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Fractional private jet operator Volato has received a Level One Bronze Rating from 4Air, the company announced.
Fractional aircraft start-up Volato today announced its expansion to the West Coast. It has opened an operational base at Carlsbad’s McClellan-Palomar Airport (CRQ).
| Year Founded | 2021 |
| 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 |
| Headquarters | Atlanta, Georgia |
| 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.
| Aircraft Type | Number in Fleet |
| HondaJet HA-420 | |
| Pilatus PC-24 |
Volato has acquired Houston Hobby Airport-based charter operator Gulf Coast Aviation. It’s the sixth announced M&A deal involving private jet brokers and operators in 2022.