FlyExclusive Announces Addition of Fractional Business

Based in Kinston, North Carolina, flyExclusive is the third-largest Part 135 charter operator in the United States. The company operates a fleet of 85 light to heavy jets, including Citation X, Citation Sovereign, Citation Excel/ XLS, Citation CJ3, and Citation Encore aircraft models.

“We continue to innovate in the marketplace with a fully owned and operated fleet and a vertically integrated business model that redefines what it means to fly private,” flyExclusive founder Jim Segrave said in a statement.

“FlyExclusive customers now have it all. They now have the choice of our Jet Club, Fractional, and Partnership programs. With flyExclusive Fractional, private flyers can purchase a fractional share in a brand-new Cessna Citation CJ3+ and unlock a world of possibilities for consistent, world-class private jet experiences on our versatile fleet.”

Textron Aviation’s president and CEO Ron Draper welcomed the deal and celebrated his company's ongoing partnership with flyExclusive in an announcement Wednesday. 

"We appreciate customers like flyExclusive, who see the value in operating a broad range of jets from the Citation family," Draper said in a statement.

"The operating economics of Citations, combined with the global network of service and support available through Textron Aviation, ensures continued productivity and enjoyment throughout the ownership experience."

Segrave said the deal will help his company continue to grow and take advantage of the market’s strong demand for private air transportation. 

"We are proud to continue our relationship with Textron Aviation as we bring the CJ3+ into our esteemed fleet," Segrave said. "The addition of these new CJ3+ aircraft will allow us to expand our capabilities to support our continuing growth as one of the industry's largest private jet charter operators," he said.

FlyExclusive is the second-largest owner-operator of Cessna Citation aircraft in the world. 

Delivery of the new jets is expected to begin in 2023 with five aircraft, and flyExclusive will have an option to purchase additional aircraft for deliveries through 2025. 

In the light jet segment, the single-pilot CJ3+ offers seating for up to nine passengers and can fly a range of 2,040 nm.