FLYX News & Events

lyExclusive (FLYX) announces that the special meeting of stockholders of Jet.AI (JTAI), held in connection with the previously announced merger of Jet.AI and flyExclusive, concluded on July 2. flyExclusive announced that Jet.AI stockholders have approved the previously announced merger, satisfying one of the final conditions required to complete the transaction. The companies expect to close the merger on or about July 7, subject to the remaining customary closing conditions. The approval removes a significant transaction milestone and allows management to remain focused on executing the Company's operating strategy and continuing its recent financial momentum.

flyExclusive (FLYX) reaffirmed its strategic priorities for 2026 and provided an update on the pending merger with Jet.AI Inc. (JTAI). "As we move through 2026, our focus remains unchanged: improving profitability, strengthening our balance sheet, increasing aircraft utilization, and creating long-term value for shareholders," said Jim Segrave, Founder, Chairman and Chief Executive Officer of flyExclusive. "The pending Jet.AI transaction represents one component of that broader strategy." The company continues to focus on operational execution across its vertically integrated aviation platform, including charter operations, maintenance, repair and overhaul services, aircraft sales, and technology-enabled offerings. The company also flew over 7,000 hours last month, it added. As of the reconvened Special Meeting of Jet.AI stockholders held today, 688,285 shares, representing approximately 48.4% of Jet.AI's total outstanding shares, have voted in favor of the merger. Approximately 99% of the votes casts have voted in favor of the transaction. The transaction requires approval from holders of a majority of all outstanding shares, or approximately 710,861 shares. As a result, approximately only 22,500 additional affirmative votes are required to obtain stockholder approval. Considering 99% of all the votes that have been cast are in favor of the merger we are confident the transaction will be approved in the coming week with less than 2% of the outstanding shares voting. The Special Meeting was adjourned and will reconvene on July 2, 2026, to allow the additional time for remaining stockholders to submit their votes. Both Institutional Shareholder Services and Glass, Lewis & Co. have recommended that Jet.AI stockholders vote FOR the transaction.

Jet.AI (JTAI) announced that Glass Lewis has recommended that Jet.AI stockholders vote for the proposed merger with flyExclusive (FLYX) at the upcoming special meeting of stockholders.

flyExclusive (FLYX) announced that the Registration Statement on Form S-4 filed in connection with its previously announced transaction with Jet.AI (JTAI) has been declared effective by the U.S. Securities and Exchange Commission.The effectiveness of the S-4 marks a key milestone in advancing the transaction toward JTAI stockholder approval and closing, which is expected to continue expanding flyExclusive's scale through the acquisition of Jet.AI's aviation operating business, including Citation and HondaJet aircraft and customers, and growth capital expansion while positioning flyExclusive to accelerate the deployment of capital directly into revenue-generating assets. Upon closing, flyExclusive expects to integrate these aviation assets into its vertically integrated platform, immediately enhancing network capacity and utilization while capturing incremental demand across both retail and wholesale channels. The transaction is structured to convert capital directly into revenue-generating assets and contracted demand, consistent with the Company's disciplined growth strategy. The Company expects to deploy capital to support near-term fleet expansion, including the planned delivery of three Citation CJ3 aircraft beginning in 2027, further supporting the Company's fleet modernization initiative. These aircraft are expected to add high-demand capacity across the network to support growing demand across both retail and wholesale channels. The transaction is also expected to enhance liquidity and provide additional financial flexibility to support continued investment in fleet, maintenance infrastructure, and operational scaling initiatives.