FlyExclusive to Upsize Fleet With Citation Buy

FlyExclusive continues to grow with a purchase of 14 Cessna Citation business jets.

Tuesday, October 18, 2022 at 12:44 PM ET

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FlyExclusive has entered into an agreement to purchase eight Cessna Citation XLS Gen2 aircraft and up to six Citation Longitudes. [Courtesy: flyExclusive]

Key Takeaways:

FlyExclusive is significantly expanding its fleet by ordering 8 Cessna Citation XLS Gen2 aircraft, up to 6 Citation Longitudes, and exercising an option for 5 additional Citation CJ3+ jets.
These new aircraft are intended to enhance FlyExclusive's fractional program, offering more options in the midsize and super-midsize segments for its customers.
The fleet expansion is part of FlyExclusive's rapid growth strategy, supported by a recent merger for additional capital and the opening of a new large hangar, further strengthening its relationship with Textron Aviation.

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FlyExclusive, a Part 135 operation out of Kinston, North Carolina, continues its growth by placing an order for up to 14 additional Cessna Citation business jets, according to the company.

Textron Aviation (NYSE: TXT), the parent company of Cessna, announced today that flyExclusive had entered into an agreement to purchase eight Cessna Citation XLS Gen2 aircraft to be delivered in 2023 and up to six Citation Longitudes, the first delivery of which will take place in 2025.