BAN's World GazetteerGeorgia
Atlanta, Georgia-headquartered Volato is expanding its solutions to include a fractional programme with no monthly management fee on its HondaJet fleet. The no monthly management fee programme is tailored for those who fly infrequently and require guaranteed availability when they do, while also desiring the full benefits of aircraft ownership.
Owners will pay the same upfront ownership fee as Volato's traditional fractional programme, however they will incur no monthly management fees for their full five-year term; they pay guaranteed rates when they fly. Consistent with Volato's traditional fractional programme, owners share in the revenue generated from their aircraft and can fly as little or as much as they like.
“We are committed to continue on our path of innovation, offering solutions that are crafted for a diverse range of owners,” says Volato executive VP of sales Norm Katz. “Owners in our traditional fractional programme enjoy the flexibility of being able to fly as much as they like, and we saw a need to develop a solution to benefit those that fly infrequently. This no monthly management fee programme makes it more financially efficient for the infrequent flyer to own their share in a private jet with the added benefit of earning revenue every time their aircraft flies a mission.”
Volato flies a modern fleet of HondaJets. The HondaJet is optimised for 80 per cent of all private flights in the US, flying four passengers up to 2.5 hours with more leg room than other jets in its category. Volato will have a total of over 40 aircraft in its fleet upon delivery of its recently announced HondaJet agreement.
“Our unique HondaJet fractional programme brought forward a range of customers that thought fractional ownership was either out of reach or too complicated,” states Nicholas Cooper, co-founder and chief commercial officer of Volato. “This further simplified programme aims to bring in new customers who value even greater financial flexibility, guaranteed flight availability and a regular revenue share over their five-year term.”
The unveiling of this programme adds to recent innovations including the Volato Go! programme with fixed price routes in key East and West Coast triangle markets, the Broker Rewards programme where brokers can earn up to four per cent cash rewards on their HondaJet charter bookings and the Stretch jet card, which rewards the leisure traveller who enjoys itinerary flexibility.