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Read this story in our January 2024 printed issue.
Volato has expanded its fleet by 50 per cent to a total of 24 HondaJet aircraft as of December 2023. The expansion includes the addition of three new aircraft delivered in December, two from direct Honda deliveries and one managed aircraft.
The aircraft additions and rapid integration into the company's operations represent the execution of Volato's strategic plan for systematic growth, which includes acquiring aircraft directly from Honda and contracting with owners to manage their planes.
"Volato's measured and thoughtful approach to fleet expansion is critical to achieving our long-term plan for sustainable growth," says co-founder and CEO Matt Liotta. "We have been creative and judicious in acquiring HondaJets through the open market while continuing to receive new aircraft from our HondaJet factory order. The recent deliveries allow us to expand our capacity at a pivotal time in Volato's growth and increase our capacity to support our growing customer base."
The expanded fleet ensures greater availability and flexibility for customers, and allows the company to meet increasing demand while maintaining its commitment to personalisation and convenience. With a larger fleet, Volato's clients enjoy unparalleled access to aircraft, ensuring that their flying needs are met promptly and efficiently, regardless of their share size. This is particularly significant in the private aviation sector, where availability can often be a constraint.
Moreover, each new aircraft delivery from Honda contributes to keeping Volato's fleet among the youngest in the industry. This commitment to fleet modernity ensures Volato's clients not only enjoy access to the latest in aviation technology and comfort but also benefit from the heightened reliability and efficiency that come with newer aircraft.
Volato expects to receive 10 additional HondaJet aircraft over the course of 2024. The company has also signed a letter of intent with HondaJet for its new Echelon aircraft, which will be the first light jet capable of transcontinental flights.
