Why Is Jet.AI Stock Trading Over 100% On Tuesday?

Lekha Gupta

December 24, 2024

Jet.AI Inc. (NASDAQ:JTAI) shares rocketed on Tuesday after the company disclosed the launch of “Ava,” an advanced AI model designed to streamline private jet bookings.

The AI delivers personalized, efficient service, catering to both seasoned flyers and first-time travelers, enhancing convenience and accessibility in private aviation.

Ava offers real-time aircraft availability, transparent pricing, and expert recommendations to help customers choose the ideal jet, the company said.

Users can interact with Ava through SMS for a conversational booking experience, receive trip details, and receive a direct link to the CharterGPT app for seamless management.

Mike Winston, Founder and Exec Chair of Jet.AI said, “Because of the high dollar price and unique aspects of private travel, we are committed to having a human in the loop. But the later in the booking process that happens, the better our productivity.”

”In all our tests Ava has been a champion, always poised, well informed and on point. The next step for the company is to ask Ava to begin calling charter operators to confirm availability and pricing.”

Jet.AI began pre-sales for fractional ownership interests in its upcoming Cessna Citation CJ4 Gen2 aircraft this month.

This follows the company’s initial order with Textron Aviation Inc. for CJ4 aircraft on November 22, 2024.

Price Action: JTAI shares are up 120.18% at $7.53 at the last check Tuesday.

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