a publicly traded holding company that focuses on investments and operations across technology, media, advertising, and consumer sectors. By leveraging its expertise in structured finance and acquisitions, Creatd identifies and nurtures opportunities within small-cap companies, driving growth and innovation across its diverse portfolio. For more information, visit https://www.creatd.com/
About Flyte:
Flyte, Inc., previously Flewber Global, Inc. is a pioneering private aviation company dedicated to revolutionizing air travel through accessibility, convenience, and technology-driven innovation. By leveraging a seamless booking platform and a unique on-demand model, Flyte provides travelers with a more efficient and cost-effective alternative to traditional private jet charters. For more information, visit http://www.flewber.com/
Contact:
ir@creatd.com
Forward Looking Statements: This statement includes forward-looking statements, which are based on current expectations, beliefs, and assumptions about future events and are subject to uncertainties and risks that could cause actual results to differ materially. These statements often contain terms like "expected," "anticipated," and "estimated." Factors influencing future outcomes are unpredictable and may emerge over time. We do not commit to updating any forward-looking statement post its publication date. Our SEC filings provide further details and risk disclosures.
FAQ
What is the value of Creatd's acquisition of Flewber Global?
What are the three main revenue verticals of Flyte (CRTD)?
How large is the regional air mobility market that CRTD's Flyte is targeting?
What technology is Flyte using to optimize its operations?
How is CRTD's Flyte securing consistent revenue streams?
