- Business
- Jet.AI Inc. (NASDAQ: JTAIZ) develops and operates AI-powered platforms for private aviation and transitions to a pure-play AI data center company. The company offers CharterGPT, a consumer-facing mobile app using natural language processing for private jet bookings; Ava, an agentic AI model for real-time aircraft availability, pricing, and guidance via phone or text; the Jet.AI Operator platform, a B2B suite including Reroute AI for empty leg optimization and dynamic pricing, DynoFlight for carbon emission tracking, offsetting, and NBAA compliance with FL3XX integration, fleet positioning intelligence, jet card management, and crew scheduling; FlightClub API enabling FAA Part 135 operators to sell seats under Part 380; and aviation services such as jet cards with empty leg benefits, fractional ownership, on-fleet charters, aircraft management, and brokerage primarily involving Cirrus, HondaJet, and Textron aircraft. Founded in 2018 and headquartered in Las Vegas, Nevada, with additional operations in San Francisco, California, Jet.AI serves FAA Part 135 charter providers, private jet operators, and high-net-worth travelers across the United States. In February 2025, Jet.AI entered a definitive agreement for flyExclusive Inc. to acquire its aviation business in an all-stock transaction via a spin-off into a new entity (SpinCo), enabling Jet.AI to focus exclusively on AI software and data centers; the deal, expected to close in Q2 2025 pending financing including a $50 million term sheet with Hexstone Capital, regulatory approvals, and shareholder vote, values the aviation assets at $12-22 million based on net cash. Recent advancements include the Q4 2024 launch of CharterGPT Version 2 with enhanced voice interaction, DynoFlight V2, AI-powered Jet Card, non-recourse debt for a Bombardier Challenger 3500 purchase, a financial investment in AIIA Sponsor Ltd. for AI Infrastructure Acquisition Corp. SPAC targeting data centers and machine learning firms, and the second milestone of a Canadian hyperscale data center project with Consensus Core Technologies Inc.