Story ID: 
FlyExclusive Launches Fractional Ownership Program
By: Jerry Siebenmark
Caption: FlyExclusive's deal with Textron Aviation for up to 30 Cessna Citation CJ3+s will support the North Carolina-based company's new fractional program.
Word Count: 223
A day after Textron Aviation announced a deal with flyExclusive for up to 30 Cessna Citation CJ3+s, the Kinston, North Carolina-based Part 135 operator announced the launch of a fractional-share program that will be supported by the light twinjets.

FlyExclusive Fractional will offer shares in the CJ3+ with no monthly management fees and no positioning fees or daily minimums. Instead, fractional owners will pay a daily and hourly rates featured in flyExclusive’s Jet Club and Partnership programs. Also, flyExclusive’s fleet of 85 light, midsize, and super-midsize jets will be available to fractional owners through preferred fractional pricing, the company said.

FlyExclusive told AIN it would not publicly disclose specific pricing or fractional share information, but fractional sales start at 40 hours and larger increments are available.

“We continue to innovate in the marketplace with a fully owned and operated fleet and a vertically integrated business model that redefines what it means to fly private,” said flyExclusive founder Jim Segrave. “FlyExclusive Fractional joins our Jet Club and Partnership programs to give flyers a multitude of pathways that all lead to one destination: more ways to take control of their private flying. We will continue to identify new opportunities to extend reliability, flexibility, and private jet charter experiences for our customers and now for our flyExclusive fractional owners.”