Volato Launches Aircraft Management Program

The move comes after the integration of recently acquired Gulf Coast Aviation.

Michael Wildes

Friday, August 12, 2022 at 04:37 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 launched its new Aircraft Management Services division following the acquisition of Gulf Coast Aviation (GCA), leveraging GCA's 25 years of experience and retaining all its employees.
The program offers comprehensive aircraft management to owners, enabling them to generate revenue by chartering their aircraft (focusing on HondaJets and select large-cabin planes) through GCA's Part 135 operational certificate.
This strategic move expands Volato's fleet and access to the broader charter market, having already increased its managed fleet by 40% in four months as it aims to grow its HondaJet fleet and nationwide operations.

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Atlanta-based fractional jet company Volato has launched its aircraft management program after merging with Gulf Coast Aviation (GCA), a Houston-based aircraft management company that it purchased in March.

Volato’s executive vice president of business development, Tom Chapman, said closing the acquisition and launching the management division was an “important milestone” for the company’s growth. While many companies try to trim overhead costs by reducing overlapping staff in mergers and acquisitions, Chapman said he was especially pleased that Volato retained all GCA employees in the transition. That will help the startup as it looks to leverage GCA’s 25 years of aircraft management experience.