FLYEXCLUSIVE INC (FLYX) surged 123.25% intraday on Thursday after announcing an authorized dealership agreement with Starlink. The partnership designates FLYX as a certified dealer and installer for Starlink's high-speed, low-latency aviation connectivity system.
The agreement allows FLYX to install Starlink technology on its fleet, enabling streaming-quality internet and real-time communications for passengers. Additionally, FLYX will offer Starlink sales, installation, and support services to third-party aircraft operators, expanding its Maintenance, Repair, and Overhaul (MRO) business. Investors cheered the deal, viewing it as a significant growth driver for the company.
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