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NEWS
Jet.AI Commences Pre-Sales of Cessna Citation CJ4 Gen2 Fractional Jet Ownership Program
Thursday, 12th December at 8:30 am
LAS VEGAS, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, announced the commencement of pre-sales for fractional ownership interests in its upcoming Cessna Citation CJ4 Gen2 aircraft. This development follows the Company's initial order with Textron Aviation Inc. for CJ4 aircraft on November 22, 2024.
Jet.AI Founder and Executive Chairman Mike Winston stated: "For years customers and prospects have asked us to offer a larger airframe and a national footprint; finally, that day has come. The CJ4 has outstanding range and cabin amenities along with a fifteen-year track record of exceptional reliability. Production lead times at all private jet manufacturers are a year or more, and have been that way for four or five years now. Fractional customers who want interests in new planes have largely come to accept the same delivery cadence as whole aircraft buyers. The sale of the jet in advance of its actual delivery has favorable financial characteristics and is consistent with our philosophy that the traveler should own the plane (and get the write-off), instead of the operator."
Thursday, 12th December at 8:30 am
LAS VEGAS, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, announced the commencement of pre-sales for fractional ownership interests in its upcoming Cessna Citation CJ4 Gen2 aircraft. This development follows the Company's initial order with Textron Aviation Inc. for CJ4 aircraft on November 22, 2024.
Jet.AI Founder and Executive Chairman Mike Winston stated: "For years customers and prospects have asked us to offer a larger airframe and a national footprint; finally, that day has come. The CJ4 has outstanding range and cabin amenities along with a fifteen-year track record of exceptional reliability. Production lead times at all private jet manufacturers are a year or more, and have been that way for four or five years now. Fractional customers who want interests in new planes have largely come to accept the same delivery cadence as whole aircraft buyers. The sale of the jet in advance of its actual delivery has favorable financial characteristics and is consistent with our philosophy that the traveler should own the plane (and get the write-off), instead of the operator."
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