Jet.AI on Pace to Release Operator Platform and Four Software Features by Year End
2023年9月12日 - 9:00PM
Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ:
JTAI), an innovative private aviation and artificial
intelligence (“AI”) company, today announced it is on track to
deliver four new software features of its Operator Platform,
designed to add revenue for private aircraft charter operators.
Each product will be demonstrated in a webcast for the investment
and broader aviation communities at the time of release. The timing
of each of the four webcast demos will be provided in advance by
the Company.
“We’re on track to release all four software
features of the Operator Platform by year end,” said Mike Winston,
Founder and Executive Chair of Jet.AI. “All four have one thing in
common – they each represent a way for an operator to generate new
revenue. DynoFlight lets an operator earn a profit selling carbon
removal credits; Reroute empowers an operator to dynamically
repurpose empty legs; Flight Club enables by the seat sales; and
Card Management and Billing allows operators to sell jet cards
(i.e., pre-paid blocks of time).”
Jet.AI’s capital light Aviation Division
features five key elements: Jet Aircraft Sales, Jet Card, On-Fleet
Charter, Onboard Program, and Buyer’s Brokerage. Each of these
inform Jet.AI’s advancements on the Software Solutions side of its
business.
With a wide variety of available aircraft, and
interchange capability, Jet.AI works to match the right asset to
the right mission alongside its operating partner, Cirrus Aviation.
Jet.AI sells block of flight hours upfront on the 30 Cirrus
Aviation aircraft (four managed on behalf of Jet.AI), and
recognizes revenue as hours are flown. Aircraft sizes range from
HondaJet Elite to Gulfstream G550. The Jet.AI fleet, composed of
fuel-efficient light jets, is a popular and cost-effective solution
for regional ad-hoc charter missions. Customers can charter Jet.AI
aircraft by the hour, while the Company collects payment and can
then provide a rebate to aircraft owners.
Pending Q4 Software Solutions Webcast
Presentations:
DynoFlight – September
2023 DynoFlight is expected to provide a simple and
credible way to offset emissions from 250 different types of
aircraft in a working capital efficient manner. It is designed to
deliver certificates of high-quality offset credits to customers
and to enable aviation operators to track carbon emissions and to
transact carbon removal credits in small (working capital
efficient) quantities.
Reroute – October
2023 Reroute is expected to transform empty flight legs
into an opportunity to book a new charter by changing and
dynamically allowing charter operators to reprice the legs. The
feature allows an operator to work with its own empty inventory or
to search for published empty legs by partner operators and to
optimize which aircraft to utilize for a given city pair. Reroute
is expected to increase revenue generating aircraft utilization for
the more than 5,000 Part 135 charter operators in the U.S.
Flight Club – November 2023
Flight Club is expected to enable Part 135 operators to function
under U.S. Department of Transportation (DOT) Part 380, allowing
them to sell private jet service by the seat instead of by the
whole aircraft. It automates form filing for each flight with DOT,
and helps smaller operators conform to DOT escrow requirements for
ticketing and movement of customer funds – along with integration
of ticketing and payment collection. This software provides an
additional revenue and operational option for business aircraft
while also providing customers with a prospectively less expensive
pathway to business jet travel.
Card Management and Billing – December
2023 Jet.AI’s white label feature is expected to help
charter operators make the leap to selling jet cards with minimal
friction. The feature is being designed to provide customers with a
portal to view current utilization, book future flights and view
invoices and to remit payments directly.
For more information on Jet.AI, the Operator
Platform and CharterGPT, please visit www.jet.ai.
About Jet.AI: Jet.AI
operates in two segments, Software and Aviation, respectively. The
Software segment features the B2C CharterGPT app and the B2B Jet.AI
Operator platform. The CharterGPT app uses natural language
processing and machine learning to improve the private jet booking
experience. The Jet.AI operator platform offers a suite of
stand-alone software products to enable FAA Part 135 charter
providers to add revenue, maximize efficiency, and reduce
environmental impact. The Aviation segment features jet aircraft
fractions, jet card, on-fleet charter, management, and buyer’s
brokerage. Jet.AI is an official partner of the Las Vegas
Golden Knights, 2023 NHL Stanley Cup® champions. The Company was
founded in 2018 and is based in Las Vegas, NV and San Francisco,
CA.
Forward-Looking
Statements This press release contains certain
forward-looking statements within the meaning of the federal
securities laws with respect to the products and services offered
by Jet.AI and the markets in which it operates, and Jet.AI’s
projected future results. 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 that could cause the actual results to differ
materially from the expected results. As a result, caution must be
exercised in relying on forward-looking statements, which speak
only as of the date they were made. Factors that could cause actual
results to differ materially from those expressed or implied in
forward-looking statements can be found in the Registration
Statement and the amendments thereto on Form S-4 filed with the
Securities and Exchange Commission (File No. 333-270848) and other
documents filed by the Company 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. Readers are cautioned not to put undue reliance on
forward-looking statements, and Jet.AI assumes no obligation and
does not intend to update or revise these forward-looking
statements, whether because of new information, future events, or
otherwise.
Contacts: Gateway Group,
Inc. 949-574-3860 Jet.AI@gateway-grp.com
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