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FlyExclusive to go Public in $600 Million Merger

TheMotleyFool

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SPACs may not seem especially airworthy these days, but they aim to take the private jet industry public anyway.

FlyExclusive, a subscription-based jet company, announced it will go public via a $600 million merger with SPAC EG Acquisition Corp, The Wall Street Journal reported Monday. It's the latest deal for a SPAC market suddenly eager to Uber-ize the private jet industry.

Source Fool.com

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