Volato Executive Overview
|Leadership||Matt Liotta, Founder and CEO|
Nicholas Cooper, CRO and co-Founder
Phil Michaels, Chief Strategy Officer
Azim Sumar, Chief Pilot
Tom Chapman, Vice President, Sales
|Fractional Ownership Aircraft||HondaJet, Pilatus PC-24|
|Related Products||On-demand charter|
|Related Companies||Gulf Coast Aviation Houston|
Volato was founded in 2021 by series entrepreneur Matt Liotta as a HondaJet very light jet program.
In January 2022, the company expanded added fractional shares in the Pilatus PC-24 light jet.
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.
This means flights are conducted under Part 135 rules, and hence mean a 7.5% Federal Excise Tax.
However, the formula means owners don’t have to worry about using a fixed number of flight hours on an annual basis.
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 under flies annual hours would end up paying over $2,500 more on a per flight hour basis.
Volato, which along with Jet It and Jet Token sells HondaJet shares, opens its fleet for on-demand charter flights
An in-depth analysis of Volato’s HondaJet pricing and costs and its target of fractional fleet Phenom 300 owners
The start-up HondaJet fractional operator is taking a different and limited approach to selling its now flying fleet of Very Light Jets
Suddenly, there are HondaJet fractional providers everywhere you look, well, at least in three places. Jet It, which popularized the very light jet to the fractional market, now has company. Volato and Jet Token both took flight this year. However, Jet Token is the only one offering a jet card program.