Jet.AI Extends Merger Agreement with flyExclusive to April 30
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
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Jet.AI (JTAI) announced that the parties have extended the outside date of the merger agreement between flyExclusive (FLYX) and Jet.AI to April 30, with closing expected in the first quarter of 2026.
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About FLYX
Flyexclusive Inc. is a vertically integrated private aviation company providing charter, Jet Club membership, and fractional ownership services worldwide. It operates its private jet fleets in the United States, with full operational control over maintenance, refurbishment, and avionics through its in-house MRO facilities in Kinston, North Carolina. It is a premier owner and operator of curated private aviation experiences dedicated to surpassing passenger expectations for quality, convenience, and safety. T operates a selected fleet of Cessna Citation, Gulfstream, HondaJet, and Challenger aircraft to service customers flying domestically and internationally. It has curated a versatile fleet of Citation CJ3 / CJ3+, Citation Excel / XLS / XLS+, Citation Encore+, Citation Sovereign, Citation X, and Challenger 350 aircraft. It has a diversified and evolving business model, including a jet club membership program, fractional program, and maintenance, repair, and overhaul (MRO) program.
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.
Off the Hook Yachts Launches Nationwide Dealer Incentive Program to Boost Transaction Volume
- Dealer Incentive Program: Off the Hook Yachts has launched a nationwide dealer incentive program in partnership with flyExclusive, aimed at enhancing dealer engagement and accelerating transaction volume, thereby solidifying its position as America's largest buyer and seller of pre-owned boats.
- Transaction Volume Boost: The program rewards high-performing dealers with private aviation flight hours, which is expected to significantly increase transaction volume and help the company capture a larger share of the approximately 1 million pre-owned boats sold annually in the U.S.
- Market Potential: With the annual value of pre-owned boat transactions in the U.S. estimated at $10 billion, Off the Hook Yachts is actively working to expand its market share within the $57 billion marine market through its nationwide dealer network.
- Strategic Partnership: The collaboration with flyExclusive not only strengthens dealer relationships but also creates new business opportunities by integrating marine and aviation services, further advancing the company's long-term growth strategy.
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flyExclusive Adds Two Challenger 350 Aircraft, Supporting 2026 Modernization Plan
- Fleet Expansion: flyExclusive's addition of two Challenger 350 aircraft increases its fleet to eight, marking a significant step in the company's ongoing expansion in high-contribution super-midsize aircraft, expected to enhance overall operational efficiency and customer service capabilities.
- Technology Upgrade: The new aircraft will be the first in flyExclusive's fleet equipped with Starlink, with installations commencing immediately, aimed at providing high-speed, worldwide reliable connectivity that meets modern customer expectations and enhances the overall customer experience.
- Strategic Investment: CEO Jim Segrave stated that this expansion reflects a deliberate strategy focused on long-term value creation, with plans to continue adding more Challengers and other models to strengthen fleet economics and improve customer availability.
- Modernization Initiative: The new aircraft are part of flyExclusive's broader fleet modernization initiative, emphasizing modern aircraft types with attractive lifecycle economics, ensuring efficient maintenance and upgrades that enhance operational cost management capabilities.
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