flyExclusive

The fractional charter jet operator has entered into an aircraft management services agreement with its competitor flyExclusive.

The acquisition has been in the works since 2022.

Textron’s CEO told investors on his earnings call that despite supply chain challenges still affecting the company, its manufacturing segments generated higher operating profits than last year.

In a joint interview with FLYING, the CEOs of both companies discussed their partnership, the expectation of inflight connectivity, and flyExclusive’s planned IPO.

Under the deal, the Orlando-based aircraft management and charter company has firm orders for Citations, with options to buy 16 more.

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