Volato Executive Overview

Year Founded2021
LeadershipMatt Liotta, Founder and CEO
Nicholas Cooper, CRO and co-Founder
Phil Michaels, Chief Strategy Officer
Azim Sumar, Chief Pilot
Tom Chapman, Vice President, Sales
HeadquartersAtlanta, Georgia
Fractional Ownership Aircraft HondaJet, Pilatus PC-24
Related ProductsOn-demand charter
Related CompaniesGulf 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 Fleet

Aircraft TypeNumber in Fleet
HondaJet HA-420
Pilatus PC-24

Volato News

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