FlyExclusive Announces Addition of Fractional Business

The large charter operator says the deal will help the company expand to accommodate high demand.

Thursday, April 07, 2022 at 12:17 PM ET

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The company operates a fleet of 85 light to heavy jets, including Citation X, Citation Sovereign, Citation Excel/ XLS, Citation CJ3, and Citation Encore aircraft models. [Courtesy: flyExclusive]

Key Takeaways:

flyExclusive has launched a new "flyExclusive Fractional" program, enabling private flyers to purchase a share in a new Cessna Citation CJ3+.
This new offering is supported by a significant agreement with Textron Aviation to purchase up to 30 new Citation CJ3+ aircraft, with deliveries beginning in 2023.
The expansion aims to meet the strong market demand for private air transportation and allows flyExclusive, the third-largest Part 135 charter operator in the U.S., to grow its services.

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On Thursday, flyExclusive announced the launch of its new offering, flyExclusive Fractional. The news follows a related announcement by Textron Aviation (NYSE: TXT) on Wednesday that said the 135 operator plans to purchase up to 30 new Citation CJ3+ aircraft.

Based in Kinston, North Carolina, flyExclusive is the third-largest Part 135 charter operator in the United States. The company operates a fleet of 85 light to heavy jets, including Citation X, Citation Sovereign, Citation Excel/ XLS, Citation CJ3, and Citation Encore aircraft models.