Vaunt Launches Third-Party Operator Program Following Successful flyExclusive Integration

Rhea-AI Summary

Volato Group (NYSE American: SOAR) has announced the launch of Vaunt's third-party operator program following the successful integration of flyExclusive, the fifth-largest operator in the United States. The program allows private aviation operators to join Vaunt's platform, leveraging its technology and member base to maximize empty leg flight utilization. Through this expansion, operators can benefit from increased visibility and operational efficiency while providing Vaunt members with broader access to empty leg flights.

Positive

• Successful integration of flyExclusive, the fifth-largest US operator
• Platform expansion through third-party operator program
• Potential for increased revenue through better empty leg flight utilization

Negative

• None.

Insights

Aviation Industry Analyst

The launch of Vaunt's third-party operator program represents a strategic expansion but with immediate financial impact. While integrating flyExclusive, the fifth-largest operator in the U.S., demonstrates platform viability, revenue generation will depend on operator adoption and empty leg flight utilization rates.

The empty leg flight market presents an interesting opportunity - these flights typically represent 25-40% of private jet movements and often go unfilled. However, monetization challenges persist due to the time-sensitive and route-specific nature of these flights. The success of this initiative will hinge on Vaunt's ability to achieve critical mass in both operator participation and customer demand.

This development positions Volato to potentially capture additional market share in the fragmented private aviation sector, but meaningful financial impact likely won't materialize until significant operator onboarding occurs.

ATLANTA--(BUSINESS WIRE)-- Volato Group, Inc. (“Volato,” or the “Company”) (NYSE American: SOAR) announced that following the recent integration of flyExclusive, the fifth-largest operator in the United States, Vaunt, launched its third-party operator program. This initiative marks a new chapter for Vaunt, as the platform welcomes other operators to join and benefit from its technology platform and extensive member base.

With the integration of flyExclusive, Vaunt has demonstrated its capability to provide operators with a dynamic channel for maximizing the utilization of empty leg flights. Now, other operators can access this same value proposition, benefiting from increased visibility, enhanced operational efficiency, and the opportunity to grow alongside Vaunt.

“Opening Vaunt to third-party operators is an exciting step forward for us,” said Nicholas Cooper, President of Vaunt. “With the experience learned from flyExclusive’s integration, we’re now inviting other operators to join our platform and become part of a growing community that offers private travelers unmatched access to empty leg flights. This expansion not only adds value for our members but also offers operators the chance to enhance their reach and impact across the industry.”

Operators interested in joining Vaunt’s third-party operator program are encouraged to reach out to Vaunt and learn more by visiting the dedicated operator page at https://flyvaunt.com/operator.

About Vaunt:

Vaunt, a Volato Group company, is reshaping private aviation by providing accessible and affordable access to empty-leg flights. Using proprietary software and a user-friendly mobile app, Vaunt enables spontaneous and frequent travelers to experience private aviation with ease. All Vaunt flights are operated by its DOT/FAA- authorized air carrier affiliate or by an approved vendor air carrier.

About Volato:

Volato (NYSE American: SOAR) is a private aviation company advancing the industry with innovative solutions in aviation software and on-demand flight access. Volato’s proprietary Mission Control software drives efficiency across operations and supports operators in managing fractional ownership, charter, and other services. Volato’s Vaunt platform connects travelers with available private flights, offering a flexible option for on-demand travel. With a commitment to advanced technology and customer-focused solutions, Volato is building scalable tools to elevate service quality and operational effectiveness in private aviation. For more information visit www.flyvolato.com.

All Volato Part 135 charter flights are operated by its DOT/FAA-authorized air carrier subsidiary (G C Aviation, Inc. d/b/a Volato) or by an approved vendor air carrier.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241113730665/en/

For Media:

media@flyvolato.com



For Investors:

investors@flyvolato.com

Source: Volato Group, Inc.

FAQ

What is Vaunt's new third-party operator program announced by Volato (SOAR)?

Vaunt's third-party operator program is an initiative that allows private aviation operators to join its platform, leveraging technology and member base to maximize empty leg flight utilization, following the successful integration of flyExclusive.

How does Vaunt's platform benefit aviation operators under Volato (SOAR)?

Operators benefit from increased visibility, enhanced operational efficiency, and the opportunity to maximize empty leg flight utilization through access to Vaunt's technology platform and extensive member base.

Who was the first major operator to integrate with Vaunt's platform under Volato (SOAR)?

flyExclusive, the fifth-largest operator in the United States, was the first major operator to integrate with Vaunt's platform.