Volato Group to Remove Five Leased Aircraft, Expects $1.2M Quarterly Savings

Volato Group, Inc.

Removing five leased aircraft from fleet, citing anticipated HondaJet deliveries and demand trends.
Expected cost savings of approximately $1.2 million per quarter from the lease terminations.
Failed to renegotiate leases on these aircraft to acceptable terms; termination is part of fleet optimization.
Still expects delivery of 10-12 new aircraft in 2024: 8-10 HondaJets and two Gulfstream G280s.
CEO states the decision aligns with long-term strategy for profitability and operational efficiency.

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