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Jet.AI Inc. Merger Consideration Warrants - $jtaiz STOCK NEWS

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Rhea-AI Summary

Jet.AI Inc. announced the launch of its national jet card program, providing private jet services across the continental U.S. with guaranteed rates, availability, and a 48-hour call out. The program features an optional escrow, only 44 peak days, and aims to leverage existing jet card buyers for cross-sales.

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Jet.AI Inc. collaborates with FL3XX to introduce DynoFlight carbon offset platform to FL3XX customers, aiming to empower private aircraft operators to easily offset carbon emissions. The integration is set to launch in Q1 2024, enhancing sustainability in aviation practices.
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4.34%
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Jet.AI Inc. launches Reroute AI, a web-based software tool designed to recombine and reprice empty flight legs to enhance profits and sustainability in private aviation. The tool focuses on passenger experience, profit optimization, and environmental sustainability, allowing operators to unlock additional profits without new investment. Reroute AI aims to solve the 'reroute the leg problem' by intelligently altering empty flight legs and repackaging them as new charter flights, reducing fuel consumption and considering emissions. The tool targets the 5,000+ FAA Part 135 charter operators in the U.S., offering a solution to the common pain point of empty return journeys in private aviation.
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12.36%
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Jet.AI Inc. (Nasdaq: JTAI) will be participating in the Alliance Global Partners Virtual Technology Conference on February 7, 2024. The conference will feature one-on-one meetings with Chairman Mike Winston and CEO George Murnane. For more information or to schedule a meeting, contact Jet.AI@gateway-grp.com.
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Jet.AI (JTAI) announced its third-quarter 2023 financial results, revealing a 270% revenue growth, excluding aircraft sales benefits from the previous year. The company launched CharterGPT, an AI-powered charter booking platform, and DynoFlight, a carbon offset API for aviation. Jet.AI also partnered with the Vegas Golden Knights and Cirrus Aviation and participated in various corporate and investor events. Despite the revenue growth, total revenues were down due to the absence of aircraft available for sale this year. The company reported a gross profit of $170,000 and an operating loss of $4.3 million, with cash and cash equivalents of $903,909 as of September 30, 2023.
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-2.63%
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Jet.AI Inc. Merger Consideration Warrants

Nasdaq:JTAIZ

JTAIZ Rankings

JTAIZ Stock Data

5.68M
Scheduled Passenger Air Transportation
Transportation and Warehousing
Link
United States of America
LAS VEGAS

About JTAIZ

oxbridge acquisition corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or spac, organized under the laws of the cayman islands and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. while the company may pursue an initial business combination target in any business, industry or geographical location, it intends to focus its search on a technology business within the insurtech, blockchain and artificial intelligence verticals, with enterprise value in excess of $300 million. the company is led by jay madhu, its chairman & ceo and wrendon timothy, its cfo, secretary, treasurer and director.