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    Come Fly With Me

    New Dallas company makes private jets affordable for frequent flyers

    Jonathan Rienstra
    Oct 9, 2014 | 12:48 pm

    As marvelous a technology as air travel is, the airport ranks up there with the doctor’s office and the DMV on the list of “I wish I was anywhere else right now.” And although its peers typically only merit annual visits, the airport can be a biweekly event for many people.

    A new Dallas company, Rise, aims to cure the ills of long lines, cramped seats and general discomfort of flying by putting its members in the swanky confines of a private jet.

    Founded by entrepreneur Nick Kennedy, Rise offers memberships beginning at $1,650 per month for unlimited flights between Dallas, Houston and Austin on an eight-seat Beechcraft King Air 350 jet. The plane is purposely posh, but it’s the time that’s saved pre- and post-flight that Kennedy says is the real benefit.

    “We want to give our members their time and dignity back,” says Rise CEO Nick Kennedy.

    “I’ve lived in Dallas the last 15 years,” he says, “but I haven’t done much of my business here. I’m flying every week, so it’s a passion of mine. You see the dead looks on people at the airport who travel all the time and how it sucks the life out of you.

    “I think that the best companies are ones that fix people’s problems and focus on giving people’s time back to them.”

    That saved time comes from little luxuries like arriving directly at the private flight terminal at Love Field, no lines to wait in and a five-minute turnaround from getting on the plane to taking to the air. Depending on how frequently a commuter travels, Rise may be more expensive than flying commercially (maybe not), but it is considerably lower than the mid-six figures required for a stake in a private jet.

    “We have a lot of oil and gas people that want in,” Kennedy says, “but there are also business people, different firms, small business owners and even families that have already signed up.”

    Kennedy’s background in software has allowed him to create an algorithm to ensure Rise will serve exactly the right amount of passengers when the service launches in late November/early December. The initial schedule will include 16 daily flights, and Kennedy plans for Rise to expand to other cities, including New Orleans, San Antonio and Midland once it is established.

    Already, Kennedy says, there are members signing up in those cities and others to ensure they avoid the waiting list. A similar company in California, Surf Air, has a year-long waiting list. In fact, Surf Air’s co-founder and former CEO, Wade Eyerly, whom Kennedy calls “the godfather of the model,” is a Rise board member.

    But Rise isn’t just about getting business people from point A to point B. It will also offer what it calls “fun flights,” which could be anything from a weekend trip to Vail or Las Vegas to trips down to College Station or Lubbock for a football game, all included in the monthly membership fee.

    “There’s nothing better on a 115 degree day in August than flying to Vail to get out of Dallas. We think our members deserve time off,” Kennedy says.

    And rather than the typical claustrophobic commercial flight sitting next to strangers, Rise aims to cultivate a community among its members, beginning with terminal service that includes craft cocktails. In the air, Kennedy hopes his customers will be open to conversation among like-minded entrepreneurs, vice presidents and consultants.

    “You can make these connections with people in industries you’re in or adjacent to for 45 minutes and then get off the plane,” he says. “It’s a bit like a new version of the country club.”

    Kennedy expects Rise to fill its initial memberships within the month, with founding members putting a refundable deposit of $750 down for a spot. An app to make reservations as painless as possible will launch in time for the first flight.

    Some might blanch at the $1,650-per-month price tag, but Kennedy thinks the whole package makes it more than worth it.

    “We want to give our members their time and dignity back,” he says. “You get the luxury of a private jet and don’t have to worry about being stuck in the middle seat.”

    Fly in style with Rise's King Air 350 jets.

    Rise Flying
    Photo courtesy of Rise
    Fly in style with Rise's King Air 350 jets.
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    New money

    Texas Stock Exchange launches trading on 'Y'all Street' in Dallas

    John Egan
    Jul 15, 2026 | 1:30 pm
    Stock exchange
    Photo by Oren Elbaz on Unsplash
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    Two-step aside, New York Stock Exchange and Nasdaq. The Dallas-based Texas Stock Exchange, nicknamed Y’all Street, just kicked off live trading with five stocks for now — and with lots of Lone Star ambition.

    “The Texas Stock Exchange aims to revitalize competition for [stock] issuers, establish the premier venue for listings, and create a world-class trading platform for all market participants,” the exchange says in a fact sheet.

    The exchange — whose Texas-influenced nickname is a nod to New York City’s Wall Street — has collected at least $275 million in investments. The roughly 90 financial backers of TXSE include Bank of America, BlackRock, Charles Schwab, Citadel Securities, Dell Family Office, Fortress, Goldman Sachs, and JPMorgan Chase.

    Representatives of TXSE couldn’t be reached for comment. On its website, the exchange calls itself “the most well-capitalized equities exchange to ever be approved” by the U.S. Securities and Exchange Commission (SEC).

    Not to be outdone, NYSE has launched Dallas-based NYSE Texas and Nasdaq has expanded its presence in Dallas.

    Y’all Street adds to Dallas-Fort Worth’s rising status as a major hub for financial services, with The Wall Street Journal naming North Texas the country’s second biggest financial hub after New York City. Among the biggest DFW players in financial services are:

    • Financial services provider Charles Schwab
    • Banking company Comerica
    • Auto lender Santander Consumer USA
    • Banking company Texas Capital Bancshares
    • Lender GM Financial
    • Investment bank Goldman Sachs
    • Financial services provider Fidelity
    • Banking conglomerate JPMorgan Chase
    • Megabank Wells Fargo

    “A homegrown national exchange means more jobs, more investment, and more growth opportunities for businesses and communities across the Lone Star State,” Gabriela von zur Muehlen, senior vice president and chief policy officer at the Texas Association of Business, told The Texas Tribune.

    In a move that will further elevate DFW’s status as a financial powerhouse, Goldman Sachs is building an 800,000-square-foot corporate campus near the American Airlines Center. The campus, with an initial price tag of $500 million, will be able to accommodate more than 5,000 employees when it opens in 2028; it’ll be Goldman Sachs’ largest office outside New York City.

    Driven by DFW, the financial services sector now plays a massive role in Texas’ status as the Financial Capital of America, as declared by Gov. Greg Abbott.

    Bulent Temel, an associate professor of practice in economics at the University of Texas at San Antonio, told Texas Standard that TXSE “is going to boost the credibility of the Texas economy.”

    Texas’ estimated gross domestic product (GDP), a yardstick for the size of an economy, climbed to a record-setting $2.9 trillion in 2025, making it the state with the second highest GDP after California. DFW’s estimated GDP in 2023 stood at $744.6 billion, eclipsing the GDP of many countries.

    “The center of gravity for American capitalism is now headquartered in the Boom Belt,” Abbott proclaimed in April, referring to an 11-state region (including Texas) in the South and Southeast that’s seeing tremendous economic and population growth. “The Texas Stock Exchange is the natural extension of that capitalism. It ensures that capital markets will reflect the quadrant that is driving American growth.”

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