JET.AI schedules shareholder vote on flyExclusive transaction

JET.AI Inc. (NASDAQ: JTAI) announced a special shareholder meeting scheduled for June 11, 2026, to vote on its proposed transaction with flyExclusive, Inc. (NYSE American: FLYX). The company has mailed proxy materials to shareholders of record as of May 8, 2026.

Under the proposed all-stock transaction, JET.AI would divest its aviation operating business, including its fleet of Citation and HondaJet aircraft, to flyExclusive. In exchange, JET.AI shareholders would receive shares of flyExclusive common stock while retaining their existing JET.AI equity as the company transitions to focus on AI infrastructure and cloud services.

The transaction requires approval from a majority of outstanding shares. JET.AI noted that abstaining from voting has the same effect as voting against the proposal. The Securities and Exchange Commission declared flyExclusive's Form S-4 registration statement effective on April 30, 2026, and a definitive proxy statement was filed on May 4, 2026.

"This transaction allows our stockholders to capture equity value in a premier private aviation player while simultaneously retaining their stake in JET.AI as we emerge as a focused AI infrastructure player," said Mike Winston, founder and executive chairman of JET.AI.

Shareholders can vote online, by phone, or by mail using their proxy cards. The company has engaged Laurel Hill Advisory Group as its proxy solicitation agent to assist shareholders with voting questions.

JET.AI describes itself as a technology company focused on artificial intelligence tools and high-performance GPU infrastructure. The proposed transaction would separate its legacy aviation operations from its AI business segment.

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