Volato announces strategic agreement with flyExclusive

Volato, the largest operator of HondaJet aircraft in the United States, announced an agreement with flyExclusive, Inc., a provider of private jet charter services, to transition the management of its fleet operations to flyExclusive. This move is expected to bring substantial cost savings and provide Volato with the opportunity to focus on its high-growth areas, including aircraft sales and proprietary software. Under the terms of the Aircraft Management Services Agreement, flyExclusive will take over all aspects of operating Volato’s fleet, including both revenue and expenses. This transition will allow Volato to reduce its cost base by transferring the operational responsibilities to flyExclusive, which anticipates that the fleet will be profitable under its management. “We are excited about the potential of this agreement, which provides significant benefits to both Volato and flyExclusive,” said Matt Liotta, CEO of Volato. “By shifting fleet operations to flyExclusive, we reduce our operational costs while continuing to focus on delivering value through our aircraft sales and expanding our software solutions, such as the Vaunt empty leg program.”