DiamondLake Minerals and FlyJetr, a Miami, Florida-headquartered private jet charter startup, have entered into several agreements to launch the DLMI Private Aviation Division.

As part of this partnership, the companies will mint a hybrid token, a digital asset that combines features of both utility and security tokens, offering holders unique benefits and access. This token will be offered under specific regulatory exemptions designed to streamline compliance and ensure a secure, efficient process for participants.

The strategic goal of this collaboration is to leverage FlyJetr's expertise in private aviation to enhance DiamondLake's service offerings, providing clients with exclusive access to luxury travel solutions. By integrating tokenisation into the private aviation sector, DiamondLake and FlyJetr aim to revolutionise how private jets are acquired, financed, managed and booked, making this elite industry more accessible and transparent for a broader range of investors and clients.

Offering a new financial ownership structure allows a much more efficient equity structure, bringing more value to token holders in real time. By eliminating middlemen along with their excessive fees, efficiencies are maximised and value is created.

“It is with great excitement and enthusiasm we partner with FlyJetr and its exceptional brand, leadership and credibility in the private aviation and jet chartering industry. We know together we will bring something entirely new to this fascinating industry and revolutionise how private jets are acquired, financed, managed and booked,” confirms Brian J. Esposito, CEO of DiamondLake. “When I set out on this vision at DiamondLake back in 2023, it was to legally, ethically and properly, through tokenisation, bring incredible businesses and real-world assets to the 99 per centers who were never invited into, nor had access to be part of. We have come an incredibly long way, and we are still only just getting started. We intend to continue to do this across multiple industries utilising our unique strategy.

“DiamondLake and this new division are privileged to have advisory board member and real estate mogul Mr. Brandon Fugul, assist on the Private Aviation team. He and his brother Cameron Fugal own and operate Aero Dynamic Jets. The only Utah County registered FAA Part 135 charter company based at Provo. Their astounding experience due to decades in the industry will add substantial support, experience, insight and additional access into this elite world,” continued Esposito.

The Private Aviation Division will purchase up to 10 large sized business jets, specifically the Gulfstream 450, with transatlantic capabilities that make the world a much smaller place.

“Throughout my entire professional career my goals have been to work hard, create incredible companies, work with exceptional people from around the globe and properly service the industries I have been honoured to be part of or create. Nothing gives me more satisfaction than giving our world class and iconic clients the best experience possible. Now with our partnership with DiamondLake, we not only open this up to an entirely new generation of wealth, but together, we become the first to properly offer tokenisation to an industry in a way that has never been seen before, utilising unrealised value,” adds Evan Kaye, FlyJetr chairman. “Working with Mr. Esposito and his entire team has been a remarkable experience thus far. I know what we are bringing to the market will have a tremendous positive impact on the entire private aviation industry, not only elevating passenger experience to an entirely new level, but giving people who never dreamed they would have anything to do with a private jet the chance to participate.”

FlyJetr has made an investment in the form of a Convertible Debenture into Diamond Lake Minerals as the parties seek to launch the new division.