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 has launched its new Aircraft Management Services (AMS) program, following the acquisition of Gulf Coast Aviation (GCA), to expand its fleet and enter the broader charter market by leveraging GCA's operational certificate and expertise.
The AMS program offers private aircraft owners comprehensive management services (crew, maintenance, hangar) and the opportunity to generate revenue by chartering their aircraft, offsetting ownership costs.
Volato will initially focus its management program on HondaJets and select large-cabin aircraft, building on its existing fractional HondaJet fleet, with the GCA acquisition already boosting Volato's fleet by 40%.

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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.