Flyexclusive reaches definitive agreement to acquire jet.ai aviation business in an all-stock transaction

Kinston, n.c. & las vegas--(business wire)--flyexclusive inc. (nyse american: flyx), a publicly traded provider of premium jet charter experiences, has entered a definitive agreement to acquire the aviation business of jet.ai inc. (nasdaq: jtai), an innovative private aviation and artificial intelligence company. flyexclusive will acquire the business in conjunction with jet.ai's focus on being a pure-play ai solutions company. the transaction will occur following jet.ai's spin of the business.
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