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flyExclusive Reaffirms Strategic Priorities and Provides Update on Pending Jet.AI Transaction

FLYXJTAI
  • flyExclusive reaffirmed its 2026 strategic priorities including improving profitability, strengthening the balance sheet, increasing aircraft utilization, & creating long-term shareholder value.
  • The company reported flying over 7,000 hours last month, marking the highest utilization in its history.
  • At the reconvened Special Meeting of Jet.AI stockholders on June 24, 2026, 688,285 shares (48.4% of outstanding) voted in favor of the merger.
  • Approximately 99% of votes cast supported the transaction, with only 22,500 additional affirmative votes needed to reach the required majority of 710,861 shares.
  • The Special Meeting was adjourned & will reconvene on July 2, 2026, to allow remaining stockholders time to submit votes.
  • Institutional Shareholder Services (ISS) & Glass, Lewis & Co. both recommended that Jet.AI stockholders vote for the transaction.
  • The Merger Agreement remains in full force with no changes to terms, structure, or economics while both companies work toward satisfying remaining closing conditions.
  • flyExclusive will provide a further update following the July 2, 2026 reconvened meeting.