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KINSTON, N.C. - Private jet service provider flyExclusive, Inc. (NYSEAMERICAN:FLYX), currently valued at $96.62 million, announced Tuesday it has maintained its ARGUS Platinum safety rating, one of the highest recognitions in private aviation.
The company has continuously met ARGUS rating requirements since 2015, completing all required audits during this period. The Platinum status confirms the company’s safety protocols across its Safety Management System, Emergency Response Plan, organizational controls, operating procedures, training and maintenance programs. According to InvestingPro data, while the company maintains high safety standards, it faces financial challenges with a weak overall financial health score.
"At flyExclusive, safety isn’t just our top priority - it’s the foundation of how we operate," said Matthew Lesmeister, Chief Operating Officer, according to the press release.
The ARGUS Platinum safety certification is awarded by ARGUS International following a comprehensive evaluation of safety culture, risk management, and regulatory compliance.
flyExclusive operates as a vertically integrated, FAA-certificated air carrier providing private jet services through on-demand charter, Jet Club, and fractional ownership options. The company maintains a fleet of approximately 100 jets, primarily consisting of Cessna Citation aircraft ranging from light to large cabin sizes. The company generated revenue of $335.43 million in the last twelve months, with a modest growth rate of 5.38%. InvestingPro subscribers can access additional insights about the company’s operational efficiency and financial metrics.
The company manages its operations from its headquarters in Kinston, North Carolina, where it houses its repair station, aircraft paint facilities, cabin interior renovation capabilities, and avionics installation services. Despite recent operational achievements, including a 9.21% stock price increase over the past week, the company operates with a challenging gross profit margin of 12.71%.
In other recent news, flyExclusive, Inc. is on track to be included in the 2025 Russell Indexes following a preliminary listing on May 23, 2025. The company is expected to join the Russell 3000®, Russell 2000®, and Russell Microcap® Indexes, with finalization anticipated after market close on June 28, 2025. This inclusion is seen as a significant milestone for flyExclusive, reflecting its commitment to performance and precision in the private aviation sector. Jim Segrave, the company’s Founder and CEO, expressed that this achievement underscores their dedication to institutional-grade discipline. The Russell Indexes, managed by FTSE Russell, serve as critical benchmarks for investment strategies and are used by investment managers and institutional investors worldwide. As of June 2024, approximately $10.6 trillion in assets were benchmarked against these indexes. flyExclusive operates one of the largest fleets of Cessna Citation jets globally, providing various private aviation services. The company’s inclusion in these indexes is subject to the final review and reconstitution process.
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