North Carolina's flyExclusive Receives $30 Million Investment for New HQ and Pilot Training Center

Why It Matters:

This investment signifies the state's commitment to supporting the growth of flyExclusive and the aviation industry. The new headquarters and training center are expected to create jobs, boost the local economy, and address the pilot training backlog in the country.

The Details:

• The North Carolina budget includes a $30 million allocation to the Global TransPark for a flight training and corporate office facility.

• flyExclusive confirmed that this funding is intended for their new headquarters and training center.

• The Global TransPark will own the building, and flyExclusive will contract with a private firm for its construction.

• The facility will consist of a five-story building with office space, flight training simulators, an operations center, and classrooms.

• flyExclusive plans to train and certify its own pilots, as well as reduce the pilot training backlog in the nation.

• The company aims to bring 80% of its aircraft maintenance in-house through further expansion.

• The investment is expected to bring significant economic benefits to the state and the local community.

Conclusion:

flyExclusive's $30 million investment from the state of North Carolina will facilitate the establishment of a new headquarters and pilot training center. This move is anticipated to create job opportunities, stimulate economic growth, and address the pilot training backlog in the country.