fractional

The fractional charter jet operator has entered into an aircraft management services agreement with its competitor flyExclusive.

Volato has officially merged with PROOF Acquisition Corp I (PACI), clearing the way for the private aviation company to go public.

On Wednesday. Textron Aviation and NetJets announced the terms of a record-breaking deal between the longstanding partner companies for the purchase of up to 1,500 Citation jets. NetJets will also serve as the launch partner for the Citation Ascend, announced at the National Business Aviation Association’s European Business Aviation Convention and Expo in May.

Fractional operator said the additions will boost its total aircraft to more than 270.

Following the implosion of Jet It during the week of May 22, Honda Aircraft Company has stepped in to offer logistical and management support to those Jet It customers left in the lurch as the fractional operator ceased operations.

Jet It fractional owners have options when it comes to navigating the company’s shut down.

The transaction is estimated to be valued up to $5 billion with deliveries expected to begin in 2025.

The jet maker and fractional operator had battled over customer service and aircraft reliability.

The subscription-based fractional jet company is adding private jet terminals in Miami, Bozeman, and Arizona.

Volato currently has 17 HondaJets in its fleet, and the 25-aircraft order announced Thursday is incremental and firm, the company said.