flyExclusive to acquire Jet.AI in all-stock transactionnews Fayaz Hussain 14 Feb 25 0Jet charter provider flyExclusive announced that it has entered into a definitive agreement to acquire aviation business of private aviation and artificial intelligence company Jet.AI… Read more
flyExclusive has record daynews Alasdair Whyte 18 Dec 24 0The 2024 Thanksgiving holiday weekend was the busiest in flyExclusive’s history. The company says it flew 47% hours more than in 2023 and had its… Read more
flyExclusive revenue grows 24% in third quarternews Fayaz Hussain 20 Nov 24 0Kinston-based private jet aviation company flyExclusive reported total revenue of $76.9m for the third quarter of 2024, representing a robust 24% increase from the same… Read more
flyExclusive exclusiveopinion Fayaz Hussain 30 Sep 24 0Volato trades on the NYSE America under the ticker SOAR. But sadly, its shares have not lived up to this. When the fractional operator listed… Read more
flyExclusive takes over Volato’s customers, fleetnews Fayaz Hussain 5 Sep 24 0Kinston-based private jet charter firm flyExclusive entered into an aircraft management services (AMS) agreement with Volato agreeing to take in its customers and fleet as… Read more
Out of funds: SmartSky ceases operationsnews Fayaz Hussain 19 Aug 24 0Aircraft connectivity provider SmartSky Networks, found in 2011, has announced that it has ceased business operations effective August 16, 2024 citing failure to secure the… Read more
Volato revenues grow 16%YoY despite no deliveries in Q2news Fayaz Hussain 19 Aug 24 0Private aviation company Volato announced its financial performance for the second quarter of 2024 wherein it reported increased flight hours and improved blended yield but… Read more
Mark Ozenick to lead Volato’s aircraft management growthnews Fayaz Hussain 18 Jul 24 0Private aviation company Volato Group announced the appointment of industry veteran Mark Ozenick as president of Volato Aircraft Management Services (VAMS). Ozenick will be responsible… Read more
Volato reveals first HondaJet equipped with SmartSkynews Mike Stones 14 Jun 24 0Fractional business jet provider Volato has revealed the first HondaJet in its fleet to be equipped with the SmartSky LITE in-flight connectivity system; claimed to… Read more
Volato posts $17.4m loss; delivery delays shrink revenue in Q1news Fayaz Hussain 16 May 24 0Private aviation company and largest operator of HondaJet in the US Volato announced financial results for the first quarter of 2024 posting a net loss… Read more
Volato’s 2023 revenue slumps 24% on delayed deliveriesnews Fayaz Hussain 26 Mar 24 0Volato’s 2023 results were a tale of two sectors. While total revenue dipped 24% year-over-year to $73.3m due to plummeting aircraft sales (down 68% YoY),… Read more
Volato’s market share climbs to 2.4% in light jet categorynews Fayaz Hussain 4 Jan 24 0US-based private aviation company Volato’s market share in the light jet category increased to 2.4% by the end of 2023 from 1% in 2022, company’s… Read more
Volato adds eight new aircraft to its fleet in 2023news Fayaz Hussain 2 Jan 24 0Private aviation company Volato, largest HondaJet operator in the US, announced that it expanded its fleet by 50% to a total of 24 HondaJet aircraft… Read more
Volato ‘puts its financials out there’opinion Alasdair Whyte 11 Dec 23 0One of the biggest attractions of light jets is their speed. A HondaJet Elite II flies more than 25% faster than most turboprops. This fits… Read more
Volato’s focus on efficiency sets it apartnews Fayaz Hussain 8 Dec 23 0Last week, Volato joined the not-so-enviable list of private aviation flight companies to go public through a Special Purpose Acquisition Company (SPAC) merger. SPACs or… Read more
Mark Heinen joins Volato as CFOnews Alasdair Whyte 28 Nov 23 0Volato, the fractional jet operator, has hired Mark Heinen as CFO. He replaces Keith Rabin who was recently promoted to Volato’s president. Heinen joins as… Read more
Why would anyone want to list?opinion Alasdair Whyte 9 Aug 23 0It is just over two years ago since Wheels Up’s management team rung the bell at the New York Stock Exchange. The company started trading… Read more
Why Volato plans to list via PROOF SPACnews Alasdair Whyte 4 Aug 23 0Volato, the fractional operator, only got its first aircraft in August 2021. Two years later it has announced that it will merge with the Special… Read more
Town Hall: The HondaJet market after Jet Itnews Alasdair Whyte 7 Jun 23 0Following Jet It’s decision to stop managing aircraft, this special Corporate Jet Investor Town Hall looked at options for owners and what is next for… Read more
Jet It failure is not the start of a trendopinion Alasdair Whyte 5 Jun 23 1Fractional operator Jet It’s decision to stop flying is sad. But we should not read too much into it. It is not the start of… Read more
