Volato Group, Inc. is a publicly traded aviation company on NYSE American focusing on aircraft leasing, charter services, and aircraft management.

# Company Summary: Volato Group, Inc.

**Business Overview:**  
Volato Group, Inc. is a publicly traded company listed on the NYSE American with the trading symbol **SOAR**. It is involved in the aviation industry, specifically focusing on aircraft leasing, charter services, and aircraft management.

**Operations & Business Activities:**  
- The company owns and operates HondaJets, providing charter services and aircraft management. It partly leases these aircraft under dry lease agreements.  
- Volato owns an aircraft (HondaJet HA-420) through its subsidiary, V158, which is 25% owned by DCL H&I, LLC, owned by Dennis Liotta and his spouse.  
- The company provides aircraft charter services utilizing its fleet of HondaJets.  
- It previously leased hangar and office space and provided payroll and benefits for Modern Aero flight instructors and maintenance personnel, which was terminated on July 31, 2023.

**Customer Base & Revenue:**  
- The document does not specify the number of customers or customer count.  
- Specific revenue figures are not provided in this excerpt; hence, precise revenue and income data are unavailable.

**Employees:**  
- The company has at least 6 key executive officers and directors, with additional employees likely in operational and support roles, but exact employee count is not disclosed.

**Ownership & Shareholders:**  
- As of March 21, 2025, 1,900,893 shares of common stock are outstanding.  
- Beneficial owners include Nicholas Cooper (6.4%), Matthew Liotta (10.9%), and others, with significant holdings by Hoop Capital LLC and Argand Group LLC (each around 6-7%).  
- The company has around 6.3% of its shares held by Hoop Capital LLC and 7.3% by Argand Group.

**Financial Data:**  
- The company does not disclose specific financial metrics such as revenue, profit, or total assets in this document.  
- As of June 30, 2024, the market value of shares held by non-affiliates was approximately **$11.2 million**.

**Additional Details:**
- The company’s management includes a Chairman and CEO, Matthew Liotta, and other officers specializing in operations and finance.
- The company has multiple equity incentive plans for employees, directors, and consultants, including stock options, RSUs, and performance awards.
- No specific operational or financial performance metrics such as revenue, net income, or customer numbers are provided in the summarized sections.

---

*Note:* The information provided is based solely on the excerpt from the SEC filing and does not include unprovided financial specifics, customer counts, or detailed operational metrics.

Volato Group, Inc. is a private aviation services provider empowering individuals through shared aircraft ownership, charter services, and aircraft management, with a commitment to sustainability and exceptional customer experience.

# Volato Group, Inc. Overview

**Company Mission:**
Volato Group aims to empower individuals to enhance their lives by providing convenient and high-quality private aviation services, ensuring an exceptional customer experience while maintaining luxury.

---

## Key Details

- **Founded:** January 2021
- **Headquarters:** St. Augustine, Florida, with operations in Houston, Texas and Atlanta, Georgia.
- **Employees:** 229 full-time employees, including 116 pilots.

---

## Business Offerings

### Private Aviation Services
1. **Aircraft Ownership Program:**  
   - Focuses on shared aircraft ownership under FAA Part 135 regulations.
   - Participants can enjoy revenue-sharing opportunities and guaranteed aircraft availability without limits on flight hours. 
   - The program emphasizes customer alignment and flexibility.

2. **Charter Services:**  
   - Operations through G C Aviation, Inc., a Part 135 certificate holder.
   - Offers both owner flights and general charter services.
   - Dynamic pricing tools for charter services to maximize fleet utilization.

3. **Aircraft Management Services:**  
   - Provides management for privately owned aircraft, assisting owners in monetizing their aircraft through charter services.
   - Operates a varied fleet of HondaJets and other aircraft types, managing both owner and third-party flights.

---

## Fleet and Aircraft

- **Core Fleet:** Primarily composed of HondaJets (HA-420) designed for short-haul trips generally under 1,000 nautical miles. 
- **Recent Acquisitions and Goals:** 
   - Firm orders for 23 HondaJets to be delivered from 2023 through 2025.
   - Expansion with Gulfstream G280 aircraft to cater to different market segments.

---

## Financials

- **Recent Revenue Trends:**  
  - Specific revenue figures have not been disclosed; however, private aviation is a strong market characterized by increasing demand due to a rise in high-net-worth individuals and corporate clientele.
  - As of the end of 2022, private aviation was a $29 billion global market projected to grow to $38 billion by 2029.

- **Losses and Profitability:**  
   - The company has experienced significant net losses since its inception.
   - Future profitability is contingent on growing revenue streams, increasing customer retention, and successfully managing operational costs and expenditures.

---

## Customer Base

- **Target Customers:**  
   - High-net-worth individuals, corporate clients, and semi-private service users.
   - The market remains under-penetrated: only about 100,000 regular private jet flyers in the U.S. against approximately 1.5 million potential customers who can afford charter flights.

---

## Unique Value Proposition

- **Right Plane for Right Mission Approach:**  
   - Focus on utilizing HondaJets for the majority of private aviation missions to ensure efficiency and cost-effectiveness.
- **Operational Efficiency:**  
   - Proprietary technology enhances the overall customer experience through better fleet management and pricing strategies.

---

## Social Responsibility and Sustainability

- **Environmental Initiatives:**  
   - Volato offsets 100% of CO2 emissions from its operations through participation in carbon offset programs.
   - Commitment to sustainability reflected in the selection of fuel-efficient aircraft and operational practices.

- **Diversity and Inclusion:**  
   - Actively supports diverse professional organizations and promotes a culture of inclusion within the workforce.

---

This detailed overview encapsulates the operations, financial aspirations, customer engagement strategies, and social responsibility ethos of Volato Group, Inc. as it navigates the private aviation industry.

Volato Group, Inc.

10-K / April 30, 2025

10-K / March 26, 2024

10-K / April 30, 2025

Company Summary: Volato Group, Inc.