Jet.AI Opens New JetLeg.AI app to Beta Testers

Rhea-AI Summary

Jet.AI Inc. (NASDAQ: JTAI) has launched the beta version of JetLeg.AI, a web-based app designed to repurpose empty private flights into cost-effective charters. The app, powered by AI technology, offers trip finding, matching, and personalized suggestions. Beta testers can explore the app's features at https://jetleg.ai/ before it goes live with aircraft operators.

Key features include AI-driven trip recommendations, learning from user behavior, and access to a variety of private jet flights. The app aims to provide significant savings for travelers while generating new revenue for jet operators. Native iOS and Android versions are expected in Q4 2024. JetLeg.AI utilizes Jet.AI's Reroute AI technology to deliver an intuitive and personalized travel experience.

Positive

• Launch of JetLeg.AI beta version, expanding Jet.AI's product offerings
• Potential for new revenue streams from previously unsold flight time
• AI-powered technology for personalized trip recommendations and user experience improvement
• Planned expansion to iOS and Android platforms in Q4 2024

Negative

• Beta version not yet connected to live aircraft operator community
• Full revenue impact uncertain until official launch with operators in Q4

LAS VEGAS, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, invites users to beta test the web version of JetLeg.AI, designed as an iOS/Android app that redirects previously wasted empty private flights into new lower cost charters. The easy-to-use app features AI trip finding, matching, and suggestions. Users may sign up and explore JetLeg.AI’s capabilities in advance of live connectivity to the aircraft operator community at the following site: https://jetleg.ai/, a video demo is separately available here: https://youtu.be/sUW5pj-Vfo4.

Jet.AI Founder and Executive Chairman Mike Winston commented: “Both consumer and operator are better off for using JetLeg.AI. The consumer saves money, and the jet operator gets a completely new source of profitable revenue. The jet operator does not access JetLeg.AI directly but rather sees requests from JetLeg.AI through the operator’s participation in the underlying Reroute AI network, also offered by Jet.AI. The app learns from user actions, continuously improving the recommendations for an even more tailored experience. This new product is consistent with our goal to make the products play off of one another.”

Available on the Web, with native iOS and Android apps coming this fourth quarter, the app is powered by Jet.AI’s Reroute AI technology, delivering an intuitive and personalized travel experience.

AI-Powered Trip Matching and Learning

JetLeg.AI not only uses advanced AI technology to suggest trips based on your preferences, but it also learns from your actions over time. The more you use JetLeg.AI, the smarter it becomes, offering increasingly tailored trip suggestions that match your travel habits, preferences, and needs. Whether travelers are looking for last-minute flights or cost-effective alternatives, JetLeg.AI ensures they have access to the best opportunities, making the booking process better.

Key Features of JetLeg.AI:

• Tailored Trip Suggestions: AI-driven recommendations match travelers' preferences for a personalized and seamless travel experience.
•  Learning from User Behavior: The AI adapts based on your actions, continually refining trip suggestions to better match your travel preferences.
•  Wide Range of Flight Options: Access to a variety of private jet flights that fit individual schedules and destinations. The app uses Jet.AI’s powerful Reroute AI engine.
•  Significant Savings and New Revenue: Enjoy private jet travel at reduced rates while operators enjoy increased demand for previously unsold flight time.
•  User-Friendly Interface: An intuitive interface across Web, iOS, and Android platforms simplifies the booking experience.
  

Be the first to discover your next adventure when the system goes live with operators in Q4 and take advantage of significant savings on private jet travel. Let JetLeg.AI help you find the perfect trip and unlock new experiences in the world of luxury travel.

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:
Gateway Group, Inc.
949-574-3860
Jet.AI@gateway-grp.com

FAQ

What is JetLeg.AI and how does it work for JTAI stock?

JetLeg.AI is a new web-based app by Jet.AI Inc. (NASDAQ: JTAI) that uses AI to repurpose empty private flights into cost-effective charters. It offers personalized trip suggestions and aims to generate new revenue for jet operators while providing savings for travelers.

When will JetLeg.AI be fully operational for Jet.AI (JTAI)?

JetLeg.AI is currently in beta testing. Jet.AI (JTAI) plans to launch the fully operational version, connected to live aircraft operators, in Q4 2024. Native iOS and Android apps are also expected to be released in the same quarter.

How does JetLeg.AI benefit Jet.AI (JTAI) financially?

JetLeg.AI has the potential to create new revenue streams for Jet.AI (JTAI) by monetizing previously unsold flight time. It connects travelers with cost-effective private jet options, potentially increasing demand and utilization of private aviation services.

What AI technology does Jet.AI (JTAI) use in JetLeg.AI?

JetLeg.AI uses Jet.AI's proprietary Reroute AI technology. This AI system provides trip matching, personalized suggestions, and learns from user behavior to continually improve the travel recommendations and user experience.