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Creatd's Flyte AI-Driven Platform Advances New Empty Legs Offering
Prism Media Wire· 2025-08-06 13:32
Core Insights - Creatd's aviation subsidiary, Flyte, has launched a new offering called Empty Legs, which provides pre-scheduled one-way flights at significantly reduced rates, aiming to monetize aircraft repositioning and lower costs for consumers [3][5] - The Empty Legs program offers discounts of up to 90% compared to traditional charter rates, targeting first-time private flyers and cost-conscious corporate travelers [5][7] - The initiative is expected to generate high-margin revenue and provide valuable data insights for future scheduled services, particularly for Vision Jet routes [6][10] Pricing and Revenue Model - Flyte's Empty Legs program allows the conversion of unavoidable repositioning expenses into a profitable revenue stream, with minimal variable costs [5] - Each booking serves as a data point for real-world demand, guiding the development of future ticket-based services [6][10] Market Strategy - Flyte is collaborating with a select group of Part 135 operators to enhance route coverage without increasing fleet capital, leveraging operational data to inform service rollout [8][9] - The program aims to refine pricing algorithms and deepen partnerships with operators, facilitating the launch of scheduled Vision Jet shuttles [10] Customer Experience - Passengers using the Empty Legs service will enjoy private-terminal access, expedited boarding, and amenities comparable to full-fare charters [9] - The inventory for Empty Legs is searchable in real-time via Flyte's web app, maximizing seat absorption and data capture [9]
Creatd’s Flyte AI-Driven Platform Advances New Empty Legs Offering
Globenewswire· 2025-08-06 13:30
Core Insights - Creatd, Inc.'s aviation subsidiary, Flyte, has launched a new offering called Empty Legs, which monetizes aircraft repositioning and significantly reduces costs for consumers seeking private and regional air travel [1][2] - The Empty Legs program offers itineraries at discounts of up to 90% compared to traditional charter rates, targeting first-time private flyers and cost-conscious corporate travelers [2][4] - The initiative is expected to generate high-margin revenue while providing valuable data insights to guide future service expansions and pricing strategies [3][5] Company Strategy - Flyte's CEO, Jeremy Frommer, emphasized that the Empty Legs program serves as both a discounted flight option and a data engine to inform the development of scheduled, ticket-based services [3] - The company is collaborating with a curated group of Part 135 operators to enhance route coverage without increasing fleet capital, leveraging operational data to refine pricing algorithms and accelerate the launch of Vision Jet shuttles [3][5] - Flyte aims to make regional private aviation more predictable, affordable, and scalable, aligning with modern transportation networks [5] Customer Experience - Passengers using the Empty Legs service will enjoy private-terminal access, expedited boarding, and amenities comparable to full-fare charters, enhancing the overall travel experience [4] - The inventory for Empty Legs is searchable in real-time via Flyte's web app and distributed through select broker channels to maximize seat absorption and data capture [4][7] Market Positioning - The Vision Jet's low operating costs and short-field performance are highlighted as key advantages for high-frequency regional service, allowing Flyte to scale capacity rapidly while maintaining low balance-sheet leverage [4] - The strategic partnerships with operator fleets are designed to expand capacity while preserving an asset-light business model, which is expected to appeal to both travelers and investors [7]
Creatd's Flyte Introduces Jet Card Membership Program, Featuring Cryptocurrency Payment Option
Prism Media Wire· 2025-07-21 13:32
Core Insights - Creatd, Inc.'s aviation subsidiary, Flyte, has launched the Flyte Jet Card, a premium loyalty program aimed at enhancing the private aviation experience for frequent flyers [3][5] - The program offers guaranteed jet access, fixed hourly rates, and no hidden fees, catering to high-frequency travelers [5][6] - Flyte Jet Card introduces Bitcoin as a payment option, showcasing the company's commitment to financial flexibility and innovation [3][6] Company Strategy - The launch of the Flyte Jet Card aligns with Creatd's broader strategy to expand its digital asset infrastructure and build a long-term Bitcoin treasury position [3][6][7] - The program is designed to meet the needs of clients who prioritize reliability, efficiency, and luxury in their travel experiences [7] - Flyte aims to position itself at the intersection of convenience, technology, and financial innovation, appealing to high-net-worth individuals [7] Company Overview - Creatd, Inc. focuses on investments and operations across various sectors, including technology, media, aviation, advertising, and consumer markets [8] - Flyte, as an air mobility company, is redefining private air travel through AI-powered infrastructure and user-centered design [9]
Creatd’s Flyte Introduces Jet Card Membership Program, Featuring Cryptocurrency Payment Option
Globenewswire· 2025-07-21 13:30
Core Insights - Creatd, Inc. has launched the Flyte Jet Card, a premium loyalty program aimed at enhancing the private aviation experience for frequent flyers [1][4] - The program offers guaranteed aircraft availability, fixed hourly pricing, and complementary services, catering to high-frequency travelers [2][6] - Flyte Jet Card accepts Bitcoin as a payment method, positioning Flyte as a leader in private aviation that embraces cryptocurrency [3][6] Company Overview - Creatd, Inc. operates across various sectors including technology, media, aviation, advertising, and consumer markets, focusing on small-cap companies to drive growth [5] - Flyte, Inc. is redefining private air travel through AI-powered infrastructure and user-centered design, offering services like Flyte Hops and Flyte Luxe [6]
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
Globenewswire· 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]
Creatd Subsidiary Flyte Launches AI-Powered Travel Booking Platform
Globenewswire· 2025-04-17 13:30
Core Insights - Creatd's subsidiary Flyte has launched an AI-powered platform for private travel, featuring two live offerings: Flyte Luxe and Flyte Hops, with a third, Flyte Escapes, expected soon [1][2] - The launch is part of Creatd's strategy to acquire and scale high-potential businesses through centralized infrastructure in finance, compliance, logistics, and technology [2][3] - Flyte aims to enhance the booking experience using AI for real-time pricing and personalized recommendations, while automating operational workflows to streamline the traditionally labor-intensive private air travel process [2][4] Company Overview - Flyte is positioned as a modern air mobility company, integrating technology and operational efficiency to serve both travelers and providers [2][3] - The platform is designed to eliminate friction in the booking process and is equipped with centralized systems and shared services, making it attractive for boutique private brokerages [3][4] - Flyte operates Flyte Luxe, a premium global charter service, and Flyte Hops, a regional air taxi service, with plans to launch Flyte Escapes, a luxury travel experience [6] Technological Integration - Flyte is described as a full-stack operational engine, transforming the private flight booking process and the overall industry operations [4] - The platform is currently available as a progressive web app on iOS and Android, with native mobile apps set to launch in the next quarter [4] - Flyte Luxe offers premium aircraft access and white-glove service, while Flyte Hops focuses on short-haul efficiency using eco-conscious aircraft [6]