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 launched a new "flyExclusive Fractional" program, enabling private flyers to purchase a fractional share in a new Cessna Citation CJ3+.
To support this new offering and its continued growth, flyExclusive plans to purchase up to 30 new Citation CJ3+ aircraft from Textron Aviation, with deliveries commencing in 2023.
Already the third-largest Part 135 charter operator in the U.S. and a major Cessna Citation owner-operator, flyExclusive is expanding its service options to meet strong market demand for private air transportation.

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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.