Volato Expands HondaJet Fleet by 50% to 24 Aircraft
December 27 2023 - 8:00AM
Business Wire
22 Additional HondaJet Elite IIs contracted for
delivery in 2024 and beyond
Volato Inc., (NYSE American: SOAR) (“Volato”) a leading private
aviation company and the largest HondaJet operator in the United
States, today announced that it has expanded its fleet by 50% to a
total of 24 HondaJet aircraft as of December 2023. The expansion
includes the addition of three new aircraft delivered in December –
two from direct Honda deliveries, and one managed plane. This marks
a total of eight aircraft added to Volato’s HondaJet fleet in
2023.
The aircraft additions and rapid integration into the company’s
operations represent execution of Volato’s strategic plan for
systematic growth. Volato's growth strategy includes acquiring
aircraft directly from Honda and contracting with owners to manage
their planes. This approach has enabled Volato to expand while
maintaining high standards in private air travel.
"Volato's measured and thoughtful approach to fleet expansion is
critical to achieving our long-term plan for sustainable growth,"
said Matt Liotta, Co-Founder and CEO of Volato. "We have been
creative and judicious in acquiring HondaJets through the open
market while continuing to receive new aircraft from our HondaJet
factory order. The recent deliveries allow us to expand our
capacity at a pivotal time in Volato’s growth and increase our
capacity to support our growing customer base.”
The expanded fleet ensures greater availability and flexibility
for customers, a cornerstone of the Volato experience. It allows
the company to meet increasing demand while maintaining its
commitment to personalization and convenience. With a larger fleet,
Volato’s clients enjoy unparalleled access to aircraft, ensuring
that their flying needs are met promptly and efficiently,
regardless of their share size. This is particularly significant in
the private aviation sector, where availability can often be a
constraint.
Moreover, each new aircraft delivery from Honda contributes to
keeping Volato’s fleet among the youngest in the industry. This
commitment to fleet modernity ensures Volato’s clients not only
enjoy access to the latest in aviation technology and comfort but
also benefit from the heightened reliability and efficiency that
come with newer aircraft.
Volato expects to receive 10 additional HondaJet aircraft over
the course of 2024. The company has also signed a letter of intent
with HondaJet for its new Echelon aircraft which will be the first
light jet capable of transcontinental flights.
About Volato
Volato is a full-service private aviation company providing
modern ways to enjoy luxury private jets through innovative,
efficient, and sustainable solutions. Volato provides a fresh
approach to fractional ownership, aircraft management, jet card,
deposit and charter programs. Volato's fractional programs uniquely
offer flexible hours and a revenue share for owners in a fleet of
HondaJets, which are optimized for missions of up to four
passengers. For more information visit www.flyvolato.com.
All Volato Part 135 charter flights are operated by its
DOT/FAA-authorized air carrier subsidiary (G C Aviation, Inc. d/b/a
Volato) or by an approved vendor air carrier.
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