Volato increased fleet by 50% in 2023; more growth in 2024

HondaJet operator Volato expect to take delivery of 10 more of the VLJs in 2024 following its recent IPO.

By Doug Gollan, December 27, 2023

Publicly traded Volato expanded its HondaJet fleet by 50% during 2023, according to a press release.

It now has to a total of 24 of the VLJs.

The growth includes the addition of three new aircraft delivered this month.

Two came directly from Honda Aircraft, and the third came via a management agreement.

Volato’s growth strategy includes acquiring aircraft directly from Honda and contracting with owners to manage their aircraft.

The company says its 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.

He added, “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 2021 start-up expects to receive 10 more of the type during 2024.

It also signed a letter of intent with HondaJet for its new Echelon aircraft, a long-range light jet.

Additionally, it is planned to receive four Gulfstream G280s for its new super-midsize fractional program.

It completed its IPO via the SPAC merger earlier this month.

Volato was ranked among the top flight providers for overall satisfaction by subscribers of Private Jet Card Comparisons.

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