Fly Alliance is undergoing a significant leadership transition and a new institutional investment and banking partnership, marking the beginning of a new chapter as the company celebrates its seventh anniversary.

Christopher Tasca has assumed the role of chief executive officer following a management buyout of the company. Co-founder Kevin Wargo will transition to Fly Alliance's advisory board, where he will continue to provide strategic guidance and industry expertise.

The leadership transition coincides with the completion of a significant institutional investment that strengthens Fly Alliance's balance sheet and provides the financial foundation for the company's next phase of growth.

The new capital will support continued investment across Fly Alliance's core business units, including private charter, aircraft management, maintenance, aircraft sales, aircraft parts and ownership solutions. The company also plans to grow its managed aircraft fleet, enhance operational infrastructure, expand technology initiatives and continue strengthening its vertically integrated aviation platform.

Since its founding in 2019, Fly Alliance has grown into the 14th-largest private jet operator in the US based on combined charter and fractional flight hours, recording 25.6 per cent year-over-year growth from 2024 to 2025.

The company currently operates 25 aircraft on its charter certificate, including nine large-cabin Gulfstream jets and a comparable number of Cessna Citation XLS and Sovereign aircraft, with roughly a half dozen more expected to join the fleet in the coming months.

“Seven years ago, we founded Fly Alliance with a vision to build a private aviation company defined by exceptional service, uncompromising safety and a relentless commitment to doing things the right way,” comments Christopher Tasca, chief executive officer of Fly Alliance. “Today, we are stronger than ever. With new institutional investment, strategic financial partnerships and an incredibly talented team, we are exceptionally well positioned to execute our long-term vision while continuing to deliver an unmatched experience for our customers, aircraft owners and partners.”

Fly Alliance also reaffirmed its commitment to expanding its international footprint while continuing to strengthen domestic operations throughout the US. The company will continue supporting strategic initiatives in San Marino, India and the Middle East while maintaining the high standards of service and operational excellence that have become synonymous with the Fly Alliance brand.

“Our focus remains on disciplined execution, operational excellence and creating long-term value,” Tasca adds. “We will continue investing in our people, our technology, our fleet and our culture to ensure Fly Alliance remains one of the most innovative and financially sound companies in private aviation.”

Kevin Wargo, co-founder of Fly Alliance, will remain actively involved as a member of the advisory board.

“Kevin's vision and leadership was instrumental in building the strong foundation Fly Alliance enjoys today,” Tasca continues. “We are grateful for his countless contributions over the past seven years and look forward to continuing to benefit from his experience as we enter this exciting new phase.”

As Fly Alliance enters its eighth year, the company remains focused on sustainable growth, operational excellence, and delivering comprehensive aviation solutions through its expanding portfolio of services.