Private jet chartering company flyExclusive executed a two-year revolving credit facility for up to $25.8 million with ETG FE LLC, an investment vehicle managed by EnTrust Global. The company will use the proceeds to support the continued evolution of its fractional aircraft program.
“We believe this facility is a strong vote of confidence in flyExclusive’s strategy and continued initiatives to increase growth and profitability,” Jim Segrave, founder and CEO of flyExclusive, said. “We look forward to the continued partnership with ETG FE LLC and EnTrust Global and believe this facility marks an important milestone in our journey to provide customers with the highest level of comfort, safety and quality.”
In December, flyExclusive completed its business combination with EG Acquisition, sponsored by EnTrust Global and GMF Capital.
