“Summer Fun 2023” benefits include reduced Peak
Days, discounted short-notice premiums and a $100,000 flight credit
for new fractional members
flyExclusive, a leading provider of premium private jet charter
experiences, today announced expanded features to its award-winning
Jet Club and fractional program that will allow members to benefit
from increased savings and flexibility.
The program enhancements, which are valid through Labor Day,
advance flyExclusive’s commitment to offering an unrivaled,
best-in-class customer experience focused on safety, comfort and
convenience.
“Innovation is at the core of our business—from our booking
tools to the inflight experience,” said Tommy Sowers, President of
flyExclusive. “Our new Jet Club and fractional offering streamlines
the customer experience so that our members can get where they need
to be this summer with fewer limitations. We know every minute
matters, and we will continue upending private aviation with this
philosophy at the center."
Features of the “Summer Fun 2023” offering include:
- Fewer High Demand/Peak Days: No blackout days – 365 days
of guaranteed availability.
- Reduced Short-Notice Premiums: As much as 50% savings on
trips with 24-hours notice.
- Savings for Deal Days Members: Fly for 10% less on the
majority of Tuesdays, Wednesdays and Saturdays.
- Up to $100,000 free flight credit: Fractional members
benefit from being part of one of the only programs without a
monthly management fee.
- Reduced, fixed and capped pricing: 24-month reduced
pricing and fixed pricing for 12 months for Jet Club members. The
larger your deposit, the more you save.
- A full listing of program benefits is included at the end of
this release.
Today’s announcement is the latest in a series of efforts
designed to grow the company’s fractional program and its Jet Club.
In March, flyExclusive unveiled a platinum-level membership for 100
members that included no Peak Day premiums and no membership
fees.
“We’re constantly evaluating our Jet Club and fractional program
to ensure we’re addressing the needs of our customers and exceeding
their expectations,” said Brad Blettner, Chief Revenue Officer of
flyExclusive. “Our latest promotion was designed to give our
customers more control over every aspect of their experience—from
when they fly to how much they pay. As we enter the busy summer
travel season, we’re thrilled to be raising the bar on what a
luxury private jet experience can be.”
In 2022, the Robb Report named flyExclusive’s Jet Club the best
in the ranking program’s Jet Cards and Memberships category. The
award recognizes elite brands, products and experiences that stand
out in the luxury industry.
To learn more about flyExclusive’s Jet Club and Fractional
programs, please contact jetclub@flyexclusive.com or
fractional@flyexclusive.com.
Here are the full details of the Summer Fun 2023 Program:
The number of High Demand/Peak Days reduced by 22%; premiums
reduced by as much as 50%
- 35 High-Demand and Peak Days, reduced from 45
- Reduced call out fees and no blackout days – 365 days of
guaranteed availability
- Example savings—21% savings on a 1.5-hour Peak Day light jet
flight on the $100K program
Short-Notice Premiums Reduced by as much as 50%
- Example savings—21% savings on a 1.5-hour 24-hour notice trip
on a midsize on the $100K program
Deal Days members get 10%-off savings during 38% of the
calendar year (139 days)
- The majority of Tuesdays, Wednesdays and Saturdays now
classified as Deal Days
- On Deal Days, members fly for 10% less than their normal
price
Flexible Schedule Days – flexibility now saves our members
5%
- Members can select the day they want to travel with guaranteed
availability
- The day prior to travel, flyExclusive sets the time of
departure between 8 am and 8 pm
- Flexibility means member flies at a 5% discount from their
normal price
Special Event Premiums to be Limited to Special Event
Areas
- Special Event premiums added only to those traveling to the
Special Event area (Masters, Kentucky Derby, NCAA Championships
(basketball and football), Super Bowl) in the days prior to and
after each event.
- Removes premiums for members traveling on those days, but not
traveling to Special Event area
Additional Fractional Member Enhancements:
- Limited offer of up to $100,000 free flight credit
- Expanded MSA with first hour on international flight waived
with a low fixed fee beyond
- One of the only fractional programs without a monthly
management fee
Additional Jet Club Member Enhancements:
- New 24-month program with reduced pricing (light jets -2%, mid
jets -2%, super-mid -12%)
- Fixed prices for 12 months, eliminating fuel variability and
surcharges
- Capped super-mid flights; cross-country charges capped at 4.5
hours with savings up to 31%
- Now offered at $100K, $200K and $400K levels. The larger your
deposit, the more you save.
Limited time offer
- Available now through Labor Day to all new and current
members
- Current members may take advantage of new program with minimum
additional funding of $100K
All members receive:
- The highest safety—a top 5% operator with ARGUS Platinum,
Wyvern Wingman safety certification
- On-fleet certainty—99.9% of member flights on-fleet (last six
months); our fleet, pilots, maintenance
- On-time departure—93% depart within 60 minutes of scheduled
departure in the last six months
- An elevated experience—82% of our 95 aircraft with newly
refurbished interiors and paint
About flyExclusive
flyExclusive is a vertically-integrated, FAA regulated operator
of private jet experiences offering customers on-demand charter,
Jet Club, and fractional jet services to destinations across the
globe. As one of the world’s largest operators of Cessna Citation
aircraft, flyExclusive owns a floating fleet of more than 90 light
to heavy jets. The company manages all aspects of the customer
experience, ensuring that every flight is on a modern, comfortable
and safe aircraft. flyExclusive’s in-house Maintenance, Repair and
Overhaul services, including paint, interiors, and avionics
capabilities, are provided from its campus headquarters in Kinston,
North Carolina. To learn more, visit www.flyexclusive.com.
Additional Information
EG Acquisition Corp. (“EG”) filed a preliminary proxy statement
(the “Preliminary Proxy Statement”) with the Securities and
Exchange Commission (the “SEC”) on May 5, 2023 in connection with
EG’s proposed acquisition (the “Business Combination”) of LGM
Enterprises, LLC (“LGM”) pursuant to the equity purchase agreement,
dated as of October 17, 2022, by and among EG, LGM and other
parties (the “Equity Purchase Agreement”), and EG will mail the
definitive proxy statement and other relevant documents to its
stockholders. This communication does not contain all the
information that should be considered concerning the Business
Combination. It is not intended to provide the basis for any
investment decision or any other decision in respect to the
proposed Business Combination. EG’s stockholders and other
interested persons are advised to read the Preliminary Proxy
Statement, any amendments thereto, and, when available, the
definitive proxy statement in connection with EG’s solicitation of
proxies for the special meeting to be held to approve the Business
Combination as these materials will contain important information
about flyExclusive and EG and the proposed Business Combination.
The definitive proxy statement will be mailed to the stockholders
of EG as of a record date to be established for voting on the
Business Combination. Such stockholders will also be able to obtain
copies of the definitive proxy statement, without charge, once
available, at the SEC’s website at http://www.sec.gov.
Participants in the Solicitation
EG, EG Sponsor LLC and their respective directors, executive
officers, other members of management, and employees, under SEC
rules, may be deemed to be participants in the solicitation of
proxies of EG’s stockholders in connection with the Business
Combination. Investors and security holders may obtain more
detailed information regarding the names and interests in the
Business Combination of EG’s directors and officers in EG’s filings
with the SEC, including EG’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2022, which was filed with the SEC
on April 13, 2023, and the Preliminary Proxy Statement.
Stockholders can obtain copies of EG’s filings with the SEC,
without charge, at the SEC’s website at www.sec.gov.
flyExclusive and its directors and executive officers may also
be deemed to be participants in the solicitation of proxies from
EG’s stockholders in connection with the Business Combination. A
list of the names of such directors and executive officers and
information regarding their interests in the Business Combination
can be found in the Preliminary Proxy Statement.
No Offer or Solicitation
This communication is for informational purposes only and is
neither an offer to purchase, nor a solicitation of an offer to
sell, subscribe for or buy any securities or the solicitation of
any vote in any jurisdiction pursuant to the Business Combination
or otherwise, nor shall there be any sale, issuance or transfer of
securities in any jurisdiction in contravention of applicable law.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended, and otherwise in accordance with
applicable law.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws with respect to
the proposed transaction between flyExclusive and EG. 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. 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. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document, including but not
limited to: (i) the risk that the transaction may not be completed
in a timely manner or at all, which may adversely affect the price
of EG’s securities, (ii) the risk that the transaction may not be
completed by EG’s business combination deadline and the potential
failure to obtain an extension of the business combination deadline
if sought by EG, (iii) the failure to satisfy the conditions to the
consummation of the transaction, including the approval by the
shareholders of EG and the receipt of certain governmental and
regulatory approvals, (iv) the lack of a third party valuation in
determining whether or not to pursue the transaction, (v) the
occurrence of any event, change or other circumstance that could
give rise to the termination of the Equity Purchase Agreement, (vi)
the effect of the announcement or pendency of the transaction on
flyExclusive’s business relationships, operating results and
business generally, (vii) risks that the proposed transaction
disrupts current plans and operations of flyExclusive and potential
difficulties in flyExclusive employee retention as a result of the
transaction, (viii) the outcome of any legal proceedings that may
be instituted against flyExclusive or against EG related to the
Equity Purchase Agreement or the transaction, (ix) the ability to
maintain the listing of the EG’s securities on a national
securities exchange, (x) the price of EG’s securities may be
volatile due to a variety of factors, including changes in the
competitive and highly regulated industries in which EG plans to
operate or flyExclusive operates, variations in operating
performance across competitors, changes in laws and regulations
affecting EG’s or flyExclusive’s business and changes in the
combined capital structure, (xi) the ability to implement business
plans, forecasts, and other expectations after the completion of
the proposed transaction, and identify and realize additional
opportunities, and (xii) the risk of downturns and a changing
regulatory landscape in the highly competitive aviation industry.
The foregoing list of factors is not exhaustive. You should
carefully consider the foregoing factors and the other risks and
uncertainties described in the “Risk Factors” section of EG’s
registration on Form S-1, the Preliminary Proxy Statement that was
filed as discussed above and other documents filed by EG from time
to time with the SEC. 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. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and flyExclusive and
EG assume no obligation and do not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. flyExclusive nor EG gives any
assurance that either flyExclusive or EG or the combined company
will achieve its expectations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230620219210/en/
Media: Jillian Wilson, Marketing Specialist
media@flyexclusive.com
Investor Relations: Sloan Bohlen, Solebury Strategic
Communications investors@flyexclusive.com
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