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Jet.AI Inc
10845 Griffith Peak Dr., Suite 200
Phone: (702) 747-4000p:702 747-4000 LAS VEGAS, NV  89135  United States Ticker: JTAIJTAI

On 5/3/2024, the Securities and Exchange Commission (SEC) charged BF Borgers CPA PC and its owner, Benjamin F. Borgers, with significant violations of Public Company Accounting Oversight Board (PCAOB) standards across more than 1,500 SEC filings from January 2021 to June 2023. The charges included falsely representing compliance with PCAOB standards to clients, fabricating audit documentation, and inaccurately stating compliance in audit reports. According to the SEC's order, of 369 BF Borgers' clients whose public filings from January 2021 through June 2023 incorporated the firm's audits and reviews, at least 75 percent of the filings incorporated audits and reviews that did not comply with PCAOB standards. The financials in this report may include past audits and reviews conducted by BF Borgers CPA PC that are deemed not compliant with PCAOB standards.

Business Summary
Jet.AI Inc., through its subsidiaries, is principally involved in the sale of fractional and whole interests in aircraft; the sale of jet cards, and operation of a proprietary booking platform, which functions as a prospecting and quoting platform to arrange private jet travel with third party carriers as well as via the Company’s leased and managed aircraft; direct chartering of its HondaJet aircraft by Cirrus; aircraft brokerage and services. Its booking CharterGPT platform displays a variety of options across private aircraft types in addition to the pricing of its own aircraft, with a range of prices drawn from a list of thousands of aircraft for hire. Its Jet.AI Operator Platform provides and continues to develop a business to business (B2B) software platform for a suite of software as a service (SaaS) product termed Jet.AI Operator Platform which consists of Reroute AI, DynoFlight, and FlightClub-Cirrus Specific.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
9/30/202412/31/2023YesYes---

Industries
SIC Code Description
6770 Blank checks
7372 Prepackaged software
4522 Air transportation, nonscheduled

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Executive Chairman of the Board, Interim Chief Executive Officer MikeWinston 47 8/8/2023
Interim Chief Financial Officer, Director GeorgeMurnane 66 8/10/2023 8/10/2023
Chief Operating Officer PatrickMcnulty 40 1/1/2023 1/1/2023
5 additional Officers and Directors records available in full report.

Business Names
Business Name
JTAI
OXAC
OXACU

General Information
Number of Employees: 9 (As of 12/31/2023)
Outstanding Shares: 839,733 (As of 11/18/2024)
Shareholders: 3
Stock Exchange: NASD
Fax Number: (302) 655-5049


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Tuesday, December 3, 2024