On-Demand Private Jet Charter Company Flewber Global Files for U.S. IPO

Firm connects users with third-party private carriers but is looking to launch an air taxi service with its own aircraft.

Jack Daleo

Wednesday, July 19, 2023 at 02:14 PM ET

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On-demand private jet charter company Flewber Global filed for an initial public offering this week. [Credit: Shutterstock]

Key Takeaways:

Flewber Global, a private jet charter company, has filed for an $8 million IPO on Nasdaq, aiming to compete with ground-based rideshare services.
The company's primary revenue driver is "Flewber Luxe," a premium brokerage for third-party private jet charters, while its free app for booking, bidding, or sharing flights currently generates minimal income.
Flewber plans to launch "Flewber Hops" by Q3 2023, an air taxi service using its own Cirrus SF50 Vision Jets for short regional flights, positioning itself to capture the urban air mobility market ahead of eVTOL aircraft.

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You’ve heard of Uber and Lyft, but how about Flewber?

Flewber Global, a New York-based private jet charter company, doesn’t compare itself to those companies on account of its air-based offerings, but it seeks to compete with ground-based rideshare services. According to an SEC filing, the firm has filed for an initial public offering to be listed on the Nasdaq under the symbol FLYF. The filing calls for a capital raise of up to $8 million, and pricing terms were not disclosed. Maxim Group LLC and Joseph Gunnar and Co. are joint bookrunners for the deal.