Year Founded
2021
Leadership
Chris Ensey
CEO
Matt Liotta
Chairman
Michael Prachar
COO
Mark Heinen
Chief Financial Officer
Jet Card Hourly Rates
Volato no longer offers a jet card program
Related Companies
Gulf Coast Aviation of Houston was sold in 2025
Serial entrepreneur Matt Liotta founded Volato in 2021 as a HondaJet very light jet program.
The company announced a fractional program for the Gulfstream G280 super-midsize jet in September 2022.
In September 2024, it announced it had agreed to transfer management of its flight operations, fractional, and jet card business to FlyExclusive.
It continued selling its empty-leg Vaunt subscriptions.
In October 2026, Volato said it was rebranding as SOAR AI after merging with Alignment Engine, Inc.
Volato’s original structure decoupled fractional ownership from usage.
Owners buy a share but can fly as many or as few hours per year as they wish.
Owners also received a charter rebate based on all hours flown on their tail, including their own flight hours.
Flights were conducted under Part 135 rules, which means a 7.5% Federal Excise Tax.
2021
Volato is privately held.
As of October 2023, Volato had 120 fractional owners and 89 jet card customers.
$96 million in 2022.
Matt Liotta
Volato uses aircraft in its fractional fleet of HondaJets.
Volato’s jet card program starts at $50,000.
Volato offers capped-hourly rates.
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