VTAK Acquires 19.98% Stake in Regional Air Mobility Firm Fly Flyte

Catheter Precision, Inc. (VTAK) has acquired a 19.98% strategic stake in AI-enabled aviation company Fly Flyte, Inc., marking a significant entry into the Regional Air Mobility (RAM) market. The transaction, announced on February 17, 2026, provides VTAK with immediate exposure to a revenue-generating, asset-backed air carrier, positioning it ahead of the anticipated commercialization of electric Vertical Take-Off and Landing (eVTOL) aircraft.

This investment is notable as it diverges from the common strategy of backing pre-revenue eVTOL startups. By acquiring a minority stake in Fly Flyte, a subsidiary of Creatd, Inc., VTAK gains a foothold in an operational business certified by the Federal Aviation Administration (FAA). This approach mitigates the significant financial and regulatory risks associated with purely developmental aviation technology companies, providing access to current revenue streams while retaining exposure to future growth in the Advanced Air Mobility (AAM) sector.

Operational Framework and Fleet Growth

Fly Flyte operates through its subsidiary, Ponderosa Air, LLC, which holds an FAA Air Carrier Certificate (No. 1POA402M) under 14 Code of Federal Regulations (CFR) Part 135. This certification allows for commuter and on-demand flight operations, which form the core of its current business. According to a press release from Creatd, Inc., the company utilizes a growing fleet of Cirrus Vision Jets, known for advanced safety features that serve as a bridge to future autonomous operations.

The company has outlined ambitious expansion plans. It intends to grow its fleet to ten Vision Jets and three Pilatus aircraft by the end of fiscal year 2026. This expansion is supported by Fly Flyte's use of artificial intelligence for optimizing routing, pricing, and dispatch, reflecting a broader industry trend toward enhancing operational efficiency through technology.

Market Context and Future Outlook

The investment comes as the RAM market is projected for substantial growth. According to data from Cervicorn Consulting, the global RAM market was valued at USD 5.84 billion in 2024 and is forecasted to reach USD 76.28 billion by 2034. Fly Flyte is positioned to capture a share of this growth by serving underutilized regional airports.

While Fly Flyte's current operations are based on conventional aircraft, the strategic vision includes the eventual integration of eVTOLs. The regulatory pathway for these new aircraft is becoming clearer. The FAA recently established a new "powered-lift" category to certify eVTOLs and issued a Special Federal Aviation Regulation (SFAR) to govern pilot training and operations. However, industry analysis suggests widespread commercial eVTOL services are not expected until the 2028-2030 timeframe. VTAK's investment allows it to capitalize on the existing RAM market while waiting for the eVTOL sector to mature.

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