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LAS VEGAS, March 27, 2025 (GLOBE NEWSWIRE) -- Jet.AI Inc. (the "Company") (NASDAQ:JTAI), a pure-play artificial intelligence ("AI") data center company operating aviation-specific AI software, today announced financial results for the full year ended December 31, 2024. As of March 25th, 2025, the Company had a cash balance of $12.5 million and no debt. In addition, it held $4.2 million in aircraft-related deposits. Together, these amounts - totaling $16.7 million - are expected to be sufficient to satisfy the minimum cash condition of the proposed transaction with flyExclusive, Inc. ("flyExclusive"). Recent Operational Highlights Announced strategic shift into AI data center investment a
LAS VEGAS, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ:JTAI), an innovative private aviation and artificial intelligence company, today issued a letter to its shareholders highlighting key milestones and recent operational developments reached and its 2025 strategic priorities. From the Founder and Executive Chairman Dear Shareholders, As I sit down to write this letter, I think about what I'd want to hear if I were sitting in your chair. Jet.AI has taken some big steps forward, and we've made a few important course corrections, too. I'm excited about where we're headed, but I'll lay it out simply and plainly - just like I'd want it. What We Are Se
Proposed transaction provides flyExclusive with additional growth capital and will add trading liquidity through incremental equity ownership Business combination transforms Jet.AI into a pure-play AI solutions company KINSTON, NC and LAS VEGAS, NV, Feb. 14, 2025 (GLOBE NEWSWIRE) -- flyExclusive Inc. (NYSE:FLYX), a publicly traded provider of premium jet charter experiences, has entered a definitive agreement to acquire the aviation business of Jet.AI Inc. (NASDAQ:JTAI), an innovative private aviation and artificial intelligence company. flyExclusive will acquire the business in conjunction with Jet.AI's focus on being a pure-play AI solutions company. The transaction will occur follow
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LAS VEGAS, May 08, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ:JTAI), an innovative private aviation and artificial intelligence ("AI") company, today announced it has officially launched its national jet card program. The program offers all categories of private jet for service within the continental U.S., guaranteed rates, guaranteed availability, and a 48-hour call out. Program highlights include an optional escrow, and only 44 peak days (below the industry average of 47). "Building on our successful regional jet card program, we're excited to enter the national market with a new and thoughtfully constructed offering," said Executive Chairman and Interim C
LAS VEGAS, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Jet.AI Inc. (the "Company") (NASDAQ:JTAI), an innovative private aviation and artificial intelligence ("AI") company, today announced that it has begun participating on the Webull Corporate Communications Service Platform. The Jet.AI page on the Webull Platform will provide real-time Company updates, important announcements, and other relevant content such as news, earnings reports, investor presentations, and more. "We are eager to join Webull to enhance transparency and foster a stronger connection with our shareholders," said Jet.AI Founder and Executive Chairman Mike Winston. About Jet.AI:Jet.AI operates in two segments, Software and A
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LAS VEGAS, March 27, 2025 (GLOBE NEWSWIRE) -- Jet.AI Inc. (the "Company") (NASDAQ:JTAI), a pure-play artificial intelligence ("AI") data center company operating aviation-specific AI software, today announced financial results for the full year ended December 31, 2024. As of March 25th, 2025, the Company had a cash balance of $12.5 million and no debt. In addition, it held $4.2 million in aircraft-related deposits. Together, these amounts - totaling $16.7 million - are expected to be sufficient to satisfy the minimum cash condition of the proposed transaction with flyExclusive, Inc. ("flyExclusive"). Recent Operational Highlights Announced strategic shift into AI data center investment a
LAS VEGAS, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Jet.AI (the "Company") (NASDAQ:JTAI), an innovative private aviation and artificial intelligence ("AI") company, today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 and Recent Operational Highlights Authorized $2 million share repurchase program and withdrawal of S-1 registration statementAnnounced reverse stock splitParticipated in Corporate Jet Investor Miami 2024Announced new features and advancements to CharterGPT and Reroute AIParticipated in the 2024 NBAA Business Aviation Convention & ExhibitionOpened new JetLeg.AI app to Beta TestersAnnounced updates around proprietary software s
Increase in total revenues of 105% year-over-year17% point increase in net margin, adjusted for stock option expenseCash and cash equivalents of $2.1 million as of April 1st, unchanged from December 31st, 2023 LAS VEGAS, May 15, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (the "Company") (NASDAQ:JTAI), an innovative private aviation and artificial intelligence ("AI") company, today announced financial results for the first quarter ended March 31, 2024. First Quarter 2024 and Recent Operational Highlights Released the National Jet Card Program using third party aircraftAnnounced partnership with FL3XX to integrate its DynoFlight carbon removal platform making it an easy option for thousands of
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4 - Jet.AI Inc. (0001861622) (Issuer)
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