flyExclusive (JRE, Kinston) has secured shareholder approval for the acquisition of Jet.AI at an adjourned meeting on July 2, with the transaction expected to close on July 7. “With stockholder approval now behind us, we're focused on executing. We continue to modernise our fleet, expand our recurring revenue base, and build one of the largest and most efficient private aviation platforms in North America,” said Jim Segrave, founder, chairman, and CEO of flyExclusive. Under the agreement, Jet.AI shareholders will retain their existing shares while receiving newly issued Class A shares in flyExclusive. The deal was first announced in February 2025.