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Fractional Ownership

BAN's World Gazetteer

North Carolina
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flyExclusive gains investment from ETG FE
The nearly $26m will be used to accelerate flyExclusive's fractional programme growth.

flyExclusive has agreed funding of up to $25.8 million for the continued evolution of the company's fractional aircraft programme. The publicly-traded company has a two-year revolving credit facility with ETG FE, an investment vehicle managed by EnTrust Global.

"We believe this facility is a strong vote of confidence in flyExclusive's strategy and continued initiatives to increase growth and profitability," says founder and CEO Jim Segrave. "We look forward to the continued partnership with ETG FE and EnTrust Global, and believe this facility marks an important milestone in our journey to provide customers with the highest level of comfort, safety and quality."

In December 2023, flyExclusive completed its business combination with EG Acquisition Corp, sponsored by EnTrust Global and GMF Capital, and October 2023 it secured a $30 million investment from the state of North Carolina to fund a new headquarters and pilot training centre.

As bottlenecks within the industry have increased, flyExclusive prioritises vertical integration throughout its operations to minimise industry challenges.

Other News
flyExclusive gains parts manufacturing certification
April 19, 2024
The certification expands flyExclusive’s MRO services on third party aircraft while furthering its vertically-integrated strategy.
FlyExclusive and Bluetail put heads together on records
April 15, 2024
flyExclusive adds Inspirato to member benefits
April 12, 2024
flyExclusive and Jet Club members will gain access to Inspirato luxury travel experiences without paying its membership fee, while Inspirato members will get a six-month complimentary Jet Club membership.
flyExclusive adds first Challenger 350 to fractional fleet
March 11, 2024
MRO veteran Creech named SVP for flyExclusive
January 27, 2024
flyExclusive has heavily invested in its MRO operation, bringing maintenance in house. Charlie Creech will lead operations at its facility at the Global TransPark in Kinston, North Carolina.
flyExclusive and EG Acquisition Corp close combination
January 3, 2024