Volato HondaJet Fleet Expands by 50 Percent in 2023

The company, which operates primarily HondaJets, took delivery of eight aircraft this year, three of which came on board this month. According to Volato, its growth strategy involves both acquiring new aircraft from Honda Aircraft Company and contracting with owners to manage their airplanes. Between new deliveries and management contracts, the company’s fleet now totals 24 aircraft.

“Volato’s measured and thoughtful approach to fleet expansion is critical to achieving our long-term plan for sustainable growth,” said Volato 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.”

Volato currently has orders for 22 additional HondaJet Elite IIs with 10 scheduled for delivery in 2024. The company noted that it has also signed a letter of intent with HondaJet for its new Echelon transcontinental light jet design. Currently in development, the HondaJet Echelon was introduced as the HondaJet 2600 at the 2021 National Business Aviation Association’s Business Aviation Conference & Expo with its official name announced at this year’s show.

Volato offers fractional ownership, aircraft management, jet card, deposit, and charter programs. The company recently went public via a special purpose acquisition company (SPAC) merger with Proof Acquisition Corp I (PACI). Volato’s stock began trading on the New York Stock Exchange on December 4.