Jet.AI Commences Pre-Sales of Cessna Citation CJ4 Gen2 Fractional Jet Ownership Program
December 12 2024 - 8:30AM
Jet.AI Inc. (“
Jet.AI” or the “
Company”)
(NASDAQ: JTAI), an innovative private aviation and
artificial intelligence company, announced the commencement of
pre-sales for fractional ownership interests in its upcoming Cessna
Citation CJ4 Gen2 aircraft. This development follows the Company’s
initial order with Textron Aviation Inc. for CJ4 aircraft on
November 22, 2024.
Jet.AI Founder and Executive Chairman Mike
Winston stated: “For years customers and prospects have asked us to
offer a larger airframe and a national footprint; finally, that day
has come. The CJ4 has outstanding range and cabin amenities along
with a fifteen-year track record of exceptional reliability.
Production lead times at all private jet manufacturers are a year
or more, and have been that way for four or five years now.
Fractional customers who want interests in new planes have largely
come to accept the same delivery cadence as whole aircraft buyers.
The sale of the jet in advance of its actual delivery has favorable
financial characteristics and is consistent with our philosophy
that the traveler should own the plane (and get the write-off),
instead of the operator.”
Source: Textron Aviation
Source: Textron AviationKey Features of the CJ4
Fractional Ownership Program:
- Nationwide Access:
A nationwide footprint with 48-hour call-out and guaranteed
availability.
- Fly Now: Start
traveling now on the Company’s existing fleet in advance of
delivery of the first new CJ4 in 2Q26.
- Fleet Flexibility:
Owners can interchange across all aircraft types off-fleet,
ensuring the right aircraft for every mission.
- Personalized
Service: The program is designed to deliver an
extraordinary degree of personal attention, tailored to meet the
unique needs of every owner.
- Competitive
Pricing: Offering exceptional value while maintaining the
highest standards of quality and service.
For more information about fractional ownership
opportunities with Jet.AI, please visit https://www.jet.ai or
contact Kienan Franklin at kienan@jet.ai or 303-335-8958.
About Jet.AI
Jet.AI operates in two segments, Software and
Aviation, respectively. The Software segment features the B2C
CharterGPT app and the B2B Jet.AI Operator platform. The CharterGPT
app uses natural language processing and machine learning to
improve the private jet booking experience. The Jet.AI operator
platform offers a suite of standalone software products to enable
FAA Part 135 charter providers to add revenue, maximize efficiency,
and reduce environmental impact. The Aviation segment features jet
aircraft fractions, jet card, on-fleet charter, management, and
buyer’s brokerage. Jet.AI is an official partner of the Las Vegas
Golden Knights, 2023 NHL Stanley Cup® champions. The Company was
founded in 2018 and is based in Las Vegas, Nevada and San
Francisco, California.
Forward-Looking Statements
This press release contains certain statements
that may be deemed to be “forward-looking statements” within the
meaning of the federal securities laws, including the safe harbor
provisions under the Private Securities Litigation Reform Act of
1995, with respect to the products and services offered by Jet.AI
and the markets in which it operates, and Jet.AI’s projected future
results. Statements that are not historical are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking statements relate to future events or our future
performance or future financial condition. These forward-looking
statements are not historical facts, but rather are based on
current expectations, estimates and projections about our Company,
our industry, our beliefs and our assumptions. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions or the negative of these terms or other
similar expressions, but the absence of these words does not mean
that a statement is not forward-looking. Forward-looking statements
are predictions, projections and other statements about future
events that are based on current expectations and assumptions and,
as a result, are subject to risks and uncertainties that could
cause the actual results to differ materially from the expected
results. As a result, caution must be exercised in relying on
forward-looking statements, which speak only as of the date they
were made. Factors that could cause actual results to differ
materially from those expressed or implied in forward-looking
statements can be found in the Company’s most recent Annual Report
on Form 10-K, Registration Statement on Form S-4, filed
June 27, 2024, and amended on July 11, 2024, Registration
Statement on Form S-1, filed and amended on September 3, 2024,
and subsequent reports filed by the Company with the Securities and
Exchange Commission, as such factors may be updated from time to
time in the Company’s periodic filings with the SEC, which are
accessible on the SEC’s website at www.sec.gov. These filings
identify and address other important risks and uncertainties that
could cause actual events and results to differ materially from
those contained in the forward-looking statements.
New risks emerge from time to time. It is not
possible for our management to predict all risks, nor can we assess
the impact of all factors on our business or the extent to which
any factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
statements we may make. In light of these risks, uncertainties, and
assumptions, the forward-looking events and circumstances discussed
in this press release may not occur, and actual results could
differ materially and adversely from those anticipated.
Readers are cautioned not to put undue reliance
on forward-looking statements. Forward-looking statements speak
only as of the date they are made, and Jet.AI assumes no obligation
and does not intend to update or revise these forward-looking
statements, whether because of new information, future events, or
otherwise, except as provided by law.
Contacts:Investor
Relations:Gateway Group,
Inc.+1-949-574-3860Jet.AI@gateway-grp.com
Company:Kienan FranklinVP
Sales+1-303-335-8958kienan@jet.ai
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