v3.25.4
Revenue (Tables)
12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Service Type The following table disaggregates revenue by service type and the timing of when these services are provided to the member or customer:

 

Year Ended December 31,

 

2025

 

 

2024

 

Services transferred at a point in time:

 

 

 

 

 

Flights

$

353,867

 

 

$

308,283

 

Aircraft management services

 

2,101

 

 

 

1,942

 

Services transferred over time:

 

 

 

 

 

Memberships

 

132

 

 

 

4,005

 

MRO

 

10,623

 

 

 

7,166

 

Fractional ownership purchase price

 

9,154

 

 

 

5,877

 

$

375,877

 

 

$

327,274

 

Schedule of Rollforward of Deferred Revenue

The following table provide a rollforward of deferred revenue:

 

 

Amount

 

Balance as of December 31, 2024

 

$

149,517

 

Revenue recognized

 

 

(281,521

)

Revenue deferred

 

 

294,323

 

Balance as of December 31, 2025

 

$

162,319