flyExclusive, Inc. appointed Michael Guina as Chief Operating Officer effective August 24, 2026. Matthew Lesmeister transitioned from COO to President of Maintenance on the same date. Both executives remain under existing employment agreements dated September 26, 2024, with no additional compensation provided for this internal restructuring. Mr. Guina previously served as Chief Commercial Officer and spent 11 years at Delta Private Jets. Mr. Lesmeister joined in May 2024 and most recently held the COO role after serving as CFO. The company operates in the private aviation services industry, providing aircraft chartering and management solutions.

flyExclusive, Inc. issued a corporate presentation detailing financial results for the three and six months ended June 30, 2026. The company reported $111 million in consolidated revenue, representing 22% year-over-year growth, alongside a 65% increase in gross profit. Adjusted EBITDA turned positive at $4.2 million, marking an inflection point with significant margin expansion driven by operational efficiencies and fleet optimization. The firm reduced its long-term notes payable by $93 million while maintaining liquidity through an available At-The-Market facility. flyExclusive operates in the private aviation industry, providing charter, fractional, and maintenance services for private jet travel.

flyExclusive, Inc. closed the transactions under the Final Merger Agreement, merging SpinCo into a wholly owned subsidiary of the Company. SpinCo shareholders were entitled to receive 3.6253 shares of flyExclusive, Inc. Class A common stock for each share of SpinCo Common Stock, resulting in an aggregate of 7,096,117 shares of Company Common Stock to be issued. The Company's net cash adjustment mechanism for SpinCo's indirect equity investment in Space Exploration Technologies Corporation was modified via Amendment No. 5. flyExclusive, Inc. operates in the private aviation industry and provides aircraft chartering services.