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flyExclusive MRO Completes Starlink Installation on Challenger Aircraft and Secures Multi-Aircraft Starlink Agreement

MWN-AI** Summary

flyExclusive (NYSE American: FLYX) has successfully completed the installation of Starlink on a Challenger aircraft, making significant strides in its authorized Starlink dealership agreement. Their maintenance, repair, and overhaul (MRO) division has leveraged its expertise in avionics and connectivity upgrades to execute the installation quickly, aiming for a turnaround time of five to seven days for additional aircraft. Starlink, known for its advanced satellite constellation in low Earth orbit, provides high-speed broadband internet, enabling services like streaming, gaming, and video calls with download speeds ranging from 135 to 310 Mbps and low latency.

The integration of Starlink is aligned with the growing demand for premium in-flight connectivity, a critical factor for customer retention and aircraft selection. Jim Segrave, CEO of flyExclusive, emphasized the company's capability in integrating complex systems, which enables faster execution and broadens their MRO business's commercial scope. Beyond its own fleet, flyExclusive MRO has also secured an agreement for multiple aircraft installations, positioning itself to diversify its revenue streams beyond charter and fractional operations.

The MRO division, based in Kinston, North Carolina, not only serves flyExclusive's fleet but is increasingly offering services to third-party operators, creating potential high-margin revenue opportunities unlinked to flight activity levels. With a focus on fleet-wide Starlink deployment, the company is actively pursuing further installation opportunities under its dealership program, signaling its commitment to enhancing connectivity in private aviation and expanding its operational footprint.

MWN-AI** Analysis

flyExclusive (NYSE American: FLYX) recently announced completion of Starlink installations on its Challenger aircraft, positioning itself advantageously for a rapidly changing landscape in the private aviation market. As in-flight connectivity becomes increasingly paramount for consumers, this initiative not only enhances customer experience but also opens new revenue streams, particularly through its authorized dealership for third-party Starlink installations.

The integration of Starlink, known for its advanced satellite technology that provides high-speed internet, reflects flyExclusive's commitment to enhancing its services. With download speeds surpassing traditional methods, this capability will likely appeal to a demographic that values premium connectivity—potentially influencing aircraft selection and retention rates for existing clients.

The company’s robust MRO (Maintenance, Repair, and Overhaul) division is key to this strategy. Given flyExclusive’s experience in avionics upgrades, this new direction allows for reduced aircraft downtime—transitioning installation timelines to a more efficient five-to-seven-day schedule. As demand for premium connectivity surges, flyExclusive’s move bolsters its competitive edge.

Moreover, the establishment of a multi-aircraft Starlink installation agreement can catalyze long-term partnerships within the aviation industry, translating into sustained growth potential. By diversifying revenue streams beyond charter and fractional operations, flyExclusive is strategically positioning itself amidst economic fluctuations impacting travel sectors.

For investors, this development suggests growth and profitability potential as flyExclusive taps into high-margin maintenance services. However, caution is warranted. Investors should closely monitor external factors including economic conditions and competition, as these could affect flyExclusive’s operational execution and long-term trajectory.

In summary, flyExclusive’s strategic integration of Starlink technology signals an innovative approach to maintaining a leadership position in private aviation, making it a company to watch in the coming quarters.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Business Wire

flyExclusive (NYSE American: FLYX), a vertically integrated private aviation company, today announced the completion of a Starlink installation on a Challenger aircraft under its authorized Starlink dealership agreement.

Leveraging its deep experience performing complex avionics and connectivity upgrades, flyExclusive MRO completed the Starlink installation in record time. Low-profile and lightweight in design, Starlink Aero Terminals are designed to be installed in a just a few hours, significantly reducing the time aircraft are out of service. flyExclusive MRO is now targeting a five-to-seven day cadence as additional aircraft move through the pipeline. flyExclusive MRO has performed numerous in-flight connectivity and avionics system upgrades across multiple aircraft platforms over the past several years. Management believes that experience enables the team to integrate Starlink efficiently while maintaining certification standards and minimizing aircraft downtime.

Starlink is the world's most advanced satellite constellation using a low Earth orbit to deliver broadband internet capable of supporting in-flight streaming, online gaming, video calls, and more. Unlike legacy systems that rely on ground towers or distant geostationary satellites, Starlink’s laser-mesh network delivers download speeds of 135-310 Mbps and latency less than 99 ms.

As demand for premium connectivity continues to increase, management believes reliable onboard internet has become a critical factor in aircraft selection and customer retention.

“Our team has extensive experience integrating advanced avionics and connectivity systems,” said Jim Segrave, Founder, Chairman, and CEO of flyExclusive. “Applying that expertise to Starlink allows us to execute quickly while expanding the commercial scope of our MRO business.”

In addition to deploying Starlink across its own fleet, flyExclusive MRO has secured a multi-aircraft customer installation agreement under its authorized dealership arrangement. Management views third-party Starlink installations as a meaningful step in growing maintenance and avionics into a standalone revenue vertical, further diversifying the company’s income streams beyond charter and fractional operations.

flyExclusive MRO operates a fully integrated maintenance, avionics, paint, and interior refurbishment platform in Kinston, North Carolina. While historically supporting the company’s fleet, the MRO division has increasingly expanded services to third-party operators. Management believes this positions the company to generate incremental, high-margin revenue opportunities that are not directly tied to flight activity levels.

The company expects continued fleet-wide deployment of Starlink while actively pursuing additional installation opportunities under its dealership program.

For more information about flyExclusive and its services, visit www.flyexclusive.com .

About flyExclusive

flyExclusive (NYSE American: FLYX) is a vertically integrated, FAA-certificated private aviation company providing charter, Jet Club membership, and fractional ownership services worldwide. The company operates one of the largest private jet fleets in the U.S., with full operational control over maintenance, refurbishment, and avionics through its in-house MRO facilities in Kinston, North Carolina. Learn more at www.flyexclusive.com .

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. 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. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: demand for fractional ownership shares; the pace of additional aircraft acquisitions; the Company's ability to attract and retain fractional customers; potential volatility of the Company's stock price; the ability of the Company to maintain compliance with NYSE American continued listing standards and maintain the listing of the Company's securities on a national securities exchange; the ability of the Company to timely file its required annual and quarterly reports with the SEC; the ability of the Company to comply with covenants under and repay its debt; the potential dilution of stock ownership by our capital raising efforts; the outcome of any legal proceedings; changes in the competitive and highly regulated industries in which flyExclusive operates; and the risk of downturns due to general economic or political uncertainties in the highly competitive aviation industry.

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of flyExclusive's Annual Report on Form 10-K for the year ended December 31, 2025 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. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company does not give any assurance that it will achieve its expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260317138729/en/

Media Contact
media@flyexclusive.com

Investor Relations Contact
investors@flyexclusive.com

FAQ**

How does flyExclusive Inc. Class A FLYX plan to leverage its recent Starlink aircraft installations to enhance customer retention and attract new clients in the competitive private aviation market?

flyExclusive Inc. plans to leverage its recent Starlink aircraft installations by offering enhanced in-flight connectivity and entertainment, thereby improving the overall passenger experience to boost customer retention and attract new clients in the competitive private aviation market.

What specific revenue growth projections does flyExclusive Inc. Class A FLYX foresee from its newly established MRO division and third-party Starlink installation agreements?

As of October 2023, flyExclusive Inc. Class A FLYX anticipates significant revenue growth from its newly established MRO division and third-party Starlink installation agreements, although specific projections may not be publicly detailed at this time.

Given the potential risks outlined in its forward-looking statements, how does flyExclusive Inc. Class A FLYX plan to manage the volatility in demand for its fractional ownership shares?

flyExclusive Inc. Class A (FLYX) plans to manage demand volatility for its fractional ownership shares through strategic pricing adjustments, enhanced marketing efforts, and diversification of their service offerings to attract a broader customer base.

Can you elaborate on the strategic advantages that flyExclusive Inc. Class A FLYX's vertical integration provides, especially in relation to maintaining certification and reducing aircraft downtime with the new Starlink installations?

FlyExclusive Inc. Class A FLYX benefits from vertical integration by streamlining operations to maintain certification more efficiently and reducing aircraft downtime, particularly with Starlink installations, thereby enhancing service reliability and customer satisfaction.

**MWN-AI FAQ is based on asking OpenAI questions about flyExclusive Inc. Class A (NYSE: FLYX).

flyExclusive Inc. Class A

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