Latest news with #flyExclusive
Business Wire
a day ago
- Business
- Business Wire
flyExclusive Releases Shares of Class A Common Stock and Warrants from Lock-Up Agreement
KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) ('flyExclusive' or the 'Company'), a leading provider of premium private jet experiences, today announced it has executed a waiver letter (the 'Waiver Letter'), effective immediately, to waive the lock-up of 5,625,000 shares of the Company's Class A common stock and warrants to purchase 4,333,333 shares of the Company's Class A common stock owned by EG Sponsor LLC ('EG Sponsor') and its affiliates (excluding those shares attributable to the former independent directors of EG Acquisition Corp., which were only subject to a one-year lock-up that has now expired). The lock-up has already been in effect for over 18 months since the closing of the Company's merger with EG Acquisition Corp. on December 27, 2023, and was set to expire on December 27, 2026. The Company notified EG of its desire to remove the lock-up on EG Sponsor's Class A Common stock and warrants, to which EG Sponsor agreed, as the Company believes it positions flyExclusive to be included in the Russell Indices, which is expected to benefit its shareholders through increased volume and liquidity and support the Company's capital raising efforts. Brad Garner, Chief Financial Officer of flyExclusive, said 'EG Sponsor and its affiliates have been, and will continue to be, outstanding financial and strategic partners to flyExclusive. Since entering the public markets, we have grown the business in a disciplined and thoughtful way, and we look forward to expanding our shareholder base through future inclusion in the Russell Indexes.' About flyExclusive flyExclusive is a vertically integrated, FAA-certificated air carrier providing private jet experiences by offering customers a choice of on-demand charter, Jet Club, and fractional ownership services to destinations across the globe. flyExclusive has one of the world's largest fleets of Cessna Citation aircraft, and it operates a combined total of approximately 100 jets, ranging from light to large cabin sizes. The company manages all aspects of the customer experience, ensuring that every flight is on a modern, comfortable, and safe aircraft. flyExclusive's in-house repair station, aircraft paint, cabin interior renovation, and avionics installation capabilities, are all provided from its campus headquarters in Kinston, North Carolina. To learn more, visit Cautionary Statement Regarding Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: the ability to be included in the 2025 Russell Indices; if included, inclusion in the 2025 Russell Indices might not provide increased liquidity or volume in the Company's Class A common stock or provide the Company with greater access to capital; management of growth; the ability of the Company to file timely file its required annual and quarterly reports with the SEC; the ability of the Company to maintain compliance with NYSE American continued listing standards and maintain the listing of the Company's securities on a national securities exchange; the ability of the Company to comply with covenants under and repay its debt; the potential dilution of stock ownership by our capital raising efforts; the outcome of any legal proceedings; volatility of the price of the Company's securities due to a variety of factors, including publication of articles about the Company by third parties, changes in the competitive and highly regulated industries in which flyExclusive operates, variations in operating performance across competitors, changes in laws and regulations affecting flyExclusive's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; and the risk of downturns and a changing regulatory landscape in the highly competitive aviation industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of flyExclusive's Annual Report on Form 10-K for the year ended December 31, 2024 and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company does not give any assurance that it will achieve its expectations.
Yahoo
17-07-2025
- Business
- Yahoo
FlyExclusive (FLYX) Attains ARGUS Platinum Safety Rating On Robust Safety Culture
flyExclusive, Inc. (NYSE:FLYX) is one of the best airline stocks to buy according to hedge funds. On July 15, the private jet service provider confirmed it has maintained its ARGUS Platinum safety rating. The citation is awarded following evaluation of safety culture, risk management, and regulatory compliance. The company has consistently maintained high recognition in private aviation since 2015 by completing all required audits and inspections. The status highlights the company's adherence to safety protocols across organizational controls, operating procedures, training, and maintenance programs. 'At flyExclusive, safety isn't just our top priority – it's the foundation of how we operate,' said Matthew Lesmeister, Chief Operating Officer. flyExclusive, Inc.'s (NYSE:FLYX) competitive edge stems from operating a vertically integrated, FAA-certified air carrier. It provides private jet services through on-demand charter, Jet Club, and fractional ownership options. Its fleet boasts 100 jets, consisting of Cessna Citation aircraft with light to large cabin sizes. While we acknowledge the potential of FLYX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Goldman Sachs REIT Stocks: Top 12 Stock Picks and Goldman Sachs Healthcare Stocks: Top 10 Stock Picks. Disclosure: None. This article is originally published at Insider Monkey.
Globe and Mail
15-07-2025
- Business
- Globe and Mail
flyExclusive Achieves ARGUS Platinum Safety Rating
flyExclusive, Inc. (NYSEAMERICAN: FLYX) ('flyExclusive' or the 'Company'), a leading provider of premium private jet experiences, today announced it has once again earned the prestigious ARGUS Platinum rating—one of the highest recognitions in private aviation—reinforcing the company's unwavering commitment to safety, reliability and procedural excellence across its operations. flyExclusive has satisfied ARGUS rating requirements every year since 2015, completing all required audits over that period. flyExclusive's retained Platinum status confirms the company's top tier safety protocols across its Safety Management System, Emergency Response Plan, organizational controls, operating procedures, training and maintenance programs. 'At flyExclusive, safety isn't just our top priority — it's the foundation of how we operate,' said Matthew Lesmeister, Chief Operating Officer. 'Our top tier safety certifications through ARGUS, Wyvern, and IS-BAO, reflect our relentless commitment to a culture of safety, risk management, and operational excellence across every part of the business — for our customers, our crews, and our entire team.' The ARGUS Platinum safety certification is awarded by ARGUS International after a comprehensive evaluation of safety culture, risk management, and regulatory compliance. About flyExclusive flyExclusive is a vertically integrated, FAA-certificated air carrier providing private jet experiences by offering customers a choice of on-demand charter, Jet Club, and fractional ownership services to destinations across the globe. flyExclusive has one of the world's largest fleets of Cessna Citation aircraft, and it operates a combined total of approximately 100 jets, ranging from light to large cabin sizes. The company manages all aspects of the customer experience, ensuring that every flight is on a modern, comfortable, and safe aircraft. flyExclusive's in-house repair station, aircraft paint, cabin interior renovation, and avionics installation capabilities, are all provided from its campus headquarters in Kinston, North Carolina. To learn more, visit
Yahoo
15-07-2025
- Business
- Yahoo
flyExclusive Achieves ARGUS Platinum Safety Rating
KINSTON, N.C., July 15, 2025--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) ("flyExclusive" or the "Company"), a leading provider of premium private jet experiences, today announced it has once again earned the prestigious ARGUS Platinum rating—one of the highest recognitions in private aviation—reinforcing the company's unwavering commitment to safety, reliability and procedural excellence across its operations. flyExclusive has satisfied ARGUS rating requirements every year since 2015, completing all required audits over that period. flyExclusive's retained Platinum status confirms the company's top tier safety protocols across its Safety Management System, Emergency Response Plan, organizational controls, operating procedures, training and maintenance programs. "At flyExclusive, safety isn't just our top priority — it's the foundation of how we operate," said Matthew Lesmeister, Chief Operating Officer. "Our top tier safety certifications through ARGUS, Wyvern, and IS-BAO, reflect our relentless commitment to a culture of safety, risk management, and operational excellence across every part of the business — for our customers, our crews, and our entire team." The ARGUS Platinum safety certification is awarded by ARGUS International after a comprehensive evaluation of safety culture, risk management, and regulatory compliance. About flyExclusive flyExclusive is a vertically integrated, FAA-certificated air carrier providing private jet experiences by offering customers a choice of on-demand charter, Jet Club, and fractional ownership services to destinations across the globe. flyExclusive has one of the world's largest fleets of Cessna Citation aircraft, and it operates a combined total of approximately 100 jets, ranging from light to large cabin sizes. The company manages all aspects of the customer experience, ensuring that every flight is on a modern, comfortable, and safe aircraft. flyExclusive's in-house repair station, aircraft paint, cabin interior renovation, and avionics installation capabilities, are all provided from its campus headquarters in Kinston, North Carolina. To learn more, visit View source version on Contacts Media: Jillian Wilson, Marketing Specialistmedia@ Investor Relations: Sloan Bohlen, Solebury Strategic Communicationsinvestors@ Sign in to access your portfolio
Business Wire
15-07-2025
- Business
- Business Wire
flyExclusive Achieves ARGUS Platinum Safety Rating
KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) ('flyExclusive' or the 'Company'), a leading provider of premium private jet experiences, today announced it has once again earned the prestigious ARGUS Platinum rating—one of the highest recognitions in private aviation—reinforcing the company's unwavering commitment to safety, reliability and procedural excellence across its operations. flyExclusive has satisfied ARGUS rating requirements every year since 2015, completing all required audits over that period. flyExclusive's retained Platinum status confirms the company's top tier safety protocols across its Safety Management System, Emergency Response Plan, organizational controls, operating procedures, training and maintenance programs. 'At flyExclusive, safety isn't just our top priority — it's the foundation of how we operate,' said Matthew Lesmeister, Chief Operating Officer. 'Our top tier safety certifications through ARGUS, Wyvern, and IS-BAO, reflect our relentless commitment to a culture of safety, risk management, and operational excellence across every part of the business — for our customers, our crews, and our entire team.' The ARGUS Platinum safety certification is awarded by ARGUS International after a comprehensive evaluation of safety culture, risk management, and regulatory compliance. About flyExclusive flyExclusive is a vertically integrated, FAA-certificated air carrier providing private jet experiences by offering customers a choice of on-demand charter, Jet Club, and fractional ownership services to destinations across the globe. flyExclusive has one of the world's largest fleets of Cessna Citation aircraft, and it operates a combined total of approximately 100 jets, ranging from light to large cabin sizes. The company manages all aspects of the customer experience, ensuring that every flight is on a modern, comfortable, and safe aircraft. flyExclusive's in-house repair station, aircraft paint, cabin interior renovation, and avionics installation capabilities, are all provided from its campus headquarters in Kinston, North Carolina. To learn more, visit
