Oxbridge Acquisition Corp (NASDAQ: OXAC). Jet Token Inc. d/b/a Jet.AI (“Jet.AI” or the “Company”), an innovative private aviation, artificial intelligence (“AI”), company, has announced the launch of its AI-powered charter booking application, CharterGPT. This cutting-edge technology automates the manual process of booking a private jet. Through natural language processing, the CharterGPT app communicates with both consumers and charter operators to reduce the time spent by a broker as the “human-in-the-loop.”
Of roughly 2,350 Part 135 charter operators in the US, 80% currently have fewer than ten aircraft and 60% have fewer than five. These Part 135 charter operators function as something akin to miniature airlines and can be hard to get a charter quote from. Aside from handling customer conversations, CharterGPT is designed to help weed through, and obtain responses from, these smaller operators via outbound, interactive, natural language communication.
“CharterGPT is an impressive, real-world application of transformative AI technology that is friendly, knowledgeable and fun to use,” said Mike Winston, Founder of Jet.AI. "Through CharterGPT we’ve brought new technology to industry and from here, our goal is to continue to bring practical tools to market.”
The next iteration of the app due in the fall is also expected to integrate with Stripe for payments, support automatic contract reconciliation between Jet.AI’s contracts with customers and contracts with operators, provide recommendations on preferred ground transportation, most efficient airport locations to travel in and out of, most opportune departure dates and more.
The CharterGPT app has been uploaded to the iOS store and is planned for release in early August with Android store release expected a few weeks later. For more information on Jet.AI and CharterGPT, please visit www.jet.ai. Media interested in testing the app should e-mail Jet.AI@gateway-grp.com.
CharterGPT is Jet.AI’s most recent product launch comes on the heels of its proposed business combination announcement with Oxbridge Acquisition Corp (NASDAQ: OXAC). Upon the closing of the transaction the combined company will be named Jet.AI Inc. (Reserved NASDAQ: JTAI) and its securities are expected to be publicly listed on Nasdaq Capital Markets.
Additionally, the boards of directors of Oxbridge Acquisition Corp and Jet.AI have unanimously approved the business combination. Oxbridge Acquisition Corp has set 3:00 PM local time (4:00 PM EST) on August 4, 2023 as the time and date for an extraordinary general meeting of shareholders to approve the proposals associated with the business combination. Oxbridge Acquisition Corp shareholders of record as of June 23, 2023, which is the record date for the extraordinary general meeting, will be entitled to vote. The proxy statement/prospectus contains important information about Jet.AI, Oxbridge Acquisition Corp, and the business combination.
What makes CharterGPT different?