Filed by EG Acquisition Corp.
Pursuant to Rule 14a-12 under
the Securities Exchange Act of 1934
Subject Company: EG Acquisition Corp.
Commission File No.: 001-40444
flyExclusive Secures Major Funding from State of North Carolina for
New Headquarters and Cutting-Edge Pilot Training Center
State Budget Passes with $30 million for Pilot Training Center
KINSTON, NC (OCTOBER 18, 2023) flyExclusive, a leading provider of premium private jet charter experiences, today announced
that the Global Transpark secured a $30 million investment from the State of North Carolina for a cutting-edge pilot training center and headquarters.
The new facility is designed as a five-story complex containing up to five, full-motion flight simulators, intended to allow the company to train and certify
its own pilots and reduce a lengthy backlog in the nations pilot training pipeline.
The new simulators will occupy 10,000 square-feet across three
stories and five bays. The facility will also include 14,000 square-feet in classrooms and training spaces, a rooftop terrace and a 22,000 square-foot air operations center.
I am often asked why we chose Kinston for our headquarters, Jim Segrave, Founder and CEO of flyExclusive said. First, were perfectly
positioned geographically within a short flight from some of the busiest private aviation destinations in the country. Second, were able to recruit talent from the many nearby military bases to build careers in this great community. Third,
weve received enormous support from the Kinston community, the Global Transpark and the state of North Carolina. We believe this latest investment will bring hundreds of jobs and millions of dollars to the state and community we love.
Were proud to call Kinston and North Carolina home, and Im grateful for our partners in government who share our vision for the future and invest in our success.
The company expects that once the simulators are functional, they will be able to reduce the amount of time new pilot hires must wait for outside training,
giving the company an advantage as it competes for talent in one of the tightest labor markets in the United States.
Todays announcement is the
latest in a series of steps the company has taken to modernize its facilities and grow its fleet.
Yesterday, the company announced it has added the
100th jet to its state-of-the-art fleet.
In 2022, flyExclusive announced an ambitious fleet modernization program that included an order of up to 44 new Textron Aviation aircraft, including up to 30
CJ3+ light aircraft. The total investment plan included the purchase of up to 14 midsize and super-midsize Cessna Citation business jets, including eight XLS Gen2 aircraft and six Longitude aircraft, respectively. Aircraft in light size,
midsize and super-midsize categories will provide options to customers in flyExclusives fractional program.