Flyte Aviation Stock (NYSE American: VJET): Inside the Vision Jet Network Behind the New Ticker

By Jake Rivers | Vanderbiltreport.com | October 5, 2026

Flyte flies people between New York and the Hamptons in about 35 to 40 minutes. The trip takes three to six hours by car or ferry on a summer weekend. As of October 5, 2026, Flyte is also the name on a stock ticker. Catheter Precision, Inc., which bought Flyte in March, has renamed itself Flyte Aviation, Inc., and its shares now trade on NYSE American as VJET (formerly VTAK) [Verified].

For investors researching Flyte Aviation stock, the main question is what Flyte itself is. It is a small private-aviation operator that flies a single aircraft type, the Cirrus Vision Jet. It sells whole-aircraft trips at fixed route prices directly to consumers. This profile covers how Flyte works, where it flies, how fast it is growing and what it will need to keep growing. It also covers the financial risks investors take on through the listed parent.

Flyte Aviation Stock at a Glance

Who Is Flyte?

• Key takeaway: Flyte began as Flewber, founded by Marc Sellouk in 2018, and has changed hands twice since February 2025.
• Key takeaway: Flyte describes itself as regional transportation for trips under 500 miles, not as a luxury jet service.
• Key takeaway: The aviation business is now the main focus of the listed company, which is reviewing options for its older medical-device unit.

Flyte started as Flewber Global, Inc. Creatd, Inc. bought it on February 27, 2025 for about $14.4 million in stock, preferred stock, warrants and forgiven debt. Creatd renamed the business Flyte, Inc. [Verified] On March 9, 2026, Creatd sold its 80.02% stake in Fly Flyte, Inc. to Catheter Precision for $11,554,827. The price was $5,776,827 in cash plus 5,778 shares of Series D preferred stock [Verified]. Catheter Precision’s own accounting values the purchase of Flyte and Ponderosa at about $14.75 million [Verified]. Stockholders approved the deal on April 15, 2026, and on October 5 the parent took the Flyte name [Verified].

Flyte calls its strategy “regional air mobility.” It wants to use the thousands of small, underused U.S. airports for point-to-point trips of under 500 miles, a market that big airlines have largely left [Company statement]. Founder and CEO Marc Sellouk runs Flyte. David A. Jenkins is Executive Chairman and CEO of the listed parent [Verified].

How Flyte Works

• Key takeaway: Every flight books the whole aircraft. Flyte does not sell individual seats.
• Key takeaway: Popular routes have fixed, published prices, unlike the quote-based pricing common in charter.
• Key takeaway: Flyte offers several products: Hops flights, Luxe service, Escapes travel packages and an aircraft-owner Partner Program.

The aircraft

Flyte flies only the Cirrus Vision Jet, a single-engine jet that seats four adults plus one child. It comes with Garmin Autoland, which can land the plane by itself in an emergency, and the CAPS whole-aircraft parachute [Company statement]. Flights run under FAA Part 135 through Ponderosa Air, which Flyte describes as ARGUS Gold-rated, and carry $50 million in liability coverage [Company statement]. The Vision Jet is widely flown. Cirrus delivered a record 106 of them in 2025, and GAMA data show it has led its general-aviation jet segment for eight straight years [Third-party].

The products

• Flyte Hops: whole-aircraft flights from Teterboro, White Plains, Boston, Philadelphia and Burlington to East Hampton in about 35–40 minutes. Passengers leave from private terminals, arrive 15–30 minutes before departure and can bring pets with advance notice [Company statement]. Flyte’s website lists fixed prices of $4,900 to $6,900 on popular routes [Company statement].
• Luxe: Flyte’s second line of service. The parent’s 10-Q reports Flyte’s revenue as coming from “Hops and Luxe” operations [Verified].
• Flyte Escapes: travel packages that combine flights, hotels and event access for one all-in price, launched in April 2026 [Company statement].
• Vision Jet Partner Program: an outside owner buys a Vision Jet and leases it to Flyte. Flyte then handles pilots, dispatch, maintenance and Part 135 compliance, and the owner receives lease income [Company statement].

How Flyte finds customers

Flyte sells through its own WebApp and relies on influencer campaigns, referrals and partnerships rather than brokers [Company statement]. It reports 14 strategic partnerships. They include other aviation companies (Blade, Vaunt and Volato), hospitality and luxury brands (LDV at The Maidstone, 319 Golf Society) and events. Flyte is the official air travel partner of the 34th Hamptons International Film Festival (October 2–12, 2026) and sponsors its Breakthrough Honors. It also partnered with designer Christian Cowan at New York Fashion Week [Company statement]. A partnership with FullPAC targets travel by political campaigns in six states during the 2026 election cycle [Company statement].

Fleet and Route Network

• Key takeaway: The fleet is still small: three aircraft in May 2026, with two more expected by the end of Q2.
• Key takeaway: Flyte has said it is aiming for ten Vision Jets by the end of 2026.
• Key takeaway: The Bahamas approval gives Flyte a winter market to balance its summer-heavy Northeast business.

Catheter Precision reported that Flyte’s fleet grew from one to three aircraft after the acquisition, with two more jets expected by the end of Q2 2026 [Company statement]. Flyte’s own website states a goal of “a fleet of ten Vision Jets by FY2026” [Company statement]. Vanderbiltreport.com did not find a filed fleet count as of June 30, 2026, so the current number of aircraft has not been verified [Developing].

The Northeast. In April 2026, Flyte added Vision Jets to its routes connecting New York with East Hampton, Nantucket, Martha’s Vineyard, Newport and Cape Cod. Flyte’s pitch is that these are repeat trips between people’s main and second homes, and that commercial airlines barely serve them [Company statement]. Its booking platform lists Teterboro, Westchester, East Hampton, Bedford (Boston) and Martha’s Vineyard among its key airports [Company statement].

Florida and the Caribbean. On September 2, 2026, Flyte said it had approval to fly from Miami, Fort Lauderdale, Palm Beach and Naples to Nassau, Bimini, Marsh Harbour and Eleuthera. Sellouk said this means a plane based in Florida is “no longer limited” to domestic trips [Company statement]. FAA applications for Toronto were filed earlier in the year [Company statement].

Flyte by the Numbers

• Key takeaway: As a standalone company, Flyte grew revenue 40% in 2025 but lost $4.8 million in each of 2024 and 2025.
• Key takeaway: Flyte already makes up the majority of the parent’s revenue.
• Key takeaway: New customer sign-ups sped up sharply in the third quarter of 2026.

Before the acquisition. Audited statements filed with the deal show Fly Flyte’s service revenue rose from $706,000 in 2024 to $986,000 in 2025. It lost $4.8 million in each year and used $2.9 million and $2.3 million of cash in operations. It ended 2025 with $26,000 in cash, a $4.4 million working-capital deficit and a going-concern warning from its auditor [Verified].

After the acquisition. Flyte brought in $184,000 in Q1 2026 (the period after the deal closed) and about $0.9 million in the first half of 2026. That was roughly 62% of the parent’s $1.451 million total [Verified]. The parent’s preliminary Q2 figure for Flyte was $767,000, up 61% from Q1 [Company statement]. Flyte then reported preliminary July revenue of about $640,000, double June’s level and its best month so far [Company statement]. The June and July figures were unaudited when announced.

Customers. Flyte passed 10,000 registered accounts on August 20, 2026. Its users are spread across 174 airports in 19 states [Company statement]. It added 3,132 accounts between July 1 and August 20, compared with 1,934 in the whole first half of the year. About 60% of accounts include a mobile number Flyte can use for direct offers [Company statement]. Flyte also says trip requests rose from 1,192 in August 2024 to 2,361 in June 2025 [Company statement].

Flyte’s Market and Competition

• Key takeaway: Fortune Business Insights sizes the U.S. private jet charter market at about $11.6 billion in 2026.
• Key takeaway: No company has more than 5% of the market, which leaves room for a niche operator.
• Key takeaway: Flyte’s listed rivals are hundreds of times bigger, and some of them also send Flyte customers.

Fortune Business Insights estimates the U.S. private jet charter services market at $11.57 billion in 2026, growing about 6.9% a year. It sizes the global market at $27.88 billion in 2026 [Third-party]. Mordor Intelligence’s global estimate is lower, at $17.67 billion for 2026 [Third-party]. IBISWorld, which uses a broader definition, calls U.S. private jet charter “highly fragmented,” with no company holding more than 5% [Third-party]. Flyte’s slice of this market is short regional trips, where a small jet with low operating costs can charge less than larger aircraft [Analysis].

Growth Drivers for Flyte

• Key takeaway: More aircraft means more flights Flyte can sell, so fleet growth matters most.
• Key takeaway: The Partner Program could add planes without Flyte having to buy them.
• Key takeaway: Every growth plan depends on the parent company raising money.

• More aircraft: Flyte’s stated goal is ten Vision Jets by the end of 2026. Partner Program owners can supply jets under lease [Company statement].
• New routes: Bahamas and Caribbean flights from South Florida, plus a pending Toronto application [Company statement].
• Customer growth: More than 10,000 accounts, and sign-ups are accelerating [Company statement].
• Technology spending: Planned Q4 2026 spending on website upgrades, a mobile app, digital marketing and AI analytics [Company statement].
• Revenue goal: Parent CEO David Jenkins said the company could reach “a million-dollar month before the end of the year.” This is a management goal, not formal guidance [Company statement].
• Becoming a pure aviation company: The parent is working with an investment bank on strategic alternatives for its cardiac-device unit (LockeT and VIVO). Selling that unit would leave the company focused only on Flyte [Developing].

Risks and Considerations

• Key takeaway: Flyte has never been profitable, and both Flyte and its parent have received going-concern warnings.
• Key takeaway: A small fleet of one aircraft type, flying mostly seasonal routes, leaves little room for error.
• Key takeaway: Shareholders face heavy potential dilution and debt payments due soon.

• Going concern: Fly Flyte’s 2025 audit, the parent’s FY2025 audit and its Q2 2026 10-Q all raise “substantial doubt” about continuing as a going concern. The parent had $0.643 million in cash at June 30, 2026 and used $5.657 million in operations in the first half [Verified].
• Fleet concentration: Flyte flies a handful of single-engine jets of one type. A grounding, an accident, maintenance downtime or pilot shortages would hit capacity directly [Analysis]. The company itself lists aircraft and pilot availability and FAA regulation among its risks [Company statement].
• Seasonality: The Northeast leisure routes peak in summer. The Florida–Bahamas routes are meant to offset that, but they are new [Analysis].
• Debt: The parent’s S-1 disclosed that debt assumed in the Flyte acquisition was in default and that a $5 million promissory note is due December 15, 2026 [Verified].
• Dilution: A June 2026 S-1 registered 68,067,042 shares for resale when 2,692,473 were outstanding. Before the October split, shares outstanding had reached about 21.0 million. A proposed Series J reset benefiting the parent’s CEO and FatBoy Capital, L.P. could add about 41.3 million more shares, counted before the split [Verified].
• Repeated reverse splits: The parent did a 1-for-19 split in August 2025 and a 1-for-10 split on October 5, 2026 [Verified].
• Unaudited numbers: Monthly revenue, account counts and fleet plans are company statements. Most have not been audited or confirmed in a filing [Analysis].

The Bottom Line on Flyte Aviation Stock

Flyte has a clear idea: fast, whole-aircraft trips on short regional routes at fixed prices, sold directly to consumers. There are early signs it is working, including record monthly revenue, more than 10,000 accounts and new routes. Investors in Flyte Aviation stock also take on the parent company’s balance sheet, which brings going-concern warnings, under $1 million in cash at mid-year, heavy potential dilution and near-term debt. How fast Flyte adds aircraft, and how it pays for them, will decide how much of its demand it can actually serve [Analysis].

Milestones to watch:

• A filed fleet count and progress toward ten Vision Jets
• The first Bahamas and Caribbean flights, and whether winter revenue holds up
• Q3 2026 results (estimated around November 12) and Flyte’s segment revenue
• Whether monthly revenue reaches $1 million
• How the $5 million note due December 15, 2026 is handled, and new financings
• Vote results from the September 30, 2026 annual meeting, and the outcome of the medtech review

References

• Flyte Aviation Launches Under NYSE American Ticker “VJET” — GlobeNewswire, Oct. 5, 2026
• Catheter Precision to Change its Name and Ticker Symbol to Flyte Aviation and “VJET” and Effect 1-for-10 Reverse Stock Split — Oct. 2, 2026
• Creatd, Inc. Form S-1 (Flyte acquisition and sale history) — SEC EDGAR, 2026
• Form 8-K/A with Fly Flyte, Inc. audited financial statements — filed July 28, 2026
• Form 10-Q, quarter ended June 30, 2026 — filed Aug. 14, 2026
• Form 10-Q, quarter ended Mar. 31, 2026 — filed May 18, 2026
• Form 10-K, fiscal year ended Dec. 31, 2025 — filed Mar. 31, 2026
• Form S-1 registration statement — filed June 22, 2026
• Definitive Proxy Statement (DEF 14A) — filed Aug. 31, 2026
• VTAK Definitive Agreement to Acquire 100% of Fly Flyte Inc. Obtains Approval — Apr. 16, 2026
• Catheter Precision Reports 200% Revenue Growth and Completes Transformative Flyte Acquisition — GlobeNewswire, May 18, 2026
• Flyte Deploys Additional Vision Jets in the Northeast — Apr. 28, 2026
• VTAK Announces Preliminary Second Quarter Record Revenue in Excess of $1 Million — GlobeNewswire, July 15, 2026
• Flyte Achieves Record Revenues in July — Aug. 6, 2026
• Flyte Surpasses 10,000 Consumer Accounts as WebApp Growth Accelerates — Aug. 20, 2026
• Flyte Partners with FullPAC — Aug. 18, 2026
• Flyte Secures International Approval to Launch Private Aviation Service — Sept. 2, 2026
• Flyte Named Official Air Travel Partner of the 34th Annual Hamptons International Film Festival — Sept. 28, 2026
• Flyte — company website
• How Flyte Is Creating the Nation’s First Scalable Regional Air Mobility Network — Flyte
• 12 Reasons Why Flyte Hops Is the Best Way to Fly Private to the Hamptons — Flyte
• Introducing Flyte Escapes — Flyte
• The Flyte Vision Jet Partner Program — Flyte
• Cirrus Reports Strong 2025 Performance with Record Vision Jet Deliveries — TravelDailyNews, Mar. 27, 2026
• Private Jet Charter Services Market — Fortune Business Insights (updated Sept. 14, 2026)
• Private Jet Charter Services Market to Reach USD 25.79 Billion by 2031 — Mordor Intelligence via Barchart
• Private Jet Charters in the US — IBISWorld
• Wheels Up reports full-year 2025 results — Private Jet Card Comparisons, Feb. 19, 2026
• flyExclusive posts record revenue — Private Jet Card Comparisons, Mar. 5, 2026
• Surf Air Mobility Reports Fourth Quarter and Full Year 2025 Results — Business Wire, Mar. 12, 2026
• Joby Completes Acquisition of Blade’s Passenger Business — Joby Aviation, Aug. 29, 2025
• Stock Analysis — VTAK quote and statistics (close Oct. 1, 2026)
• SEC EDGAR — Flyte Aviation, Inc. (CIK 0001716621) filings

Compensation Disclosure: Vanderbiltreport.com is owned by a US-based corporation. We have received compensation of up to $100,000 for profiling the company. Vanderbiltreport.com was not paid by Flyte Aviation, Inc.

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