A transaction first announced in February 2025 closed in July 2026. What arrived was not only aeroplanes.
flyExclusive announced completion of its acquisition of Jet.AI’s aviation assets.
What transferred
- Jet.AI’s Jet Card members.
- Two HondaJet aircraft and one Citation CJ4.
- Three future Citation CJ3 delivery positions scheduled for 2027 delivery, valued at approximately $4.1 million.
- Approximately $6.1 million in securities, consisting of indirect ownership of Space Exploration Technologies Corp. (NASDAQ: SPCX) shares held through a special purpose vehicle.
- Approximately $5.3 million in cash.
The SPCX position
The securities holding is an indirect interest in publicly traded SPCX shares. The special purpose vehicle’s direct interest is subject to pre-IPO lock-up restrictions releasing on a staggered schedule through December 2026. flyExclusive stated it intends to monetise the position in an orderly manner to fund fleet growth and operations.
Why delivery positions count as assets
Chief Financial Officer Brad Garner made the point that in the current aircraft market, delivery positions are strategic assets in their own right — a queue slot for a 2027 CJ3 has value independent of the aeroplane, because the queue is the constraint.
Founder and Chief Executive Officer Jim Segrave framed the acquisition as adding customers rather than simply assets: members who can begin using the existing fleet immediately.
Earlier stages of this transaction: the final approval milestone and the original definitive agreement.
Based on the company press release of 14 July 2026. Read the original on the flyExclusive investor relations site.
