Volato Signs HondaJet Maintenance Agreement with Banyan Air Service

According to Volato, the agreement covers “full-scale maintenance services” for its HondaJets along with the sublease of a Volato hangar at Northeast Florida Regional Airport (KSGJ) in St. Augustine. Banyan will initially be subleasing the space for three years and service integration is already underway. Volto noted the move also establishes a new authorized HondaJet service facility in Florida.

"We are thrilled to partner with Banyan, increasing maintenance capacity for our expanding HondaJet fleet in the Southeast right in our own backyard," said Volato co-founder and CEO Matt Liotta. "This initiative streamlines Volato’s operations and will support our fleet expansion, delivering both operational efficiency and cost savings compared to our previous in-house maintenance.”

Volato, based in Atlanta, grew its HondaJet fleet by 50 percent last year, finishing 2023 with 24 aircraft. The company, which calls itself the largest HondaJet operator in the United States, also has orders for 22 additional HondaJets with 10 scheduled for delivery in 2024. In addition, it has signed a letter of intent for HondaJet’s Echelon transcontinental light jet, which is still in development.

Volato officially went public late last year, with its stock trading on the New York Stock Exchange beginning December 4. The company offers fractional ownership, aircraft management, jet card, deposit, and charter programs. 

An FAA and EASA-approved repair station, Banyan Air Service is based at Fort Lauderdale Executive Airport (KFXE) in Florida. It provides services including heavy maintenance, interior modifications, turbine engine service, structural repairs, avionics services, aircraft parts, and aircraft sales and management. The company has been in operation for 40 years.