Flyte Secures International Approval to Launch Private Aviation Service Across The Bahamas and Caribbean
Flyte gains approval to link its Florida jet network with high-demand leisure destinations in The Bahamas and Caribbean and will begin marketing immediately.
Rhea-AI Summary
Catheter Precision (VTAK) subsidiary Flyte has received international approvals to expand private flight operations from the United States into The Bahamas and Caribbean.
The authorization allows Flyte to offer private charter services linking its growing Florida network with high-demand leisure and resort destinations across the region, using its fleet of Cirrus Vision Jets. Initial potential routes include Miami, Fort Lauderdale, Palm Beach and Naples to locations such as Nassau, Bimini, Marsh Harbour and Eleuthera. Flyte plans immediate commercialization through direct-to-consumer marketing, strategic partnerships and its existing customer base.
Positive
- Regulatory approval obtained to operate flights from the U.S. into The Bahamas and Caribbean, opening a new geographic market.
- Expanded route network connecting multiple Florida cities to popular leisure destinations like Nassau, Bimini and Marsh Harbour.
- Improved aircraft utilization targeted by serving both domestic Florida demand and nearby international leisure routes with the same fleet.
- Immediate commercialization planned via direct-to-consumer marketing, strategic partnerships and existing customer relationships.
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 27 | Commercial milestones | Positive | -3.4% | International commercial milestones contrasted with a negative 24-hour price reaction. |
| Aug 20 | Account growth update | Positive | -4.6% | Consumer account growth coincided with a negative 24-hour price reaction. |
| Aug 11 | Strategic partnership | Positive | -5.5% | Founder and investor event partnership preceded a negative 24-hour price reaction. |
| Aug 06 | Monthly revenue report | Positive | +3.8% | Record July revenue and sequential growth accompanied a positive price reaction. |
| Aug 04 | Technology partnership | Positive | +4.6% | Enterprise AI partnership announcement preceded a positive 24-hour price reaction. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent favorable Flyte and company announcements more often preceded declines than gains, although positive reactions were also recorded.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Landmark international milestone unlocks significant new markets and broadens Flyte’s addressable aviation footprint beyond the United States
New capabilities connect Flyte’s growing Florida network with high-demand leisure and resort destinations throughout The Bahamas and Caribbean
Flyte to begin immediate commercialization through direct-to-consumer marketing and strategic partnerships, targeting increased demand, aircraft utilization and customer growth
FORT MILL, S.C., Sept. 02, 2026 (GLOBE NEWSWIRE) -- Flyte, a subsidiary of Catheter Precision, Inc. (NYSE American: VTAK), today announced that it has received the necessary approvals to expand flight operations from the United States into The Bahamas and Caribbean, marking an important expansion of Flyte’s addressable market and regional operating footprint.
The approval enables Flyte to offer private charter service connecting its growing Florida presence with destinations throughout The Bahamas and Caribbean, opening an entirely new geographic market for the company.
With Florida serving as one of Flyte’s core growth markets, the expansion creates a natural extension of the company’s existing short-haul private aviation model. Major population centers across South Florida sit within close proximity to some of the most highly traveled leisure destinations in The Bahamas and Caribbean, making them particularly well suited for Flyte’s fleet of Cirrus Vision Jets.
“This is a major step forward for Flyte and our expansion throughout the Southeast,” said Marc Sellouk, Founder & CEO. “Florida has always been an important piece of our growth strategy, but the opportunity becomes significantly larger when our network extends beyond the Florida coastline. We can now connect our customers directly to some of the most desirable destinations in The Bahamas and Caribbean while continuing to build the regional aviation network we believe Flyte is uniquely positioned to serve.”
Flyte expects the new capabilities to create additional demand across leisure, second-home and resort travel while increasing the number of destinations that can be served by aircraft positioned throughout Florida.
Potential routes include service from Miami, Fort Lauderdale, Palm Beach, Naples and other Florida markets to destinations such as Nassau, Bimini, Marsh Harbour, Eleuthera and additional Caribbean destinations within the operating range of Flyte’s fleet.
The Cirrus Vision Jet is particularly well suited for these missions, allowing Flyte to provide customers with an efficient private aviation option for regional routes that can be underserved or economically inefficient for larger traditional private jets.
The expansion also supports Flyte’s broader strategy of building density around regional operating hubs. As Flyte continues to grow its fleet, the company intends to strategically position aircraft in markets where each aircraft can serve both strong domestic demand and surrounding regional destinations.
“The value of our Florida operation changes dramatically as we expand the number of destinations those aircraft can serve,” added Sellouk. “An aircraft based in Florida is no longer limited to connecting cities within the state or Southeast. It can now serve an international leisure market sitting just off the coast. We believe that creates a meaningful opportunity to drive additional demand, increase aircraft utilization and continue expanding the Flyte customer base.”
Flyte plans to begin marketing its expanded Bahamas and Caribbean capabilities immediately through its direct-to-consumer platform, strategic partnerships and existing customer network.
About Flyte
Flyte is a technology-driven private aviation company focused on modernizing regional private travel. Through its growing fleet of Cirrus Vision Jets and direct-to-consumer booking platform, Flyte provides customers with a simple and efficient way to book private flights throughout its expanding network. Flyte is focused on connecting high-demand regional markets while leveraging technology, strategic fleet positioning and a differentiated aircraft platform to make private aviation more accessible and efficient.
For more information, visit flyflyte.com.
Investor Relations Contact: IR@catheterprecision.com 973-691-2000
FAQ
What did Flyte announce about its Bahamas and Caribbean expansion for Catheter Precision (VTAK)?
Flyte announced it has received the necessary approvals to expand private flight operations from the United States into The Bahamas and Caribbean. This enables the company to launch charter services connecting its Florida network with international leisure and resort destinations in the region.
Which routes will Flyte initially target with its new Bahamas and Caribbean service for VTAK?
Flyte highlights potential routes from Miami, Fort Lauderdale, Palm Beach, Naples and other Florida markets to destinations such as Nassau, Bimini, Marsh Harbour and Eleuthera, along with additional Caribbean locations within the range of its Cirrus Vision Jet fleet.
How does the Bahamas and Caribbean approval fit into Flyte’s Florida growth strategy for VTAK?
The company describes Florida as a core growth market and says extending operations beyond the Florida coastline creates a “natural extension” of its short-haul private aviation model. Aircraft based in Florida can now serve both in-state routes and nearby international leisure markets.
What aircraft will Flyte use for its Bahamas and Caribbean private aviation service?
Flyte will use its fleet of Cirrus Vision Jets for the newly approved international routes. The company states these aircraft are well suited for short regional missions that may be underserved or economically inefficient for larger traditional private jets.
When will Flyte begin commercializing its new Bahamas and Caribbean capabilities for VTAK?
Flyte plans to begin commercialization immediately. The company intends to market the expanded capabilities through its direct-to-consumer platform, strategic partnerships and its existing customer network to drive demand and customer growth.
How does this expansion change Flyte’s regional aviation network strategy under Catheter Precision (VTAK)?
The expansion supports Flyte’s strategy of building density around regional operating hubs. As the fleet grows, aircraft will be positioned where they can serve both strong domestic demand and nearby regional destinations, which the company believes will increase utilization and expand its customer base.