FlyExclusive Sees Fractional Business Take Off with Cessna Citation CJ3+ | Aviation International News

NBAA-BACE 2023

Charter & Fractional

FlyExclusive Sees Fractional Business Take Off

Three new Citation CJ3+ Jets now flying

FlyExclusive CJ3+ — FlyExclusive was a leader in the flight activity gains in February. © Textron Aviation

By Gregory Polek • Senior Editor

October 18, 2023

Private jet charter and fractional provider FlyExclusive has made its way to Las Vegas for NBAA-BACE two weeks after taking delivery of three new Cessna Citation CJ3+s from Textron Aviation, launching the start of the next phase of the company’s fleet modernization effort. The plan, which FlyExclusive announced last year, included an order for up to 44 new Citations, including up to 30 CJ3+s. The investment plan called for the purchase of up to 14 midsize and super-midsize Citations, including eight XLS Gen2s and six Longitudes. Aircraft in the light, midsize, and super-midsize categories will provide options for FlyExclusive’s fractional customers.

In an interview with AIN, FlyExclusive chairman and CEO Jim Segrave revealed that the company has sold 24 fractional shares in the CJ3+s and expects to sell another five during the show. Expecting to get all SEC approvals to go public by around the Thanksgiving holiday, Segrave and company just filed a proxy statement in connection with an equity purchase agreement with special purpose acquisition company EG Acquisition Corp.

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Cessna Citation 525/CJ Series

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