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Creatd, Inc. to Acquire Air Charter Advisors in $3-$6 Million Stock Deal, Further Strengthening Its Aviation Portfolio Following the $8.3 Million Flyte Acquisition
Globenewswireยท 2025-04-22 13:30
Core Insights - Creatd, Inc. has signed a Letter of Intent to acquire Air Charter Advisors, Inc., enhancing its position in the aviation sector [1][4] - The acquisition is valued between $3 million and $6 million and is expected to close within 60 days, following due diligence [4][8] - This move follows Creatd's recent acquisition of Flyte for $8.3 million, indicating a strategic focus on consolidating aviation assets [1] Company Overview - Air Charter Advisors specializes in private jet charter, aircraft management, and consulting, with a strong reputation for safety and premium service [6] - Flyte, a subsidiary of Creatd, offers regional and international private flight services and is focused on a shared services model to support high-growth operators [7] - Creatd, Inc. is a publicly traded investment firm that acquires and grows founder-led companies in aviation, media, and advisory services [9] Strategic Integration - The acquisition will allow Flyte to expand its customer base and diversify service offerings while maintaining Air Charter Advisors as an independent entity [2][3] - Air Charter Advisors will benefit from Flyte's shared services infrastructure, including finance, compliance, IT, and AI-powered optimization tools [3][5] - The deal is part of a broader strategy by Creatd to integrate aviation companies with complementary capabilities, aiming to create a comprehensive aviation network [5]