Core Viewpoint - Jet.AI Inc. has announced a non-binding, non-recourse debt financing arrangement for the purchase of Bombardier Challenger 3500 aircraft valued at approximately US$280 million, which is expected to enhance the company's fleet expansion plans [1][2]. Group 1: Company Developments - The company has successfully placed a $25 million order with HondaJet, and the new $280 million order with Bombardier represents a significant scale increase in its fleet [2]. - Deliveries of the Bombardier aircraft are anticipated to commence in 2026, allowing time for pre-sales and operational preparations [2]. - Jet.AI had previously executed a non-binding letter of intent in December 2022 to acquire five Challenger 3500 jets, with the order upsized for delivery over three years starting in early 2026 [3]. Group 2: Business Segments - Jet.AI operates in two segments: Software and Aviation. The Software segment includes the B2C CharterGPT app and the B2B Jet.AI Operator platform, which enhance the private jet booking experience and provide tools for charter providers [5]. - The Aviation segment encompasses jet aircraft fractions, jet card services, on-fleet charter management, and buyer's brokerage [5]. - The company is an official partner of the Las Vegas Golden Knights, the 2023 NHL Stanley Cup champions, indicating its engagement in high-profile partnerships [5].

LAS VEGAS, June 04, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ: JTAI), an innovative private aviation and artificial intelligence ("AI") company, announced the arrangement of non-binding, non-recourse, debt financing related to the proposed purchase of Bombardier Challenger 3500 aircraft valued at approximately US$280 million based on today's list prices. The debt financing arrangement, in conjunction with the previously announced Ionic Ventures LLC financing, positions the Com ...

LAS VEGAS, May 16, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (the "Company") (Nasdaq: JTAI), an innovative private aviation and artificial intelligence ("AI") company, today announced a correction to its press release originally issued on May 15, 2024, reporting its financial results for the first quarter ended March 31, 2024. In the original press release, the Company stated that it "…raised a $16.5 million convertible preferred from Ionic Ventures LLC." The Company would like to update the statement to reflect ...

Increase in total revenues of 105% year-over-year 17% point increase in net margin, adjusted for stock option expense Cash 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 Releas ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 001-40725 Jet.AI Inc. 10845 Griffith Peak Dr. Suite 200 Las Vegas, NV 89135 (Exact Name of Registrant As Specified In Its Ch ...

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). "B ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Or Jet.AI Inc. (Exact Name of Registrant As Specified In Its Charter) Delaware 93-2971741 State or other jurisdiction of incorporation or organization (I.R.S. Employer Identification No.) 10845 Griffith Peak Dr. Suite 200 Las Vegas, NV 89135 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF TH ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 001-40725 Jet.AI Inc. (Exact Name of Registrant As Specified In Its Charter) 10845 Griffith Peak Dr. Suite 200 Las Vegas ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File No. 001-40725 Jet.AI Inc. (Exact name of registrant as specified in its charter) | Delaware | 93-2971741 | | --- | --- | | ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-40725 OXBRIDGE ACQUISITION CORP. (Exact name of registrant as specified in its charter) | | | (State or other jurisdiction of incorpor ...