flyExclusive Inc. has entered a definitive agreement to acquire the aviation business of Jet.AI Inc. in an all-stock transaction. This strategic business combination is contingent upon closing conditions, including Jet.AI's spin-off of the business into a new company.
Jet.AI shareholders will retain their Jet.AI stock and receive new Class A common shares in flyExclusive as part of the transaction. The deal is expected to provide flyExclusive with additional growth capital and enhanced shareholder liquidity.
The acquisition is considered a natural fit due to both companies operating Textron Aviation and HondaJet planes, which is anticipated to create clear synergies. The acquired assets are expected to support flyExclusive’s 2025 growth plans and augment its continued market share expansion.
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