Private jet operator FlyExclusive has been a big economic win for Eastern NC
, 2023-03-17 10:25:15,
A Cessna Citation, the type of plane operated by Kinston-based private jet charter FlyExclusive. Photo: Aviation-images.com/Universal Images Group via Getty Images
One of North Carolina’s fastest-growing businesses this past decade is a private jet company operating out of a rural Eastern North Carolina airport.
Driving the news: Founded in Kinston in 2015, FlyExclusive has steadily grown into one of the country’s largest private jet charters, with around 100 Cessna Citations crisscrossing the globe.
Why it matters: FlyExclusive has been an important economic win for Eastern North Carolina, a region that has been devastated by hurricanes and a shrinking population. It just completed its fifth hangar at Global Transpark, a state-owned airport in Kinston.
- The company has around 800 employees. Four hundred and fifty are based in Kinston, where it does 80% of its maintenance. It also has a small technology office in Durham.
How it started: The company is led by Jim Segrave, a Kinston native and longtime aviation executive. He sold his last company, Segrave Aviation, to Delta. He used some of the funds from that sale to start FlyExclusive.
- Segrave told Axios he picked Kinston to headquarter FlyExclusive due to loyal ties to his hometown, its central location on the East Coast and the infrastructure of the Global Transpark.
What they’re saying: At the onset of the pandemic, Segrave feared the lockdowns could sink his company. But after a brief slowdown, the opposite happened. Demand…
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