Catheter Precision, parent of Vision Jet operator Flyte, has taken a stake in Volato and its empty legs are now part of the Vaunt platform.
Volato Group, the former fractional and jet card operator and parent of empty-leg membership platform Vaunt, has terminated a merger agreement while attracting new investors.
Volato has been in the process of shedding its private aviation assets to FlyExclusive since its decision in August 2024 to exit operating its fractional ownership and jet card programs.
In the second quarter of 2025, M2i Global and Volato announced a proposed merger designed to “create a scalable platform positioned for long-term growth in critical infrastructure markets.”
In May 2026, both M2i Global and Volato shareholders approved the merger.
On June 4, 2026, Volato notified M2i Global that it was terminating the merger agreement, per an SEC filing.
Volato says it “did not incur, and will not incur, any termination fee or penalty in connection with the termination of the merger agreement.”
The move came “as part of its evaluation of strategic alternatives.”
Volato added, “In connection with that process, the company has received and is evaluating unsolicited letters of intent that the company believes may provide greater value to its shareholders than the transactions contemplated by the merger agreement.”
READ: Private Aviation Deal Book
Last week, Volato said it has signed a “definitive agreement to obtain a $2.2 million strategic investment led by Catheter Precision, Inc.”
Per its SEC filing, Catheter Precision agreed to purchase 2,941,176 shares of common stock, par value $0.0001 per share, of Volato at a per share purchase price of $0.34 per share, for an aggregate purchase price of $1,000,000 in a private placement transaction.”
Catheter Precision (NYSE American: VTAK) earlier this year acquired Flyte, the renamed Flewber, which is building a fleet of Cirrus SF50 Vision Jets.
Per Volato:
‘The investment of restricted common stock will strengthen Volato’s balance sheet and supports the Company’s renewed focus on artificial intelligence, including the evaluation of potential acquisition and merger opportunities in AI infrastructure, AI software, data infrastructure, compute, power generation, and related sectors.’
Catheter Precision CEO David Jenkins said, “We are excited to support Volato as its now largest shareholder as it executes on its AI strategy.”
He added, “We believe the Company possesses a unique combination of AI technology assets, industry expertise, and public market access.”
On the artificial intelligence front, Volato owns Parslee, an AI software platform that enhances the reliability and auditability of AI systems through deterministic document intelligence.
Volato says it is developing Volato AI, an initiative that combines Parslee’s technology with Volato’s operational experience in aviation to develop specialized AI agents and software for the aviation industry.
The company says, “Together, these initiatives provide the company with direct operating experience in artificial intelligence as it evaluates larger opportunities within the AI infrastructure ecosystem.”
This morning, Volato reported that Vaunt’s annual recurring revenue reached approximately $4.0 million as of May 2026.
The company said that it represents 221% year-over-year growth.
Volato Group CEO Matt Liotta said in the release, “We are seeing real interest in Volato at a time when demand for AI infrastructure is moving very quickly.”
He added, “Our job now is to separate what is interesting from what is executable.”
Liotta says, “The recent investment, the LOIs, and Vaunt’s continued growth give us more options, and we will focus on the path that is executable and creates the most value for shareholders.:
Volato CEO Matt Liotta, who also serves as chief business officer for FlyExclusive, tells Private Jet Card Comparisons, “Vaunt is still under contract to be sold to FlyExclusive, and none of these announcements has changed that.”
Liotta said Flyte’s empty legs have now been added to the Vaunt membership app.
According to the most recent FAA Part 135 report, Flyte had three Cirrus single-engine jets on its charter certificate.
.
Find the perfect solution for your private aviation needs
Save Time. Buy Confidently.
Receive an apples-to-apples comparison of programs that meet your needs from more than 500 jet card and fractional options covering 65 points of differentiation and over 40,000 data points.
