Mid-transaction updates usually say very little. This one put a number on the gap between where the vote stood and where it needed to be.

flyExclusive reaffirmed its strategic priorities for 2026 and provided an update on the pending merger with Jet.AI Inc.

The four priorities

• Improving profitability.
• Strengthening the balance sheet.
• Increasing aircraft utilisation.
• Creating long-term shareholder value.

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. The pending Jet.AI transaction represents one component of that broader strategy.

Jim Segrave, Founder, Chairman and Chief Executive Officer

A record May

The company flew over 7,000 hours in May, the highest utilisation in its history.

Where the Jet.AI vote stood

As of the reconvened special meeting held on 24 June 2026, 688,285 shares — approximately 48.4% of Jet.AI’s total outstanding shares — had voted in favour of the merger, and approximately 99% of votes cast supported the transaction. Approval required holders of a majority of all outstanding shares, or approximately 710,861 shares, leaving roughly 22,500 additional affirmative votes still needed. The meeting was adjourned to reconvene on 2 July 2026 so remaining stockholders could vote.

Both Institutional Shareholder Services and Glass, Lewis & Co. recommended that Jet.AI stockholders vote in favour. The merger agreement remained in full force with no changes to terms, structure or economics.

The voting results demonstrate broad support among participating stockholders, and we remain focused on completing the transaction and moving forward with our strategic objectives.

Jim Segrave

Approval followed on 2 July — see Jet.AI stockholders approve the merger.

Based on the company press release of 24 June 2026. Read the original on the flyExclusive investor relations site.