Jet.AI Inc

Earnings data Q3 2023

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Jet.AI, Inc. engages in the provision of a business-to-business software platform for SaaS products and private aviation services. It operates under the Software and Aviation segments. The Software segment includes B2C CharterGPT app and the B2B Jet.AI operator platform. The Aviation segment includes jet aircraft fractions, jet card, on-fleet charter, management, and buyer’s brokerage. The company was founded by Michael D. Winston on June 4, 2018 and is headquartered in Las Vegas, NV.

Text or Call “Ava” at +1-888-492-4538 LAS VEGAS, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, announced the launch of its cutting-edge agentic AI model, “Ava,” who books private jets. Customers can now conveniently book private jets by calling or texting +1-888-492-4538, where the AI provides real-time aircraft availability, transparent pricing, and expert guidance to help users select the perfect jet for their journey.

Jet.AI Launches "Ava" Agentic AI Model for Private Jet Booking

LAS VEGAS, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, announced it has officially received notice from the Nasdaq Stock Market LLC (“Nasdaq”) confirming it has regained compliance with both the $2.5 million minimum stockholders' equity requirement as set forth in Nasdaq Listing Rule 5550(b)(1) (the “Equity Rule”) and the minimum bid price requirement as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”), as required by the Nasdaq Hearing Panel's (“Panel”) decision dated August 14, 2024. No further deficiencies remain outstanding.

Jet.AI Formally Regains Compliance with Nasdaq Stockholders' Equity Requirement and Minimum Bid Price Requirement

LAS VEGAS, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc., an innovative private aviation and artificial intelligence company, announced a fleet purchase agreement with Textron Aviation Inc. for the purchase of three Cessna Citation CJ4 Gen2 aircraft.

Jet.AI Signs Agreement on Cessna Citation CJ4 Gen2 Fleet Order from Textron Aviation for Fractional Program

LAS VEGAS, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Jet.AI (the “Company”) (Nasdaq: JTAI), an innovative private aviation and artificial intelligence (“AI”) company, today announced financial results for the third quarter ended September 30, 2024.

Jet.AI Reports Third Quarter 2024 Financial Results

LAS VEGAS, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, announced today that its board of directors has approved a share repurchase program authorizing the Company to repurchase up to $2 million of its common stock through December 31st, 2025.

Jet.AI's Board of Directors Authorizes $2 Million Share Repurchase Program and Withdrawal of S-1 Registration Statement

LAS VEGAS, NV, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (Nasdaq: JTAI) (the “Company”), today announced that the Company has determined to effect a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-225. The reverse stock split is expected to take effect before markets open on Tuesday, November 12, 2024. The Company's common stock will continue to be traded on the Nasdaq Capital Market under the symbol JTAI and will begin trading on a split-adjusted basis when the market opens on Tuesday, November 12, 2024. The new CUSIP number for the Company's common stock following the reverse stock split will be 47714H308.

UPDATED: Jet.AI Inc. Announces Reverse Stock Split

LAS VEGAS, NV, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (Nasdaq: JTAI) (the “Company”), today announced that the Company has determined to effect a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-225. The reverse stock split is expected to take effect before markets open on Tuesday, November 12, 2024. The Company's common stock will continue to be traded on the Nasdaq Capital Market under the symbol JTAI and will begin trading on a split-adjusted basis when the market opens on Tuesday, November 12, 2024. The new CUSIP number for the Company's common stock following the reverse stock split will be 47714H308.

Jet.AI Inc. Announces Reverse Stock Split

LAS VEGAS, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, announced it will participate in Corporate Jet Investor Miami 2024 (“CJI Miami”) on November 11-13, 2024, at the Fontainebleau Miami Beach. Company Founder and Executive Chairman Mike Winston is scheduled to be a speaker at the event.

Jet.AI to Participate in Corporate Jet Investor Miami 2024

LAS VEGAS, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase approximately 15.6 million shares of common stock in a registered direct offering at a purchase price of $0.096 per share. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.5 million before deducting the placement agent's fees and other estimated offering expenses payable by the Company. The offering is expected to close on or about October 21, 2024, subject to the satisfaction of customary closing conditions.

Jet.AI Announces Pricing of $1.5 Million Registered Direct Offering

Las Vegas, NV, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, today announced significant advancements in its AI-driven software offerings — CharterGPT and Reroute AI. The new features are in their final QA cycles before release, set to debut at the 2024 NBAA Business Aviation Convention & Exhibition, with rollouts planned from now through November 2024.

Jet.AI Set to Push the Boundaries of Aviation Technology with Enhanced AI Capabilities

LAS VEGAS, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase approximately 26.6 million shares of common stock in a registered direct offering at a purchase price of $0.09 per share. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $2.4 million before deducting the placement agent's fees and other estimated offering expenses payable by the Company. The offering is expected to close on or about October 11, 2024, subject to the satisfaction of customary closing conditions.

Jet.AI Announces Pricing of $2.4 Million Registered Direct Offering

LAS VEGAS, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, announced today that it will be participating in the 2024 NBAA Business Aviation Convention & Exhibition (“NBAA-BACE”) on October 22-24, 2024 at the Las Vegas Convention Center in Las Vegas, Nevada.

Jet.AI to Participate in the 2024 NBAA Business Aviation Convention & Exhibition on October 22-24, 2024

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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 Opens New JetLeg.AI app to Beta Testers

LAS VEGAS, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, announced updates around its proprietary technology stack, CharterGPT, DynoFlight, and Reroute AI.

Jet.AI Provides Encouraging Updates Around its Software Solutions

LAS VEGAS, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, announced its entry with Continental Stock Transfer & Trust Company on August 21, 2024 into: (i) the 2021 Warrant Agreement Amendment, which governs the terms and conditions of the Company's redeemable warrants to purchase shares of Company common stock, par value $0.0001 per share (the “common stock”), which warrants trade on The Nasdaq Capital Market under the symbol “JTAIW” (the “redeemable warrants”), and the Company's private placement warrants to purchase shares of common stock (the “private placement warrants”); and (ii) the 2023 Warrant Agreement Amendment, which governs the terms and conditions of the Company's merger consideration warrants to purchase shares of common stock, which warrants trade on The Nasdaq Capital Market under the symbol “JTAIZ” (the “merger consideration warrants”; together with the redeemable warrants and the private placement warrants, the “warrants”).

Jet.AI Announces Entry Into Warrant Amendments After Successful Warrant Exchange Offer and Consent Solicitation

LAS VEGAS, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Jet.AI (the “Company”) (Nasdaq: JTAI), an innovative private aviation and artificial intelligence (“AI”) company, today announced financial results for the second quarter ended June 30, 2024.

Jet.AI Reports Second Quarter 2024 Financial Results

LAS VEGAS, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence (“AI”) company, announced the launch of its all-new DynoFlight 2.0 platform, a revolutionary web-based solution that redefines aviation carbon management. Completely rebuilt and filled with cutting-edge AI technology, DynoFlight delivers powerful tools designed to allow users to (1) sync fleet data with FL3XX with the touch of a button (2) visualize emission levels, (3) interrogate its AI in natural language about individual (or fleetwide) aircraft emissions (4) pay to remediate those carbon emissions (5) and track and comply with NBAA sustainable flight department standards. Book your Demo today: https://get.dynoflight.com/demo

Jet.AI Unveils Advanced AI Technology DynoFlight Platform

LAS VEGAS, June 27, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence (“AI”) company, today announced the commencement of an exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding (i) redeemable warrants to purchase shares of Company common stock, par value $0.0001 per share (the “common stock”), which warrants trade on The Nasdaq Capital Market under the symbol “JTAIW” (the “redeemable warrants”), (ii) merger consideration warrants to purchase shares of common stock, which warrants trade on the Nasdaq Capital Market under the symbol “JTAIZ” (the “merger consideration warrants”), and (iii) private placement warrants to purchase shares of common stock (the “private placement warrants” and, together with the redeemable warrants, and public warrants, the “warrants”). The purpose of the Offer and Consent Solicitation is to simplify the Company's capital structure and reduce the potential dilutive impact of the warrants.

Jet.AI Announces Commencement of Exchange Offer and Consent Solicitation Relating to Warrants

LAS VEGAS, June 12, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence (“AI”) company, today announced that Jet Card holders are expected to benefit from a new source of private jet inventory.

Jet.AI Announces AI-Powered Jet Card with Empty Leg Benefit

LAS VEGAS, June 04, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence (“AI”) company, announced the arrangement of non-binding, non-recourse, debt financing related to the proposed purchase of Bombardier Challenger 3500 aircraft valued at approximately US$280 million based on today's list prices. The debt financing arrangement, in conjunction with the previously announced Ionic Ventures LLC financing, positions the Company well to execute on its long planned fleet order in management's view.

Jet.AI Announces Non-Recourse Debt Financing for Proposed Fleet Deal

LAS VEGAS, May 31, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence (“AI”) company, will be presenting at Maxim Group's Virtual TMT Conference on Tuesday, June 4, 2024 at 1:30 p.m. Eastern time.

Jet.AI to Present at the Maxim Group Virtual TMT Conference on Tuesday, June 4, 2024

LAS VEGAS, May 16, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (the “Company”) (Nasdaq: JTAI), an innovative private aviation and artificial intelligence (“AI”) company, today announced a correction to its press release originally issued on May 15, 2024, reporting its financial results for the first quarter ended March 31, 2024.

Correction Notice of First Quarter 2024 Financial Results Press Release

LAS VEGAS, May 15, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (the “Company”) (Nasdaq: JTAI), an innovative private aviation and artificial intelligence (“AI”) company, today announced financial results for the first quarter ended March 31, 2024.

Jet.AI Reports First Quarter 2024 Financial Results

LAS VEGAS, May 08, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence (“AI”) company, today announced it has officially launched its national jet card program.

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