Jet.AI Commences Pre-Sales of Cessna Citation CJ4 Gen2 Fractional Jet Ownership Program

LAS VEGAS, Dec. 12, 2024 (GLOBE NEWSWIRE) -- 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 Aviation

Key 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 [email protected] 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.

+1-949-574-3860

[email protected]

Company:

Kienan Franklin

VP Sales

+1-303-335-8958

[email protected]