Charter carrier flyExclusive is to acquire the aviation business of artificial intelligence company Jet.AI.
The transaction will occur following Jet.AI’s spin-out of the business into a new company called SpinCo, which will then be acquired by flyExclusive. Jet.AI shareholders will retain their Jet.AI stock and receive new Class A common shares in flyExclusive as part of the transaction.
flyExclusive said the acquisition is a natural for its business, as both companies…
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