Volato Bumps First-Year Captains’ Pay to $150,000

Michael Wildes

Monday, July 18, 2022 at 05:37 PM ET

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In January, Volato announced that it ordered 15 HondaJets to add to its fleet through 2024. [Courtesy: HondaJet]

Key Takeaways:

Volato is significantly increasing pilot compensation, offering first-year HondaJet captains $150,000, stock options, a $10,000 signing bonus for type-rated pilots, and an attractive 8-days-on, 6-days-off schedule.
The fractional jet company is rapidly expanding its operations nationwide, driven by strong customer demand, with an order for 15 new HondaJets and plans to establish multiple bases to eliminate repositioning fees.
Volato's growth strategy also includes the acquisition of Gulf Coast Aviation (GCA) in Houston, broadening its fleet and strengthening its presence in key private aviation markets.

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The Atlanta-based fractional jet company Volato is now offering first-year HondaJet captains $150,000 in a recent pay upgrade as the company looks to expand its operation. Additionally, the company will now provide its pilots stock options so that they can share in the company’s growth, similar to competitor Wheels Up [NYSE: UP].

Since its launch in September 2021, Volato has quickly ramped up business. In January, it announced that it ordered 15 HondaJets to add to its fleet through 2024 and said it would expand its operation nationwide. It now has locations in San Diego, Houston, Fort Lauderdale, St. Augustine, and Baltimore. At the time, CEO Matt Liotta told FLYING that solid customer demand for private aviation was driving growth.