Jet.AI Inc., formerly Jet Token, has reported on its business operations and financial performance for the fiscal year ended December 31, 2023. The company, which provides a platform for private jet travel, has completed a Business Combination with Oxbridge Acquisition Corp. and is now listed on Nasdaq under the ticker 'JTAI'. Jet.AI has introduced CharterGPT, an AI-powered booking app, and the Jet.AI Operator Platform, which includes software solutions like Reroute AI and DynoFlight. The company is planning to expand its fleet and develop a national jet card program. Despite facing competition and regulatory oversight, Jet.AI's board, comprising seven directors, adheres to SEC and Nasdaq standards. Financially, Jet.AI has engaged in equity transactions with GEM and...Show More

Jet.AI Inc., formerly Jet Token, has reported on its business operations and financial performance for the fiscal year ended December 31, 2023. The company, which provides a platform for private jet travel, has completed a Business Combination with Oxbridge Acquisition Corp. and is now listed on Nasdaq under the ticker 'JTAI'. Jet.AI has introduced CharterGPT, an AI-powered booking app, and the Jet.AI Operator Platform, which includes software solutions like Reroute AI and DynoFlight. The company is planning to expand its fleet and develop a national jet card program. Despite facing competition and regulatory oversight, Jet.AI's board, comprising seven directors, adheres to SEC and Nasdaq standards. Financially, Jet.AI has engaged in equity transactions with GEM and Meteora and has been notified by Nasdaq of non-compliance with certain listing requirements. The company's growth strategy focuses on aircraft acquisitions, software development, and marketing to affluent individuals. Recent financial activities include a private placement with Ionic Ventures, LLC, and the issuance of Series B Preferred Stock and warrants. Additionally, Jet.AI has secured indemnification agreements for its directors and officers and maintains an insurance policy for them.