Jet.AI Inc.

Our business strategy combines concepts from fractional jet and charter jet programs with innovations in artificial intelligence, also referred to herein as AI. We formed our company on June 4, 2018. We developed and, in September 2019, launched our booking platform represented by our iOS app Jet Token, which originally functioned as a prospecting and quoting platform to arrange private jet travel with third party carriers. Following our acquisition of HondaJets, we began selling jet cards and fractional ownership interests in our aircraft. In 2023, we launched an AI-enhanced booking app called CharterGPT. Beginning in 2023, we launched our Jet.AI Operator Platform to provide a business-to-business ( B2B ) software platform for software-as-a-service ( SaaS ) products. Currently we offer the following SaaS software to aircraft owners and operators generally: Reroute AI: recycles aircraft waiting to return to base into prospective new charter bookings to destinations within specific distances; and DynoFlight: enables aircraft operators to estimate aircraft emissions then purchase carbon removal credits via our DynoFlight API. We have also established a specific version of a private jet by-the-seat booking tool for the Las Vegas Golden Knights professional ice hockey team and Great Western Air, LLC (DBA Cirrus Aviation Services, LLC) ( Cirrus ) via 380 Software LLC. 380 Software LLC is a by-the-seat charter joint venture between us and Cirrus.