Finance, Taxes, Insurance
FlyExclusive Signs On to Jetquity Residual Value Program
Jetquity will provide $350 million in residual value guarantees for flyExclusive's fleet
FlyExclusive CJ3+ (Photo: FlyExclusive)
FlyExclusive continues to line up funding to evolve its fractional business.

Jetquity reached an agreement with flyExclusive to provide residual value guarantees for more than $350 million of the fractional ownership provider's Cessna Citation CJ3/CJ3+ business jets, along with additions such as the CJ3 Gen 2.

FlyExclusive CEO Jim Segrave said the collaboration with Jetquity "ensures that fractional owners can invest in our aircraft with confidence, knowing that their investments are protected. We believe it will further strengthen our position" in the market.