Associated tags: Safety, Cessna Citation family, Air, Transport, Travel, Airline, Aircraft, Transportation, Cessna, Citation
Locations: NC, NEW YORK, COLORADO, CALIFORNIA, GULF STREAM, FALCON, UNITED STATES, NORTH AMERICA, NORTH CAROLINA
Retail,
Air,
Transport,
Transportation,
Specialty,
Travel,
Policy,
Annual report,
Security (finance),
Exchange,
Notice,
Form,
Cryptocurrency The Notice has no immediate effect on the listing of the Company’s common stock on the NYSE.
Key Points:
- The Notice has no immediate effect on the listing of the Company’s common stock on the NYSE.
- The Notice informed the Company that, pursuant to NYSE rules, the Company has six months from April 16, 2024 to regain compliance with the NYSE listing standards by filing the Form 10-K with the SEC.
- Subsequent to filing the Form 12b-25, the Company continued to dedicate significant resources to the completion of the Form 10-K but was unable to file by April 16, 2024, the end of the extension period provided by the Form 12b-25.
- Until the Company files the Form 10-K, the Company’s common stock and warrants will remain listed on the NYSE under the symbols “FLYX” and “FLYXWS,” respectively, and will be assigned a “LF” indicator to signify late filing status.
Luxury,
Air,
Transport,
Transportation,
Lodging,
Retail,
Destinations,
Vacation,
Travel,
Partnership,
Housekeeping,
ISPO flyExclusive , Inc. (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”) a publicly-traded provider of premium private jet charter experiences, today announced a partnership with Inspirato Incorporated (NASDAQ: ISPO) (“Inspirato”) to offer eligible fractional owners and Jet Club members exclusive Inspirato Travel Membership benefits.
Key Points:
- flyExclusive , Inc. (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”) a publicly-traded provider of premium private jet charter experiences, today announced a partnership with Inspirato Incorporated (NASDAQ: ISPO) (“Inspirato”) to offer eligible fractional owners and Jet Club members exclusive Inspirato Travel Membership benefits.
- “Inspirato and flyExclusive share in the mission to provide clients the best customer service experience possible and this unique offering furthers our dedication to that mission.”
As part of the partnership, eligible flyExclusive fractional owners and Jet Club members will be granted one 12-month complimentary Inspirato “Travel Membership,” allowing participants to book luxury travel experiences without paying a membership fee.
- flyExclusive will also provide Inspirato members the opportunity to activate one six-month complimentary Jet Club membership and offer flight credit for any Inspirato member who becomes a flyExclusive fractional owner.
- "We are thrilled about our partnership with flyExclusive," said Eric Grosse, Chief Executive Officer of Inspirato.
flyExclusive , (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”) a provider of premium private jet charter experiences, today announced that it has added the first Challenger 350 super-midsize aircraft to its fractional program.
Key Points:
- flyExclusive , (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”) a provider of premium private jet charter experiences, today announced that it has added the first Challenger 350 super-midsize aircraft to its fractional program.
- “With the addition of the Challenger 350 to our fractional fleet, customers will have the chance to own a jet that boasts a cross-country, nonstop range in the largest cabin in the super-midsize category,” CEO and founder Jim Segrave said.
- The arrival of the aircraft signals the next phase of the company’s strategic focus on modernizing its fleet and expanding its fractional program.
- Amenities in flyExclusive’s new Challenger 350:
Retail,
Luxury,
Air,
Transport,
Transportation,
Travel,
Issue date,
Common stock,
Common,
Warrant,
Effective date,
Security (finance) The Company received approximately $25 million in cash proceeds in connection with the transaction, which closed on March 4, 2024 (the “Issue Date” or “Effective Date”).
Key Points:
- The Company received approximately $25 million in cash proceeds in connection with the transaction, which closed on March 4, 2024 (the “Issue Date” or “Effective Date”).
- “We’re thrilled to expand our relationship with EnTrust Global, a partner that recognizes the significant opportunity flyExclusive has to become the nation’s first vertically integrated private aviation company,” said Jim Segrave, Founder and CEO of flyExclusive.
- If voting is required by applicable law or otherwise, each holder of Series A Preferred Stock will be entitled to one vote per share.
- Beginning on the third anniversary of the issuance, 100% of the Share Count Cap may be purchased.
Professional Services,
Air,
Transport,
Transportation,
Finance,
Travel,
Other Transport,
Partnership,
Global TransPark,
ETG,
Safety,
Growth flyExclusive (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”), a publicly-traded provider of premium private jet charter experiences, today announced the execution of a two-year revolving credit facility for up to $25.8 million with ETG FE LLC, an investment vehicle managed by EnTrust Global.
Key Points:
- flyExclusive (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”), a publicly-traded provider of premium private jet charter experiences, today announced the execution of a two-year revolving credit facility for up to $25.8 million with ETG FE LLC, an investment vehicle managed by EnTrust Global.
- As part of its strategic initiatives to accelerate operational excellence, grow the business, and execute its strategic plan to become the nation’s first fully vertically integrated private aviation company, flyExclusive will use the proceeds to support the continued evolution of the company’s fractional aircraft program.
- “We believe this facility is a strong vote of confidence in flyExclusive’s strategy and continued initiatives to increase growth and profitability,” said Jim Segrave, Founder and CEO of flyExclusive.
- In October 2023, the Company announced that the Global TransPark secured a $30 million investment from the State of North Carolina to fund a new headquarters and cutting-edge pilot training center.
Retrieved on:
Wednesday, December 27, 2023
flyExclusive, a leading provider of premium private jet charter experiences, and EG Acquisition Corp. (NYSE: EGGF), a Special Purpose Acquisition Company (SPAC) sponsored by EnTrust Global and GMF Capital, today announced the completion of their previously announced business combination.
Key Points:
- flyExclusive, a leading provider of premium private jet charter experiences, and EG Acquisition Corp. (NYSE: EGGF), a Special Purpose Acquisition Company (SPAC) sponsored by EnTrust Global and GMF Capital, today announced the completion of their previously announced business combination.
- The business combination was approved at a special meeting of EG Acquisition Corp.’s stockholders on December 18, 2023.
- “Today marks another milestone in our company’s mission to elevate the private aviation experience,” said Jim Segrave, Chief Executive Officer and founder of flyExclusive.
- In connection with the closing of the business combination, the Company has canceled the annual meeting, which was previously scheduled to be held on December 27, 2023 at 5:00 p.m. Eastern Time.
Retrieved on:
Wednesday, October 18, 2023
Education,
Air,
Transport,
Transportation,
Travel,
Training,
Aircraft,
Textron Aviation,
Mayo River State Park (North Carolina),
Cessna,
Bay,
Government,
Certification,
Global TransPark,
Federal Aviation Administration,
Multimedia,
Phase,
Phase II,
Citation,
Investment,
Airline,
Jet fuel,
Maintenance,
Overhaul flyExclusive , a leading provider of premium private jet charter experiences, today announced that the Global Transpark secured a $30 million investment from the State of North Carolina for a cutting-edge pilot training center and headquarters.
Key Points:
- flyExclusive , a leading provider of premium private jet charter experiences, today announced that the Global Transpark secured a $30 million investment from the State of North Carolina for a cutting-edge pilot training center and headquarters.
- The facility will also include 14,000 square-feet in classrooms and training spaces, a rooftop terrace and a 22,000 square-foot air operations center.
- “I am often asked why we chose Kinston for our headquarters,” Jim Segrave, Founder and CEO of flyExclusive said.
- Third, we’ve received enormous support from the Kinston community, the Global Transpark and the state of North Carolina.
Retrieved on:
Tuesday, October 17, 2023
Transport,
Air,
MRO,
Paint,
Segrave,
Cessna,
Citation,
Aircraft,
Travel,
Friction,
Growth,
XLS,
Textron Aviation,
Airline,
Maintenance (technical),
Maintenance,
Cessna Citation Longitude flyExclusive , a leading provider of premium private jet charter experiences, today announced that it has added the 100th jet to its operating certificate.
Key Points:
- flyExclusive , a leading provider of premium private jet charter experiences, today announced that it has added the 100th jet to its operating certificate.
- “Today is historic, and it is the result of the hard work of every member of our team,” said Jim Segrave, Founder and CEO of flyExclusive.
- “Owning and maintaining our own fleet has been core to the success and growth of our business.
- More than 99% of Jet Club and Fractional member flights are flown on flyExclusive’s owned fleet.
Other Defense,
Professional Services,
Alternative Energy,
Energy,
Defense,
Chemicals,
Plastics,
Insurance,
Air,
Transport,
Automotive Manufacturing,
Finance,
Aerospace,
Manufacturing,
Multimedia,
Flight operations quality assurance,
NYSE,
Global Sales Law Project,
Cessna,
Citation,
Aircraft,
Travel,
Henderson Executive Airport,
Aviation,
Cessna Citation Sovereign,
Cessna Citation X,
Textron,
National Business Aviation Association,
News,
Henderson,
Textron Aviation,
NBAA,
Cessna Citation family,
Airline Textron Aviation , a Textron Inc. (NYSE:TXT) company, today announced that flyExclusive has been named the fleet launch customer for the Cessna Citation CJ3 Gen2 .
Key Points:
- Textron Aviation , a Textron Inc. (NYSE:TXT) company, today announced that flyExclusive has been named the fleet launch customer for the Cessna Citation CJ3 Gen2 .
- View the full release here: https://www.businesswire.com/news/home/20231016424092/en/
Cessna Citation CJ3 Gen2 flyExclusive (Photo: Business Wire)
"We are thrilled to announce flyExclusive as the fleet launch customer for the Citation CJ3 Gen2, the latest addition to the industry-leading Citation family,” said Lannie O’Bannion, senior vice president, Global Sales and Flight Operations.
- flyExclusive operates a fleet of Cessna Citation jets including Citation X, Citation Sovereign, Citation Excel/ XLS, Citation CJ3 /CJ3+ and Citation Encore / Encore+ aircraft models.
- “We take pride in being the fleet launch customer for the Citation CJ3 Gen 2, building on our decades-long relationship with Textron Aviation.
Retrieved on:
Wednesday, October 4, 2023
Air,
Transport,
Aerospace,
Manufacturing,
Transportation,
Travel,
Aircraft,
Federal Aviation Administration,
Citation,
Cessna Citation Excel,
Textron Aviation,
Certification,
Cessna,
Safety,
Airline,
Overhaul,
Maintenance Our customers expect the best, and the Citation CJ3+ offers the most superior light jet experience in private aviation,” flyExclusive Founder and CEO Jim Segrave said.
Key Points:
- Our customers expect the best, and the Citation CJ3+ offers the most superior light jet experience in private aviation,” flyExclusive Founder and CEO Jim Segrave said.
- The total investment plan included the purchase of up to 14 midsize and super-midsize Cessna Citation business jets, including eight XLS Gen2 aircraft and six Longitude aircraft, respectively .
- Earlier this year, the Federal Aviation Administration granted flyExclusive Part 145 Certification to perform Maintenance, Repair, and Overhaul (“MRO”) services on third-party aircraft.
- In the past year, the company upgraded five of its Cessna Citation Excel aircraft with the Garmin G5000 advanced flight deck.
