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.
