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VTAK Acquires 19.98% Strategic Stake in AI-Enabled Aviation Company Fly Flyte, Inc.
Globenewswire· 2026-02-17 12:45
Core Insights - Catheter Precision, Inc. has made a strategic minority investment in Fly Flyte, Inc., a regional aviation operator, to gain immediate exposure to a revenue-generating, asset-backed business in the air mobility sector [1][10] Investment Overview - The investment allows Catheter Precision to acquire a 19.98% equity ownership in Flyte, providing access to one of the fastest-growing segments of private aviation [7] - Flyte operates under FAA certification and is currently generating revenue with its fleet of Cirrus Vision Jets, which are equipped with advanced safety features [2][8] Strategic Positioning - Flyte is positioned to benefit from the anticipated future commercialization of electric vertical takeoff and landing (eVTOL) aircraft, operating in the same corridors targeted for future electric aircraft integration [5][6] - The company leverages certified aircraft and established infrastructure to generate active revenue and customer engagement, which is crucial for long-term capital investment [6][9] Operational Efficiency - Flyte employs AI-enabled optimization across various operational aspects, including routing, pricing, and dispatch, contributing to a capital-efficient growth model [8] - The company maintains a disciplined approach to expansion, targeting scalable revenue growth while preserving capital efficiency [4][11] Long-Term Value Creation - The investment reflects a broader strategy of Catheter Precision to deploy capital into businesses with scalable infrastructure and clear paths to long-term value creation [10][16] - Flyte's model is designed for disciplined execution and measured growth, positioning it well for the evolving regional air mobility landscape [11]