Feb 22, 2025 | Posted by Abdul-Rahman Oladimeji
Jet.AI, a company that develops AI solutions for the aviation industry, is selling its aviation business and pivoting to developing data centers. The company is in the process of planning a 50MW facility around Las Vegas for its debut project. FlyExclusive will acquire the business in conjunction with Jet.AI's “focus on being a pure-play AI solutions company.”
"This business combination with FlyExclusive offers our shareholders the opportunity to benefit from growth in both private aviation and AI," said Jet.AI founder and executive chairman, Mike Winston. "FlyExclusive, the fifth-largest operator in the industry by hours flown, is a natural fit, with clear synergies given the common aircraft we operate."
"This business combination with FlyExclusive offers our shareholders the opportunity to benefit from growth in both private aviation and AI," said Jet.AI founder and executive chairman, Mike Winston. "FlyExclusive, the fifth-largest operator in the industry by hours flown, is a natural fit, with clear synergies given the common aircraft we operate."
In a letter to shareholders, Winston explained Jet.AI’s pivot to data centers in more detail. The company has developed several AI-focused products – including a large language model agent for private aviation – but noted a “lack of reliable uptime for the computational resources we depend on, which has occasionally slowed down our ability to deliver services to our customers.”
“Based in Las Vegas as we are, there is plentiful land, solar power, and natural gas available to us,” he said. “We’ve signed a letter of intent for our first 50MW project as part of a new 120-acre campus that will allow room for the phased construction of a full gigawatt of capacity in the years ahead.
