Jet.AI announces executive salary agreements amid merger plans
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 13 Jan 26
Source: Benzinga
Jet.AI's stock fell 19.94% as it hit a 52-week low.
The company disclosed executive salary agreements, with Executive Chairman Michael Winston's base salary rising to $425,000 and interim CFO George Murnane earning $300,000. These agreements include change-of-control protections linked to a proposed merger with flyExclusive, which could provide executives with $1.5 million cash bonuses if the deal closes. Additionally, Jet.AI announced a joint venture with Choo Choo Express LLC to develop a data center in Nevada, marking a strategic pivot towards AI infrastructure.
The market reaction has been cautious, as despite the recent surge in stock price, Jet.AI remains near its 52-week low, indicating potential volatility ahead.
Analyst Views on JTAI
Wall Street analysts forecast JTAI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JTAI is 8.00 USD with a low forecast of 8.00 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.255
Low
8.00
Averages
8.00
High
8.00
Current: 0.255
Low
8.00
Averages
8.00
High
8.00
About JTAI
Jet.AI Inc., through its subsidiaries, is principally involved in the sale of fractional and whole interests in aircraft; the sale of jet cards, and operation of a proprietary booking platform, which functions as a prospecting and quoting platform to arrange private jet travel with third-party carriers as well as via the Company’s leased and managed aircraft; direct chartering of its HondaJet aircraft by Cirrus; aircraft brokerage and services. Its booking platforms include CharterGPT, and Ava. Its CharterGPT platform displays a variety of options across private aircraft types in addition to the pricing of its own aircraft, with a range of prices drawn from a list of thousands of aircraft for hire. Its Jet.AI Operator Platform provides and continues to develop a business-to-business (B2B) software platform for a suite of software-as-a-service (SaaS) products termed Jet.AI Operator Platform, which consists of Reroute AI, DynoFlight, and FlightClub-Cirrus Specific.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
