Latest news with #CessnaCitation
Business Wire
a day ago
- Business
- Business Wire
flyExclusive Releases Shares of Class A Common Stock and Warrants from Lock-Up Agreement
KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) ('flyExclusive' or the 'Company'), a leading provider of premium private jet experiences, today announced it has executed a waiver letter (the 'Waiver Letter'), effective immediately, to waive the lock-up of 5,625,000 shares of the Company's Class A common stock and warrants to purchase 4,333,333 shares of the Company's Class A common stock owned by EG Sponsor LLC ('EG Sponsor') and its affiliates (excluding those shares attributable to the former independent directors of EG Acquisition Corp., which were only subject to a one-year lock-up that has now expired). The lock-up has already been in effect for over 18 months since the closing of the Company's merger with EG Acquisition Corp. on December 27, 2023, and was set to expire on December 27, 2026. The Company notified EG of its desire to remove the lock-up on EG Sponsor's Class A Common stock and warrants, to which EG Sponsor agreed, as the Company believes it positions flyExclusive to be included in the Russell Indices, which is expected to benefit its shareholders through increased volume and liquidity and support the Company's capital raising efforts. Brad Garner, Chief Financial Officer of flyExclusive, said 'EG Sponsor and its affiliates have been, and will continue to be, outstanding financial and strategic partners to flyExclusive. Since entering the public markets, we have grown the business in a disciplined and thoughtful way, and we look forward to expanding our shareholder base through future inclusion in the Russell Indexes.' About flyExclusive flyExclusive is a vertically integrated, FAA-certificated air carrier providing private jet experiences by offering customers a choice of on-demand charter, Jet Club, and fractional ownership services to destinations across the globe. flyExclusive has one of the world's largest fleets of Cessna Citation aircraft, and it operates a combined total of approximately 100 jets, ranging from light to large cabin sizes. The company manages all aspects of the customer experience, ensuring that every flight is on a modern, comfortable, and safe aircraft. flyExclusive's in-house repair station, aircraft paint, cabin interior renovation, and avionics installation capabilities, are all provided from its campus headquarters in Kinston, North Carolina. To learn more, visit Cautionary Statement Regarding Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the federal securities laws. 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. 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. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: the ability to be included in the 2025 Russell Indices; if included, inclusion in the 2025 Russell Indices might not provide increased liquidity or volume in the Company's Class A common stock or provide the Company with greater access to capital; management of growth; the ability of the Company to file timely file its required annual and quarterly reports with the SEC; the ability of the Company to maintain compliance with NYSE American continued listing standards and maintain the listing of the Company's securities on a national securities exchange; the ability of the Company to comply with covenants under and repay its debt; the potential dilution of stock ownership by our capital raising efforts; the outcome of any legal proceedings; volatility of the price of the Company's securities due to a variety of factors, including publication of articles about the Company by third parties, changes in the competitive and highly regulated industries in which flyExclusive operates, variations in operating performance across competitors, changes in laws and regulations affecting flyExclusive's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; and the risk of downturns and a changing regulatory landscape in the highly competitive aviation industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of flyExclusive's Annual Report on Form 10-K for the year ended December 31, 2024 and other documents filed by the Company from time to time with the SEC. 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. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company does not give any assurance that it will achieve its expectations.
Yahoo
15-07-2025
- Business
- Yahoo
flyExclusive Achieves ARGUS Platinum Safety Rating
KINSTON, N.C., July 15, 2025--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) ("flyExclusive" or the "Company"), a leading provider of premium private jet experiences, today announced it has once again earned the prestigious ARGUS Platinum rating—one of the highest recognitions in private aviation—reinforcing the company's unwavering commitment to safety, reliability and procedural excellence across its operations. flyExclusive has satisfied ARGUS rating requirements every year since 2015, completing all required audits over that period. flyExclusive's retained Platinum status confirms the company's top tier safety protocols across its Safety Management System, Emergency Response Plan, organizational controls, operating procedures, training and maintenance programs. "At flyExclusive, safety isn't just our top priority — it's the foundation of how we operate," said Matthew Lesmeister, Chief Operating Officer. "Our top tier safety certifications through ARGUS, Wyvern, and IS-BAO, reflect our relentless commitment to a culture of safety, risk management, and operational excellence across every part of the business — for our customers, our crews, and our entire team." The ARGUS Platinum safety certification is awarded by ARGUS International after a comprehensive evaluation of safety culture, risk management, and regulatory compliance. About flyExclusive flyExclusive is a vertically integrated, FAA-certificated air carrier providing private jet experiences by offering customers a choice of on-demand charter, Jet Club, and fractional ownership services to destinations across the globe. flyExclusive has one of the world's largest fleets of Cessna Citation aircraft, and it operates a combined total of approximately 100 jets, ranging from light to large cabin sizes. The company manages all aspects of the customer experience, ensuring that every flight is on a modern, comfortable, and safe aircraft. flyExclusive's in-house repair station, aircraft paint, cabin interior renovation, and avionics installation capabilities, are all provided from its campus headquarters in Kinston, North Carolina. To learn more, visit View source version on Contacts Media: Jillian Wilson, Marketing Specialistmedia@ Investor Relations: Sloan Bohlen, Solebury Strategic Communicationsinvestors@ Sign in to access your portfolio
Business Wire
15-07-2025
- Business
- Business Wire
flyExclusive Achieves ARGUS Platinum Safety Rating
KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) ('flyExclusive' or the 'Company'), a leading provider of premium private jet experiences, today announced it has once again earned the prestigious ARGUS Platinum rating—one of the highest recognitions in private aviation—reinforcing the company's unwavering commitment to safety, reliability and procedural excellence across its operations. flyExclusive has satisfied ARGUS rating requirements every year since 2015, completing all required audits over that period. flyExclusive's retained Platinum status confirms the company's top tier safety protocols across its Safety Management System, Emergency Response Plan, organizational controls, operating procedures, training and maintenance programs. 'At flyExclusive, safety isn't just our top priority — it's the foundation of how we operate,' said Matthew Lesmeister, Chief Operating Officer. 'Our top tier safety certifications through ARGUS, Wyvern, and IS-BAO, reflect our relentless commitment to a culture of safety, risk management, and operational excellence across every part of the business — for our customers, our crews, and our entire team.' The ARGUS Platinum safety certification is awarded by ARGUS International after a comprehensive evaluation of safety culture, risk management, and regulatory compliance. About flyExclusive flyExclusive is a vertically integrated, FAA-certificated air carrier providing private jet experiences by offering customers a choice of on-demand charter, Jet Club, and fractional ownership services to destinations across the globe. flyExclusive has one of the world's largest fleets of Cessna Citation aircraft, and it operates a combined total of approximately 100 jets, ranging from light to large cabin sizes. The company manages all aspects of the customer experience, ensuring that every flight is on a modern, comfortable, and safe aircraft. flyExclusive's in-house repair station, aircraft paint, cabin interior renovation, and avionics installation capabilities, are all provided from its campus headquarters in Kinston, North Carolina. To learn more, visit
National Post
01-07-2025
- Business
- National Post
Gogo Galileo HDX Coming to Cessna Citation Jet Models
Article content WICHITA, Kan. — Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, today announced Gogo Galileo HDX will be available for aftermarket installation on Cessna Citation jets after Federal Aviation Administration (FAA) Supplemental Type Certification (STC) expected in late 2025. The global Low Earth Orbit (LEO) solution allows customers to enjoy one of the best possible in-flight connectivity and aviation experiences, no matter where their journey takes them. Article content By offering Gogo Galileo HDX as an aftermarket upgrade, the Textron Aviation support team is ensuring customers benefit from a global connectivity solution that delivers reliable performance. The system, which is purpose-built for business aviation, consists of two Line Replaceable Units (LRUs), a fuselage-mounted HDX antenna and the AVANCE technology router which minimizes installation downtime. Article content 'Our customers expect to stay connected and productive while in the air and integrating the Gogo Galileo HDX system ensures they have access to high-speed internet in-flight,' said Brian Rohloff, senior vice president, Global Customer Support. 'This advanced connectivity solution underscores our commitment to providing our customers with cutting-edge technology that enhances their flying experience.' Article content For jets, Textron Aviation's supplemental type certificates are expected to include the Cessna Citation X+, X, Sovereign+, Sovereign, Latitude, XLS Gen2, XLS+, XLS, Excel, CJ4 Gen2, CJ4, CJ3+, CJ3, CJ2+, CJ2, M2 Gen2, M2, CJ1+, and CJ1. Article content Gogo Galileo HDX will be available for installation at domestic Textron Aviation Service Centers following STC approval by the Federal Aviation Administration (FAA) with European Aviation Safety Agency (EASA) type certification and Transport Canada Civil Aviation (TCCA) type certification to follow at a later date. For more information regarding Textron Aviation connectivity upgrades available today, visit Article content About Textron Aviation service Article content Textron Aviation, through its Beechcraft and Cessna brands, is renowned for its unrivaled global service network dedicated to complete life-cycle support. In addition to its expansive company-owned footprint, Textron Aviation's jet and turboprop customers have access to a global network of more than 300 authorized service facilities. Textron Aviation also offers a mobile support program featuring more than 40 mobile service units and on-site service technicians and support. Find additional information about Textron Aviation's service programs at Article content About Textron Aviation Article content We inspire the journey of flight. For more than 95 years, Textron Aviation Inc., a Textron Inc. company, has empowered our collective talent across the Beechcraft, Cessna and Hawker brands to design and deliver the best aviation experience for our customers. With a range that includes everything from business jets, turboprops, and high-performance pistons, to special mission, military trainer and defense products, Textron Aviation has the most versatile and comprehensive aviation product portfolio in the world and a workforce that has produced more than half of all general aviation aircraft worldwide. Customers in more than 170 countries rely on our legendary performance, reliability and versatility, along with our trusted global customer service network, for affordable and flexible flight. Article content About Textron Inc. Article content Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, and Textron Systems. For more information, visit: Article content Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Article content Article content Article content Article content Article content Contacts Article content Media Contact: Article content Article content Hailey Tucker Article content Article content Article content
Associated Press
01-07-2025
- Business
- Associated Press
Gogo Galileo HDX Coming to Cessna Citation Jet Models
WICHITA, Kan.--(BUSINESS WIRE)--Jul 1, 2025-- Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, today announced Gogo Galileo HDX will be available for aftermarket installation on Cessna Citation jets after Federal Aviation Administration (FAA) Supplemental Type Certification (STC) expected in late 2025. The global Low Earth Orbit (LEO) solution allows customers to enjoy one of the best possible in-flight connectivity and aviation experiences, no matter where their journey takes them. This press release features multimedia. View the full release here: Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, today announced Gogo Galileo HDX will be available for aftermarket installation on Cessna Citation jets after Federal Aviation Administration (FAA) Supplemental Type Certification (STC) expected in late 2025. (Photo: Textron Aviation) By offering Gogo Galileo HDX as an aftermarket upgrade, the Textron Aviation support team is ensuring customers benefit from a global connectivity solution that delivers reliable performance. The system, which is purpose-built for business aviation, consists of two Line Replaceable Units (LRUs), a fuselage-mounted HDX antenna and the AVANCE technology router which minimizes installation downtime. 'Our customers expect to stay connected and productive while in the air and integrating the Gogo Galileo HDX system ensures they have access to high-speed internet in-flight,' said Brian Rohloff, senior vice president, Global Customer Support. 'This advanced connectivity solution underscores our commitment to providing our customers with cutting-edge technology that enhances their flying experience.' For jets, Textron Aviation's supplemental type certificates are expected to include the Cessna Citation X+, X, Sovereign+, Sovereign, Latitude, XLS Gen2, XLS+, XLS, Excel, CJ4 Gen2, CJ4, CJ3+, CJ3, CJ2+, CJ2, M2 Gen2, M2, CJ1+, and CJ1. Gogo Galileo HDX will be available for installation at domestic Textron Aviation Service Centers following STC approval by the Federal Aviation Administration (FAA) with European Aviation Safety Agency (EASA) type certification and Transport Canada Civil Aviation (TCCA) type certification to follow at a later date. For more information regarding Textron Aviation connectivity upgrades available today, visit About Textron Aviation service Textron Aviation, through its Beechcraft and Cessna brands, is renowned for its unrivaled global service network dedicated to complete life-cycle support. In addition to its expansive company-owned footprint, Textron Aviation's jet and turboprop customers have access to a global network of more than 300 authorized service facilities. Textron Aviation also offers a mobile support program featuring more than 40 mobile service units and on-site service technicians and support. Find additional information about Textron Aviation's service programs at About Textron Aviation We inspire the journey of flight. For more than 95 years, Textron Aviation Inc., a Textron Inc. company, has empowered our collective talent across the Beechcraft, Cessna and Hawker brands to design and deliver the best aviation experience for our customers. With a range that includes everything from business jets, turboprops, and high-performance pistons, to special mission, military trainer and defense products, Textron Aviation has the most versatile and comprehensive aviation product portfolio in the world and a workforce that has produced more than half of all general aviation aircraft worldwide. Customers in more than 170 countries rely on our legendary performance, reliability and versatility, along with our trusted global customer service network, for affordable and flexible flight. For more information, visit | | About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, and Textron Systems. For more information, visit: Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. View source version on CONTACT: Media Contact: Hailey Tucker +1.316.881.2684 [email protected] KEYWORD: UNITED STATES NORTH AMERICA KANSAS INDUSTRY KEYWORD: TRANSPORTATION AEROSPACE TECHNOLOGY MANUFACTURING TRAVEL PUBLIC TRANSPORT AIR TRANSPORT SOFTWARE INTERNET MOBILE/WIRELESS SOURCE: Textron Inc. Copyright Business Wire 2025. PUB: 07/01/2025 11:00 AM/DISC: 07/01/2025 11:00 AM
