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Jet.AI Commences Pre-Sales of Cessna Citation CJ4 Gen2 Fractional Jet Ownership Program

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Jet.AI (NASDAQ: JTAI) has launched pre-sales for fractional ownership interests in its upcoming Cessna Citation CJ4 Gen2 aircraft, following its initial order with Textron Aviation on November 22, 2024. The program features nationwide access with 48-hour call-out, guaranteed availability, and immediate travel options on the company's existing fleet while awaiting the first CJ4 delivery in Q2 2026.

The program includes fleet flexibility with inter-aircraft type exchanges, personalized service, and competitive pricing. According to Founder Mike Winston, this expansion addresses customer demands for larger airframes and national coverage, highlighting the CJ4's range, cabin amenities, and reliability record.

Jet.AI (NASDAQ: JTAI) ha lanciato le pre-vendite per frazioni di proprietà del suo prossimo Cessna Citation CJ4 Gen2, dopo aver effettuato un ordine iniziale con Textron Aviation il 22 novembre 2024. Il programma offre accesso nazionale con preavviso di 48 ore, disponibilità garantita e opzioni di viaggio immediate sulla flotta esistente dell'azienda mentre si attende la prima consegna del CJ4 nel secondo trimestre del 2026.

Il programma include flessibilità della flotta con possibilità di scambi tra diversi tipi di aeromobili, servizio personalizzato e prezzi competitivi. Secondo il fondatore Mike Winston, questa espansione risponde alle esigenze dei clienti per aerei di dimensioni maggiori e copertura nazionale, evidenziando l'autonomia, le comodità della cabina e il record di affidabilità del CJ4.

Jet.AI (NASDAQ: JTAI) ha lanzado las preventas para intereses de propiedad fraccionada en su próximo Cessna Citation CJ4 Gen2, tras realizar un pedido inicial con Textron Aviation el 22 de noviembre de 2024. El programa ofrece acceso nacional con un aviso de 48 horas, disponibilidad garantizada y opciones de viaje inmediatas en la flota existente de la compañía mientras se espera la primera entrega del CJ4 en el segundo trimestre de 2026.

El programa incluye flexibilidad de flota con intercambios entre tipos de aeronaves, servicio personalizado y precios competitivos. Según el fundador Mike Winston, esta expansión responde a las demandas de los clientes por fuselajes más grandes y cobertura nacional, destacando el alcance, las comodidades de la cabina y el historial de confiabilidad del CJ4.

Jet.AI (NASDAQ: JTAI)는 2024년 11월 22일 Textron Aviation과의 초기 주문에 이어 다가오는 Cessna Citation CJ4 Gen2 항공기에 대한 분할 소유권 사전 판매를 시작했습니다. 이 프로그램은 48시간 호출 서비스와 함께 전국적인 접근성과 보장된 가용성, 첫 CJ4의 2026년 2분기 인도를 기다리는 동안 회사의 기존 항공기 플리트에서 즉시 여행 옵션을 제공합니다.

이 프로그램은 항공기 간 타입 교환, 개인화된 서비스 및 경쟁력 있는 가격과 함께 플리트 유연성을 포함합니다. 창립자 Mike Winston에 따르면, 이 확장은 고객들의 대형 항공기와 전국적인 커버리지에 대한 요구를 충족하며 CJ4의 비행 거리, 객실 편의 시설 및 신뢰성 기록을 강조합니다.

Jet.AI (NASDAQ: JTAI) a lancé les préventes pour des parts de propriété fractionnée de son prochain Cessna Citation CJ4 Gen2, suite à une commande initiale passée auprès de Textron Aviation le 22 novembre 2024. Le programme propose un accès national avec un préavis de 48 heures, une disponibilité garantie et des options de voyage immédiates sur la flotte existante de l'entreprise en attendant la première livraison du CJ4 au deuxième trimestre 2026.

Le programme inclut une flexibilité de flotte avec des échanges entre différents types d'avions, un service personnalisé et des prix compétitifs. Selon le fondateur Mike Winston, cette expansion répond aux demandes des clients pour des avions de plus grande taille et une couverture nationale, soulignant l'autonomie, le confort de la cabine et le bilan de fiabilité du CJ4.

Jet.AI (NASDAQ: JTAI) hat den Vorverkauf für Anteile an der Bruchteilseigentum seines kommenden Cessna Citation CJ4 Gen2 Flugzeugs gestartet, nachdem am 22. November 2024 eine Erstbestellung bei Textron Aviation aufgegeben wurde. Das Programm bietet landesweiten Zugang mit 48 Stunden Vorankündigung, garantierte Verfügbarkeit und sofortige Reisemöglichkeiten mit der bestehenden Flotte des Unternehmens, während die erste Lieferung des CJ4 im 2. Quartal 2026 erwartet wird.

Das Programm beinhaltet Flottenflexibilität mit Austauschmöglichkeiten zwischen verschiedenen Flugzeugtypen, personalisierten Service und wettbewerbsfähige Preise. Laut dem Gründer Mike Winston adressiert diese Expansion die Kundenanforderungen nach größeren Flugzeugen und landesweiter Abdeckung und hebt die Reichweite, die Kabinenannehmlichkeiten und die Zuverlässigkeitsbilanz des CJ4 hervor.

Positive
  • Expansion into larger aircraft market with CJ4 Gen2
  • Nationwide service coverage expansion
  • Revenue generation starts before aircraft delivery through pre-sales
  • Fleet flexibility offering through aircraft interchange options
Negative
  • Long delivery wait time until Q2 2026 for new aircraft
  • Significant capital investment required for aircraft acquisition

Insights

The launch of CJ4 Gen2 fractional ownership program represents a strategic expansion for Jet.AI into the larger aircraft segment. Pre-selling fractional shares before delivery in 2Q26 is a smart capital management strategy, helping to secure funding and reduce financial risk. The program's nationwide footprint and fleet flexibility could drive revenue growth through both direct sales and interchange fees. However, the extended delivery timeline (2+ years) and current market conditions in private aviation present execution risks. The immediate revenue impact will be until aircraft delivery, though pre-sales deposits could improve near-term cash flow. The tax write-off benefit for owners is a compelling selling point in the high-net-worth market segment.

The CJ4 Gen2 is a strategic choice for Jet.AI's fractional program expansion. With a range of 2,165 nautical miles and seating for up to 10 passengers, it fills a important gap in their fleet offering. The 48-hour call-out guarantee is competitive with industry standards, though slightly longer than some premium providers. The interim solution of allowing customers to fly on existing fleet aircraft before CJ4 delivery helps mitigate the long production lead times typical in the current market. The interchangeability across aircraft types adds significant value proposition, though managing this flexibility will require robust operational infrastructure. The program's success will largely depend on execution and market conditions in 2026.

LAS VEGAS, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (Jet.AI” or the Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, announced the commencement of pre-sales for fractional ownership interests in its upcoming Cessna Citation CJ4 Gen2 aircraft. This development follows the Company’s initial order with Textron Aviation Inc. for CJ4 aircraft on November 22, 2024.

Jet.AI Founder and Executive Chairman Mike Winston stated: “For years customers and prospects have asked us to offer a larger airframe and a national footprint; finally, that day has come. The CJ4 has outstanding range and cabin amenities along with a fifteen-year track record of exceptional reliability. Production lead times at all private jet manufacturers are a year or more, and have been that way for four or five years now. Fractional customers who want interests in new planes have largely come to accept the same delivery cadence as whole aircraft buyers. The sale of the jet in advance of its actual delivery has favorable financial characteristics and is consistent with our philosophy that the traveler should own the plane (and get the write-off), instead of the operator.”

Source: Textron Aviation

Source: Textron Aviation
Key Features of the CJ4 Fractional Ownership Program:

  • Nationwide Access: A nationwide footprint with 48-hour call-out and guaranteed availability.
  • Fly Now: Start traveling now on the Company’s existing fleet in advance of delivery of the first new CJ4 in 2Q26.
  • Fleet Flexibility: Owners can interchange across all aircraft types off-fleet, ensuring the right aircraft for every mission.
  • Personalized Service: The program is designed to deliver an extraordinary degree of personal attention, tailored to meet the unique needs of every owner.
  • Competitive Pricing: Offering exceptional value while maintaining the highest standards of quality and service.

For more information about fractional ownership opportunities with Jet.AI, please visit https://www.jet.ai or contact Kienan Franklin at kienan@jet.ai or 303-335-8958.

About Jet.AI

Jet.AI operates in two segments, Software and Aviation, respectively. The Software segment features the B2C CharterGPT app and the B2B Jet.AI Operator platform. The CharterGPT app uses natural language processing and machine learning to improve the private jet booking experience. The Jet.AI operator platform offers a suite of standalone software products to enable FAA Part 135 charter providers to add revenue, maximize efficiency, and reduce environmental impact. The Aviation segment features jet aircraft fractions, jet card, on-fleet charter, management, and buyer’s brokerage. Jet.AI is an official partner of the Las Vegas Golden Knights, 2023 NHL Stanley Cup® champions. The Company was founded in 2018 and is based in Las Vegas, Nevada and San Francisco, California.

Forward-Looking Statements

This press release contains certain statements that may be deemed to be “forward-looking statements” within the meaning of the federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, with respect to the products and services offered by Jet.AI and the markets in which it operates, and Jet.AI’s projected future results. Statements that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to future events or our future performance or future financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our Company, our industry, our beliefs and our assumptions. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. As a result, caution must be exercised in relying on forward-looking statements, which speak only as of the date they were made. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in the Company’s most recent Annual Report on Form 10-K, Registration Statement on Form S-4, filed June 27, 2024, and amended on July 11, 2024, Registration Statement on Form S-1, filed and amended on September 3, 2024, and subsequent reports filed by the Company with the Securities and Exchange Commission, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the forward-looking events and circumstances discussed in this press release may not occur, and actual results could differ materially and adversely from those anticipated.

Readers are cautioned not to put undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and Jet.AI assumes no obligation and does not intend to update or revise these forward-looking statements, whether because of new information, future events, or otherwise, except as provided by law.

Contacts:
Investor Relations:
Gateway Group, Inc.
+1-949-574-3860
Jet.AI@gateway-grp.com

Company:
Kienan Franklin
VP Sales
+1-303-335-8958
kienan@jet.ai


FAQ

When will Jet.AI (JTAI) deliver its first Cessna Citation CJ4 Gen2 aircraft?

Jet.AI plans to deliver its first Cessna Citation CJ4 Gen2 aircraft in Q2 2026.

What are the key features of Jet.AI's (JTAI) CJ4 fractional ownership program?

The program features nationwide access, 48-hour call-out, guaranteed availability, immediate travel on existing fleet, fleet interchange options, and personalized service.

How can customers fly with Jet.AI (JTAI) before the CJ4 delivery in 2026?

Customers can start flying immediately using Jet.AI's existing fleet while waiting for the CJ4 delivery.

What is the call-out time for Jet.AI's (JTAI) new fractional ownership program?

The program offers a 48-hour call-out time with guaranteed availability nationwide.

Jet.AI Inc.

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