Jet.AI Launches Reroute AI Software to Intelligently Repurpose Empty Flight Legs for 5,000+ U.S. Part 135 Charter Operators
31 Gennaio 2024 - 4:00PM
Jet.AI Inc. (“Jet.AI” or
the “Company”) (NASDAQ: JTAI), an innovative private
aviation and artificial intelligence (“AI”) company, today
announced the launch of Reroute AI – a web based software tool
designed to transform the way empty flight legs are utilized, with
a focus on passenger experience, profit optimization and
environmental sustainability.
By intelligently altering empty flight legs and
repackaging them as new charter flights, operators utilizing
Reroute AI stand to unlock additional profits without any new
investment. New profits are partially derived from the fact that
filling an otherwise empty plane reduces fuel consumption.
“Unlike others in the private aviation space,
the team at Jet.AI decided to stop trying to tackle the ‘empty leg’
problem and instead aimed to solve a ‘reroute the leg problem,’”
said Mike Winston, Executive Chairman and Founder of Jet.AI. "This
small shift in perspective made all the difference. With Reroute
AI, we focused on the abundance of commercially viable options
outside of the brittle approach of forcing customers into fitting
their travel plans into the unused routes of other customers. We
found that a little route adjustment went a long way.”
Reroute AI allows operators to work with their
own empty inventory or to purchase new charters constructed from
empty legs of other operators. By prompting operators to enter a
city pair, passenger load, travel date and profit minimum, Reroute
AI has the power to create new itineraries that are more cost
effective, efficient and considerate of emissions. The empty return
journey of a chartered jet is a common pain point in private
aviation and Reroute AI allows the 5,000+ FAA Part 135 charter
operators in the U.S. to easily repurpose one way inventory into
new charter flights with the help of its algorithm.
To learn more about Reroute AI, visit:
https://jet.ai/login
About Jet.AI: Jet.AI operates
in two segments, Software and Aviation, respectively. The Software
segment features the B2C CharterGPT app and the B2B Jet.AI Operator
platform. The CharterGPT app uses natural language processing and
machine learning to improve the private jet booking experience. The
Jet.AI operator platform offers a suite of stand-alone software
products to enable FAA Part 135 charter providers to add revenue,
maximize efficiency, and reduce environmental impact. The Aviation
segment features jet aircraft fractions, jet card, on-fleet
charter, management, and buyer’s brokerage. Jet.AI is an official
partner of the Las Vegas Golden Knights, 2023 NHL Stanley Cup®
champions. The Company was founded in 2018 and is based in Las
Vegas, NV and San Francisco, CA.
Forward-Looking Statements This
press release contains certain forward-looking statements within
the meaning of the federal securities laws with respect to the
products and services offered by Jet.AI and the markets in which it
operates, and Jet.AI’s projected future results. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties that could cause the
actual results to differ materially from the expected results. As a
result, caution must be exercised in relying on forward-looking
statements, which speak only as of the date they were made. Factors
that could cause actual results to differ materially from those
expressed or implied in forward-looking statements can be found in
the Registration Statement and the amendments thereto on Form S-4
filed with the Securities and Exchange Commission (File No.
333-270848) and other documents filed by the Company from time to
time with the SEC. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Readers are cautioned not to put undue
reliance on forward-looking statements, and Jet.AI assumes no
obligation and does not intend to update or revise these
forward-looking statements, whether because of new information,
future events, or otherwise.
Contacts: Gateway Group, Inc.
949-574-3860 Jet.AI@gateway-grp.com
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