flyExclusive, a leading private charter service based in North Carolina, has proudly announced the induction of its first Challenger 350 “super-midsize” business jet into its fractional ownership program. The company, renowned for its on-demand charter services, has set ambitious plans to incorporate up to 20 Challenger 350 jets by the end of 2025, signaling a significant expansion of its luxury flight offerings.
Jim Segrave, CEO and founder of flyExclusive, expressed enthusiasm for the new addition, highlighting the Challenger 350’s exceptional features. “Customers will now have the opportunity to own a fraction of a jet that not only provides nonstop, cross-country range but also offers the most spacious cabin in the super-midsize category,” Segrave stated. This move aims to elevate the flying experience for flyExclusive’s clientele, offering unparalleled comfort and convenience.
According to research by ch-aviation, the newly acquired Challenger 350, registered as N234GF (msn 20620), was previously operated by Fieger And Fieger, Pc since August 2019. This addition marks a milestone for flyExclusive, known as one of the world’s largest operators of Cessna Aircraft Company Citations. The company’s impressive fleet includes a variety of Citation models, making it a formidable player in the private aviation sector.
As of November 2023, flyExclusive holds the distinction of being the fifth-largest private jet operator in the United States by flying hours, trailing only behind industry giants such as NetJets Aviation, Vista Global/XOJET Aviation, Flexjet, and Wheels Up. This ranking underscores the company’s significant impact on the private aviation market and its commitment to delivering exceptional service to its customers.
In a separate development, flyExclusive informed the US Securities and Exchange Commission (SEC) of a delay in filing its financial results for calendar 2023 and the fourth quarter. Citing the need for additional time to finalize its financial statements, the company, which went public on the New York Stock Exchange in December via a special purpose acquisition vehicle, has projected a new filing deadline of on or before April 16, 2024. This announcement came through a Form 12-25b filing by interim CFO Billy Barnard, highlighting the complexities involved in accounting for a rapidly expanding enterprise like flyExclusive.
This strategic expansion and operational update from flyExclusive illustrate the company’s ambitious growth trajectory and its dedication to maintaining transparency with its investors and clients, further solidifying its standing in the competitive landscape of luxury private aviation.
