flyExclusive appoints Adam Posar as senior VP of sales

KINSTON, N.C. - Private jet charter provider flyExclusive (NYSEAM:FLYX), a $96.6 million market cap company generating $347.7 million in trailing twelve-month revenue, announced Thursday the appointment of Adam Posar as Senior Vice President of Sales, tasked with leading the company’s retail sales strategy and client engagement initiatives.

Posar brings over 15 years of experience in revenue growth and team building across private aviation and other sectors. He previously served as Executive Vice President of Sales at Jet Linx Aviation, where he managed the national sales organization and led CRM transformation efforts. The appointment comes as flyExclusive reports 17.1% year-over-year revenue growth, according to InvestingPro data.

Before Jet Linx, Posar worked as a Sales Director at XO Jet Aviation and held leadership positions at several companies including Red Bull North America, where he received multiple top performer awards.

"Adam’s experience, track record, and leadership style are exactly what flyExclusive needs as we accelerate growth in our Fractional and Jet Club programs," said Jim Segrave, Founder and CEO of flyExclusive, in the company’s press release. InvestingPro analysis reveals the company faces some financial challenges, with two key ProTips highlighting concerns about debt management and profitability. Subscribers can access 6 additional ProTips and comprehensive financial metrics on the platform.

Mike Guina, Chief Commercial Officer of flyExclusive, added that Posar’s background in leading high-performing teams makes him "a perfect fit" to guide the company’s Fractional and Jet Club offerings.

In his statement, Posar expressed enthusiasm about joining flyExclusive as the company continues to modernize its fleet with new aircraft such as the Challenger 350 and Citation XLS Gen 2.

flyExclusive describes itself as a vertically integrated, FAA Part 135-certified air carrier and one of the largest operators of Cessna Citation aircraft in the United States, offering fractional ownership, Jet Club membership, and on-demand charter options. The company’s stock has shown strong momentum, with a 17.8% return year-to-date, though InvestingPro Fair Value calculations suggest the stock is currently fairly valued.

In other recent news, flyExclusive, Inc. has announced that it has maintained its ARGUS Platinum safety rating, which is one of the highest recognitions in the private aviation industry. The company has consistently met the requirements for this rating since 2015, successfully completing all necessary audits. This Platinum status underscores flyExclusive’s commitment to safety protocols, including its Safety Management System, Emergency Response Plan, and various operational procedures and training programs. Additionally, flyExclusive is set to be included in the 2025 Russell Indexes. The company is expected to join the Russell 3000®, Russell 2000®, and Russell Microcap® Indexes, with the listing becoming final after market close on June 28, 2025. The inclusion in these indexes, which are managed by FTSE Russell, is significant as they serve as critical benchmarks for investment strategies. As of June 2024, approximately $10.6 trillion in assets were benchmarked against these indexes. These developments mark important milestones for flyExclusive in the private aviation sector.

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