Volato’s Vaunt Platform Achieves 50% ARR Growth, Poised for Further Expansion with New Excel/XLS Aircraft from flyExclusive

Rhea-AI Summary

Volato Group's Vaunt platform reported 50% revenue growth since June 2024 and announced the integration of Excel/XLS aircraft from flyExclusive's fleet. Following the recent addition of flyExclusive's CJ3+ fleet, this expansion will add up to 58 new jets to Vaunt's inventory. The Excel/XLS aircraft offers enhanced features including a 9-passenger cabin, 1,900 nautical mile range, and access to smaller airports. This integration aims to provide members with more flight options and is expected to boost Vaunt's financial performance.

Positive

• 50% revenue growth since June 2024
• Addition of up to 58 new Excel/XLS aircraft to fleet inventory
• Expansion of service capabilities with larger 9-passenger aircraft
• Strategic partnership growth with flyExclusive

Negative

• None.

Insights

Financial Analyst

The 50% ARR growth since June 2024 for Volato's Vaunt platform signals strong market traction in the private aviation sector. The strategic partnership with flyExclusive and fleet expansion with 58 Excel/XLS aircraft represents significant revenue potential through increased flight inventory and broader market reach.

The business model leverages the empty leg concept, optimizing aircraft utilization while offering cost-effective luxury travel options. The expansion into 9-passenger cabins opens up new market segments and revenue opportunities, particularly in group travel. The ability to access smaller airports with these aircraft expands the serviceable market and competitive advantage.

While specific financial metrics weren't disclosed, the rapid growth trajectory and fleet expansion indicate positive unit economics and strong market demand, supporting Volato's growth strategy in the competitive private aviation market.

Aviation Industry Analyst

The integration of Excel/XLS aircraft is strategically significant, addressing key market demands in the mid-range private aviation segment. These aircraft offer an optimal balance of range, capacity and airport accessibility, filling a important gap in Vaunt's service offering.

The 1,900 nautical mile range capability positions these aircraft perfectly for popular business and leisure routes while maintaining operational efficiency. The ability to access smaller airports with shorter runways expands the network effect of Vaunt's platform, creating a competitive moat in secondary markets underserved by larger aircraft.

ATLANTA--(BUSINESS WIRE)-- Volato Group, Inc. (NYSE America: SOAR) announced that Vaunt, the innovative empty leg private aviation booking platform, achieved 50% revenue growth since June 2024, and announced the expansion of its flight inventory with the integration of the first Excel/XLS flights from flyExclusive’s fleet. Building on the successful launch and integration of flyExclusive’s CJ3+ fleet earlier this month, this latest addition reinforces Vaunt’s commitment to providing its members with greater inventory flexibility and an enhanced flying experience.

The integration of Excel/XLS aircraft marks a significant milestone, introducing up to an additional 58 jets from flyExclusive’s fleet to Vaunt’s inventory. These aircraft will be gradually made available to Vaunt members, enabling more options for spontaneous, luxurious, and cost-effective private travel, while anticipated to accelerate the growth of Vaunt’s financial performance.

“Following the positive feedback from members flying on flyExclusive’s CJ3+ fleet, the addition of Excel/XLS aircraft further underscores our mission to make private aviation more accessible and enjoyable for all,” said Nicholas Cooper, President at Vaunt. “The Excel/XLS offers a winning combination of comfort, performance, and range, and for the first time offering our members a 9-passenger cabin experience. As always, Vaunt members can bring their friends and family at no additional cost to join them and fly.”

Why the Excel/XLS is a valuable addition for Vaunt Members:

• Enhanced Comfort: With a spacious cabin accommodating up to 9 passengers, the Excel/XLS provides roomier interiors and luxurious seating for an elevated in-flight experience.
• Impressive Range and Speed: These jets can travel up to 1,900 nautical miles, making them ideal for mid-range flights without fuel stops.
• Versatile Performance: The Excel/XLS is renowned for its ability to access smaller airports with shorter runways, offering more unique destinations for Vaunt members.
• Baggage Capacity: With generous luggage space, the aircraft is perfect for both business and leisure travelers requiring additional storage.

The Excel/XLS integration reflects Vaunt’s ongoing partnership with flyExclusive and its dedication to growing its network of premium operators. The additional fleet expansion ensures that members can access a broader range of flights, creating even more opportunities to soar spontaneously.

For more information about Vaunt and its membership offerings, please visit www.flyvaunt.com.

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.

About flyExclusive:

flyExclusive operates one of the largest private jet fleets in North America, providing private charter services through its diverse range of aircraft. They offer tailored travel solutions to meet the needs of their customers and are committed to delivering a seamless flight experience.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241122262363/en/

For Media:

media@flyvolato.com

For Investors:

investors@flyvolato.com

Source: Volato Group, Inc.

FAQ

What is Volato's (SOAR) revenue growth for Vaunt platform in 2024?

Volato's Vaunt platform achieved 50% revenue growth since June 2024.

How many new Excel/XLS aircraft is Volato (SOAR) adding to its Vaunt platform?

Volato is adding up to 58 Excel/XLS aircraft from flyExclusive's fleet to the Vaunt platform.

What is the passenger capacity of the new Excel/XLS aircraft added to Volato's (SOAR) Vaunt platform?

The Excel/XLS aircraft added to the Vaunt platform can accommodate up to 9 passengers.

What is the range of the new Excel/XLS aircraft in Volato's (SOAR) Vaunt platform?

The Excel/XLS aircraft has a range of up to 1,900 nautical miles.