Jet.AI Nears Completion of Aviation Business Sale to flyExclusive

Reuters02-02

Jet.AI Nears Completion of Aviation Business Sale to flyExclusive

Jet.AI Inc. is in the final stages of completing the sale of its aviation business to flyExclusive, one of the largest private jet operators in the United States. Upon closing, shareholders will hold two separate securities: JTAI, which will focus on AI data center infrastructure, and FLYX, representing the pure-play private aviation company. The transaction has been under SEC review for about a year due to a remaining accounting disclosure issue related to flyExclusive's 2023 financial period. If the deal closes with the required $12 million minimum positive net working capital, JTAI shareholders would receive approximately four million shares of flyExclusive stock, valued at about $13.4 million at the most recent closing price.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jet.ai Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9646878-en) on February 02, 2026, and is solely responsible for the information contained therein.

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