Summary flyExclusive's rapid growth led to it becoming the fifth-largest private jet operator globally in just five years. In 2023, flyExclusive went public, gaining increased capital, visibility, and credibility in the market. The company's strong foundation, strategic vision, and diverse fleet differentiate it in the competitive private aviation industry.
Becoming a publicly traded company is a significant milestone for any business. It signifies growth, transparency, and the potential for increased capital through public investment. Today, we’re looking at the story of a rapidly growing private aviation company, flyExclusive, and its path to joining the ranks of publicly traded companies.
The history of flyExclusive In 1994, flyExclusive founder Jim Segrave founded Segrave Aviation, spurred by his passion for flying. According to flyExclusive , Segrave flew charter jets, ran airport-based filling stations, and also offered maintenance services. Segrave Aviation grew rapidly, and by 2010, was bought over by Delta AirElite, the charter arm of Delta Air Line s.
Between then and 2012, Segrave served as the President of Delta Private Jets before deciding it was time to take off on a new adventure. “Three years later, the small town of Kinston, North Carolina was greeted with what would quickly become one of the largest operators of Cessna aircraft in the world.” In 2015, Segrave started flyExclusive – a private jet owner and operator, offering charter services – with .