FlightTrace

$PYPL corporate jet has flown to Spain 3 times in the last 6 weeks. Prior 24 months: zero. Broader activity is elevated too: trailing 8-week leg count just hit 23 — the highest of 105 weekly windows, 2.1x the median, and above the historical P95. Separately, PayPal has been the subject of recent public reporting around takeover interest, Venmo separation, and a major Venmo rebuild. (no implication that the buyer would be a Spanish entity)

🚨 $GMED —potential target or acquirer? Fleet running ~2x normal pace, sustained: ▪ 14d: 25 flights (2.5x typical, all-time high) ▪ 30d: 40 flights (1.8x typical, tied all-time max) Activity has continued past their May 8 earnings print. ~$10B spine + surgical robotics player in a battered med tech space. Already absorbed NuVasive in 2023. Big enough to acquire, digestible enough to be acquired?

$SJM some interesting flight data around the reported Goldman Sachs strategic-review hire: April was the busiest month in the past 24-months — 68 flights vs. a 38/month median. Then on May 4, both mapped J.M. Smucker jets converged at (XNA) Bentonville, Arkansas for 20+ hours. Only prior $SJM fleet convergence at XNA in the dataset: ~1.8h in Sep. 2025.

🚨 $LLY Bay Area flight activity is getting interesting. Ex-January JPM Conference noise, Lilly has logged 9 Bay Area arrivals since Feb. 15 vs. just 18 non-January arrivals over the past 24 months. Recent burst: 6 arrivals in the past 23 days. $RVMD? $CYTK? Something else?

$MU Micron Technology's three jets, at San Diego, April 30: for 2.5 days. The first time their entire fleet has ever been at SAN at the same time. The longest the fleet has spent at any airport other than their headquarters in 3+ years of recorded data. And only the second time their full fleet has ever converged outside headquarters at all.

🚨 Unusual $JNJ flight activity 3 of 4 J&J corporate jets landed in Paris today. In the prior 3 years, only 2 JNJ visits to Paris — both single-jet (Feb '24, Mar '25). A 3-jet Paris convergence has never happened in our data. $ABVX is HQ'd in Paris. Coincidence?

$TERN

$MRK fleet sync at Morristown (MMU), New Jersey on March 23: all 3 aircraft converged for 1.7 days, first fleet-wide sync in 66 days. Highest convergence ever recorded at this location in 3-year lookback. Similar pattern occurred 3 days before $9.2B Cidara acquisition.

$TXN full fleet converged at Dulles (IAD), Virginia on March 11 — 2 of 2 aircraft on ground for 1 day. First fleet-wide convergence in 270 days and highest convergence ever recorded at this location over 3-year period.

$VMC entire 2-aircraft fleet on ground simultaneously at Teterboro (TEB), New Jersey on March 11 for 24 hours. First fleet-wide convergence on record at this location over 3-year lookback period.

$PSX Phillips 66 entire 2-aircraft fleet on ground simultaneously at Kansas City (MKC), Missouri on March 12, 2026 for 1 day. First fleet-wide convergence in 65 days. Highest fleet convergence ever recorded at this location in 3-year tracking window.

$F fleet logged 20 flights over the trailing 7 days ending Mar 12, representing 3.1x its typical volume and the highest 7-day period in 2 years.

$XOM fleet logged 22 flights over the trailing 7 days ending March 13, representing 3.7x its typical volume and the highest 7-day period in 2 years.