Volato

Volato was founded in 2021 by serial entrepreneur Matt Liotta as a HondaJet very light jet program.

In September 2024, it announced it had agreed to transfer management of its flight operations, fractional, and jet card business to FlyExclusive.

It plans to continue selling its empty-leg Vaunt subscriptions.

The company announced a fractional program for the Gulfstream G280 super-midsize jet in September 2022.

Volato decouples fractional ownership from usage. Owners buy a share but can fly as many or as few hours per year as they wish.

Owners also receive a charter rebate based on all hours flown on their tail, including their own flight hours. Flights are conducted under Part 135 rules, which means a 7.5% Federal Excise Tax.

However, the formula means owners don’t have to worry about using a fixed number of flight hours annually.

According to Private Jet Card Comparisons exclusive FRACTIONAL AIRCRAFT OWNERSHIP COST CALCULATOR, the result is a low delta for your effective hourly rate if you underfly.

For example, a quarter shareowner who flies 100 hours per year instead of 200 hours effectively pays only $84 per hour more.

With traditional methodology, an owner who underflies annual hours would end up paying over $2,500 more on a per-flight-hour basis.