Flyexclusive Inc Stock Price, News & Analysis

flyExclusive (FLYX) has scheduled the release of its Q4 and full year 2024 financial results after market close on Monday, March 24, 2025. The company will host a conference call at 5:00 pm ET on the same day to discuss the results.

Investors can join the conference call by dialing 877-404-1250 (domestic) or +1 215-268-9892 (international) using event code 13752375. A live webcast will be available on the company's investor relations website, with the recording accessible for twelve months after the call.

flyExclusive (NYSEAMERICAN: FLYX) has unveiled its new Jet Club membership program, offering guaranteed access to its premium private jet fleet, including Challenger 300 and 350 aircraft. The streamlined membership features 24-month locked-in rates with no blackout dates or fuel surcharges.

The program includes integrated funding bonuses, exclusive 'Deal Day' discounts, and capped high-demand days to ensure predictable pricing during peak seasons. Chief Commercial Officer Mike Guina emphasized the company's focus on creating the most transparent jet membership in private aviation, featuring a unique pricing model designed for efficiency.

flyExclusive (NYSE: FLYX) has entered a definitive agreement to acquire Jet.AI's aviation business in an all-stock transaction. The deal involves Jet.AI spinning off its aviation business into a new company (SpinCo), which will then be acquired by flyExclusive. The transaction is expected to provide flyExclusive with additional growth capital and enhanced shareholder liquidity.

The purchase price will be determined based on Jet.AI's Net Cash multiplied by a premium percentage of 115-120%, equivalent to $12-22 million. Jet.AI shareholders will retain their existing stock while receiving new flyExclusive Class A common shares. The deal requires Jet.AI to maintain at least $12 million in Net Cash as a closing condition, supported by a $50 million non-binding term sheet with Hexstone Capital LP.

The transaction is expected to close in Q2 2025, subject to financing, regulatory review, and shareholder approval. Both companies operate similar aircraft from Textron Aviation and HondaJet, making this combination strategically aligned with flyExclusive's 2025 growth plans.

flyExclusive (FLYX) has been named a winner in the 2025 Sherwin-Williams Aerospace Coatings calendar contest, marking its third consecutive year of recognition. The company achieved a historic milestone by being the first to receive recognition for two projects in the same calendar year, featuring a Hawker 800XP and a Beechcraft 350.

The aircraft were painted at the company's 12,000 square foot electrostatic painting and coating facility in Kinston, NC, which is the first of its kind in the Southeastern United States. The facility can accommodate aircraft up to the size of Gulfstream IV and Falcon 900, operating 24/7 with senior paint team members bringing over 20 years of experience.

The company's MRO division spans more than 100,000 square feet, including nearly 80,000 square feet dedicated to shop, interiors, avionics, and maintenance facilities. The paint facility features three hangars with full downdraft booth and filtration systems, operating in climate-controlled conditions.

flyExclusive (FLYX) achieved its highest single-day flight record during the 2023 Thanksgiving holiday weekend, with a 47% increase in hours flown compared to the previous year and the highest one-day revenue in its nine-year history. The company's growth is attributed to its vertically integrated platform and strategic fleet management. Following an Aircraft Management Services Agreement with Volato Group in September, flyExclusive added nearly 200 Volato members to its Jet Club and expanded its fractional customer base. The company recently acquired three Challenger aircraft and plans to accelerate fleet additions in 2025.

flyExclusive (FLYX) announced its third quarter 2024 financial results through a Form 10-Q filing with the SEC. The company has made the results available through their investor relations website and the SEC website. A conference call has been arranged for interested parties, accessible via phone or webcast, with event code 13749916. The webcast replay will be available for twelve months after the call.

flyExclusive (FLYX) has announced it will release its third quarter 2024 financial results after market close on Thursday, November 14, 2024. The company will host a conference call at 5:00 pm ET to discuss the results. Investors can join via phone (866-682-6100 or +1 862-298-0702) using event code 13749916, or through a live webcast. The webcast replay will be available for twelve months on the company's investor relations website.

flyExclusive (NYSEAMERICAN: FLYX), a premium private jet charter provider, has announced key leadership appointments to strengthen its executive team. Brad Garner joins as Chief Financial Officer, Matt Lesmeister becomes Chief Operating Officer, and Mike Guina transitions to Chief Commercial Officer, effective immediately.

Garner, previously with Hale Partnership Capital Management, , brings experience in fundraising, capital structuring, and accounting. Lesmeister will focus on driving operational excellence across the enterprise, while Guina will oversee sales and new business strategies.

CEO Jim Segrave expressed confidence in the new leadership structure, stating it positions the company for its next growth phase and reinforces its commitment to world-class professionals. The changes aim to optimize finance operations, accelerate strategic initiatives, and drive multiyear value for customers, employees, and shareholders.

Volato, the largest HondaJet operator in the US, has announced a strategic agreement with flyExclusive (NYSEAMERICAN: FLYX) to transition its fleet operations management. This move aims to bring substantial cost savings and allow Volato to focus on high-growth areas like aircraft sales and proprietary software. Under the Aircraft Management Services Agreement (AMS), flyExclusive will manage all aspects of Volato's fleet operations, including revenue and expenses.

Volato will continue to take delivery of new HondaJets and Gulfstream G280s, which will become part of flyExclusive's managed fleet. The company will benefit from aircraft sales margins without operational costs and generate revenue from its proprietary software, including the Vaunt empty leg program. FlyExclusive will add its empty-leg flights to Vaunt, potentially increasing flight inventory by up to 500%. The companies are also discussing a potential merger to further integrate their strengths in the private aviation sector.