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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
In May 2024, the Company implemented cost-savings measure to reduce selling, general and administrative expenses.
In May 2024, the Company signed a term sheet for (i) a $13 million arrangement to unlock the deposits made by the Company to Gulfstream, and (ii) a $1.5 million commitment to invest in our upcoming equity financing. Upon closing, the Company intends to use the $14.5 million in cash proceeds from the financing and equity commitment to support working capital and growth ahead of expected aircraft deliveries in 2024. The transaction is expected to close in June 2024 subject to standard closing conditions.