- Creatd Inc. (CRTD, Financial) plans a $3-$6 million acquisition of Air Charter Advisors.
- The deal will be executed through Creatd's subsidiary, Flyte, and is expected to close within 60 days.
- Air Charter Advisors will enhance Creatd's aviation portfolio with services like global jet charter and non-emergency air ambulance flights.
Creatd, Inc. (OTC: CRTD), a diversified holding company, is set to acquire Air Charter Advisors, a boutique private aviation firm, in a stock deal valued between $3-$6 million. This strategic move follows Creatd's recent $8.3 million acquisition of Flyte, and like its predecessor, will be executed through Flyte Inc., a wholly owned subsidiary of Creatd.
The transaction, which includes a 30-day exclusivity period, is projected to conclude within 60 days pending due diligence and closing conditions. Air Charter Advisors will maintain its operations independently within Creatd's aviation network, while leveraging Flyte's robust shared services infrastructure, which encompasses finance, compliance, IT, marketing, booking technologies, and AI-driven optimization tools.
Air Charter Advisors offers a complementary suite of services including global jet charter, non-emergency air ambulance flights, and cargo charter services. These offerings will enhance Flyte’s service capabilities and expand its reach, thanks to Air Charter Advisors' established relationships with corporate, government, and high-net-worth clients.
This acquisition underscores Creatd’s commitment to consolidating aviation assets and building a comprehensive, AI-enabled aviation network. The integration aims to combine Flyte's technological infrastructure with Air Charter Advisors' operational expertise, thus optimizing the efficiency and scalability of their combined operations.
