Volato starting Fractional Service-HondaJet
08-30-2024, 08:38 PM
#52
Gets Weekends Off
Joined APC: May 2011
Position: 737 CA
Posts: 959
FlyExclusive
Best of luck to the Volato pilots.
08-31-2024, 07:42 AM
#53
Gets Weekends Off
Joined APC: Dec 2018
Posts: 169
Sounds like all of the aircraft were signed over (leased?) to FlyExclusive to be flown by them. Word is that ~40 pilots will be rehired at reduced salary, presumably to operate the remaining planes as they are gradually transitioned over to FE's certificate, but after that, who knows? Will FE hire displaced Volato pilots, and if so, how many? Don't know. This move took the entire pilot group (and a few others) by surprise.
09-02-2024, 05:57 PM
#54
Gets Weekends Off
Joined APC: Dec 2018
Posts: 169
FlyExclusive to be Volato aircraft management services provider
We'll see
FlyExclusive has signed a letter of intent to become Volato’s aircraft management services provider. It expects to begin operating the former’s aircraft as soon as Sunday.
The deal pairs North America’s 5th and 17th-largest charter/fractional private jet operators.
Sources tell Private Jet Card Comparisons that the duo is discussing a potential merger.
Late this afternoon, Volato announced widespread layoffs, including for pilots.
However, the layoffs are part of the transition, with some impacted Volato employees, including pilots, expected to join FlyExclusive.
The deal pairs North America’s 5th and 17th-largest charter/fractional private jet operators.
Sources tell Private Jet Card Comparisons that the duo is discussing a potential merger.
Late this afternoon, Volato announced widespread layoffs, including for pilots.
However, the layoffs are part of the transition, with some impacted Volato employees, including pilots, expected to join FlyExclusive.
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