Volato Updates Fractional Program with Additional Differentiated Benefits
Volato Group, Inc. (NYSE American: SOAR), the largest HondaJet operator in the US, has announced enhancements to its fractional program. The company has returned $8.5 million in revenue share to fractional owners since August 2021. Key updates for new buyers include:
1. Minimum Revenue Share Guarantee of 650 revenue hours annually for new HondaJet and G280 fractional aircraft.
2. Guaranteed Light Jet Availability for HondaJet program owners at 1.5 times the applicable HondaJet rate plus fuel.
3. Elimination of Repositioning Charges within the continental US.
4. Reduction in Peak Days by 8 days.
These changes aim to provide greater value, flexibility, and financial efficiency to fractional owners.
Volato Group, Inc. (NYSE American: SOAR), il più grande operatore di HondaJet negli Stati Uniti, ha annunciato miglioramenti al suo programma frazionario. L'azienda ha restituito 8,5 milioni di dollari in quote di reddito ai proprietari frazionari dal mese di agosto 2021. Le principali novità per i nuovi acquirenti includono:
1. Garanzia di Quota di Reddito Minima di 650 ore di reddito annuali per i nuovi aerei frazionari HondaJet e G280.
2. Disponibilità Garantita di Aerei Leggeri per i proprietari del programma HondaJet a 1,5 volte la tariffa applicabile di HondaJet più carburante.
3. Eliminazione delle Spese di Riposizionamento all'interno degli Stati Uniti continentali.
4. Riduzione dei Giorni di Picco di 8 giorni.
Questi cambiamenti mirano a fornire maggiore valore, flessibilità ed efficienza finanziaria ai proprietari frazionari.
Volato Group, Inc. (NYSE American: SOAR), el mayor operador de HondaJet en EE. UU., ha anunciado mejoras en su programa fraccionado. La empresa ha devuelto 8,5 millones de dólares en participación de ingresos a los propietarios fraccionarios desde agosto de 2021. Las actualizaciones clave para los nuevos compradores incluyen:
1. Garantía de Participación de Ingresos Mínima de 650 horas de ingresos anuales para los nuevos aviones fraccionarios HondaJet y G280.
2. Disponibilidad Garantizada de Jets Ligeros para los propietarios del programa HondaJet a 1,5 veces la tarifa de HondaJet aplicable más combustible.
3. Eliminación de Cargos de Reposicionamiento dentro de los Estados Unidos continentales.
4. Reducción de Días Pico en 8 días.
Estos cambios tienen como objetivo proporcionar mayor valor, flexibilidad y eficiencia financiera a los propietarios fraccionarios.
Volato Group, Inc. (NYSE American: SOAR)는 미국에서 가장 큰 HondaJet 운영자로서 자사의 분할 프로그램 개선 사항을 발표했습니다. 회사는 2021년 8월 이후로 분할 소유자에게 850만 달러의 수익금을 반납했습니다. 새로운 구매자를 위한 주요 업데이트는 다음과 같습니다:
1. 최소 수익 보장 매년 650시간의 수익 시간을 새로운 HondaJet 및 G280 분할 항공기 위해 보장합니다.
2. 경량 제트기 이용 보장 HondaJet 프로그램 소유자에게 HondaJet 요금의 1.5배에 연료를 추가한 요금으로 제공합니다.
3. 미국 본토의 재배치 요금 제거.
4. 피크 일수 감소 8일.
이러한 변화는 분할 소유자에게 더 큰 가치, 유연성 및 재정 효율성을 제공하기 위한 것입니다.
Volato Group, Inc. (NYSE American: SOAR), le plus grand opérateur de HondaJet aux États-Unis, a annoncé des améliorations à son programme fractionnel. L'entreprise a remboursé 8,5 millions de dollars en partage des revenus aux propriétaires fractionnaires depuis août 2021. Les principales mises à jour pour les nouveaux acheteurs comprennent :
1. Garantie de Partage de Revenus Minimum de 650 heures de revenus annuels pour les nouveaux aéronefs fractionnels HondaJet et G280.
2. Disponibilité Garantie d'Avions Légers pour les propriétaires du programme HondaJet à 1,5 fois le tarif applicable de HondaJet plus le carburant.
3. Élimination des Frais de Repositionnement sur le territoire continental des États-Unis.
4. Réduction des Jours de Pointe de 8 jours.
Ces changements visent à offrir plus de valeur, de flexibilité et d'efficacité financière aux propriétaires fractionnaires.
Volato Group, Inc. (NYSE American: SOAR), der größte HondaJet-Betreiber in den USA, hat Verbesserungen seines Fraktionsprogramms angekündigt. Das Unternehmen hat seit August 2021 8,5 Millionen Dollar an Einnahmen an die Fraktionseigentümer zurückgezahlt. Wichtige Aktualisierungen für neue Käufer umfassen:
1. Mindesteinnahmen-Garantie von 650 Einnahmestunden pro Jahr für neue HondaJet und G280 Fraktionsflugzeuge.
2. Garantierte Verfügbarkeit von Leichtflugzeugen für HondaJet-Programm-Eigentümer zum 1,5-fachen des anwendbaren HondaJet-Tarifs zuzüglich Kraftstoff.
3. Streichung von Umpositionierungsgebühren innerhalb der kontinentalen USA.
4. Reduzierung der Spitzenzeiten um 8 Tage.
Diese Änderungen sollen Fraktionseigentümern einen höheren Wert, Flexibilität und finanzielle Effizienz bieten.
- Returned $8.5 million in revenue share to fractional owners since inception
- Introduced minimum revenue share guarantee of 650 revenue hours annually for new HondaJet and G280 fractional aircraft
- Guaranteed light jet availability for HondaJet program owners at competitive rates
- Eliminated repositioning charges within the continental US
- Reduced peak days by 8 days, offering greater fleet access during high-demand periods
- None.
Insights
From a financial analysis perspective, the guaranteed minimum revenue share of 650 revenue hours annually is significant. This provides a more predictable revenue stream for new buyers of the HondaJet and G280 fractional aircraft. Predictability in revenue and costs is important for fractional owners, as it helps them budget more accurately and anticipate returns on their investments. Additionally, returning
From a market perspective, these updates enhance Volato’s competitive edge in the fractional ownership market. The guarantee of light jet availability and the elimination of repositioning charges address common pain points for fractional owners. Such customer-centric updates can set Volato apart from competitors, potentially increasing their market share. The reduction in peak days further enhances accessibility during high-demand periods, which is a strategic move to attract more clients who value flexibility. These changes are not just incremental but strategic enhancements that could significantly improve customer satisfaction and retention.
For the aviation sector, Volato's move to guarantee minimum revenue share and ensure light jet availability is a forward-thinking approach. It acknowledges the varying needs of private aviation clients, who often look for flexibility in aircraft options and predictable cost structures. By offering access to more capable light jets like the Phenom 300 and Citation CJ3 at competitive rates, Volato is addressing a broader range of travel needs, which can be particularly appealing to high-net-worth individuals and businesses. Also, the substantial reduction in peak days improves fleet utilization and accessibility, enhancing operational efficiency.
- Only Industry Fractional Program with Revenue Share Returns
- Introduces a New Guaranteed Minimum Revenue Share to All New HondaJet and G280 Fractional Buyers
"We are thrilled to introduce these updates to our fractional program, which provide even greater value to our customers and make our fractional program more competitive," said Matt Liotta, CEO of Volato. "Our goal is to consistently exceed the expectations of our fractional owners by providing them with a best-in-class private aviation experience, maximum service value, and flexibility. We are especially proud of the
Key Fractional Owner Program Updates for New Buyers:
- Minimum Revenue Share Guarantee: Volato will guarantee a minimum revenue share of 650 revenue hours a year for new HondaJet and G280 fractional aircraft, even if the aircraft flies fewer actual revenue hours in that year. This provides a more predictable set of total program costs and revenues for Volato’s fractional owners.
- Guaranteed Light Jet Availability: HondaJet program owners will now enjoy guaranteed access to a range of light jets with greater passenger and/or range capability than the HondaJet. This includes access to popular models such as the Phenom 300, Citation CJ3, and others, at a competitive rate that is 1.5 times the customer’s applicable HondaJet rate plus fuel.
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Elimination of Repositioning Charges: Volato has removed repositioning charges for all flights within the continental
United States , simplifying the program and removing unexpected costs. - Reduction in Peak Days: Volato is substantially reducing the number of peak days by 8 days, providing owners with greater flexibility and access to the fleet during high-demand periods.
“It’s not often that fractional providers prioritize innovation or implement changes that decidedly favor the client, but at Volato we’re different. We know what it’s like to be owners sitting in the back of the plane,” said Luis Garcia, Executive Vice President of Sales at Volato. “By offering a minimum revenue guarantee, eliminating repositioning costs in the
To learn more about Volato’s fractional owner program, visit: FlyVolato.com
About Volato:
Volato (NYSE American: SOAR) is a leader in private aviation, redefining air travel through modern, efficient, and customer-designed solutions. Volato provides a fresh approach to fractional ownership, aircraft management, jet card, deposit and charter programs, all powered by advanced, proprietary mission control technology. Volato's fractional programs uniquely offer flexible hours and a revenue share for owners across the world’s largest fleet of HondaJets, which are optimized for missions of up to four passengers. For more information visit www.flyvolato.com.
All Volato Part 135 charter flights are operated by its DOT/FAA-authorized air carrier subsidiary (GC Aviation, Inc. d/b/a Volato) or by an approved vendor air carrier.
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Source: Volato Group, Inc.
FAQ
What is the new minimum revenue share guarantee offered by Volato (SOAR) for fractional aircraft owners?
How much has Volato (SOAR) returned to fractional owners in revenue share since its inception?
What changes has Volato (SOAR) made to repositioning charges for fractional owners?
How has Volato (SOAR) improved light jet availability for HondaJet program owners?
