His well-heeled clients fly to glitzy destinations like New York, Aspen, and Miami. But Jim Segrave continues to operate flyExclusive, his private-jet company, from tiny Kinston, North Carolina, where the population is just over 19,000,
Since flyExclusive launched in 2015, it’s grown so steadily that Segrave is planning an IPO before the end of the year. From US$99 million in revenues in 2019, FlyExclusive clocked US$320 million in 2022, projects US$367 million this year, and US$521 million in 2024, the company said in a statement. The company, which offers memberships as well as fractional ownership, owns 95 Citation jets, trains its own pilots, and handles its own maintenance.
During Covid, many flew private to avoid other people and crowded planes. What’s the main motivator now?