News Release

Volato's Vaunt platform achieves 50% ARR growth, poised for further expansion with new Excel/XLS aircraft from flyExclusive

November 22, 2024:

Volato Group, Inc. has announced that Vaunt, its innovative empty leg private aviation booking platform, has achieved 50% revenue growth since June 2024 and has expanded flight inventory with the integration of the first Cessna Citation Excel/XLS flights from flyExclusive's fleet. Building on the successful launch and integration of flyExclusive's Citation CJ3+ fleet earlier this month, this latest addition reinforces Vaunt's commitment to providing its members with greater inventory flexibility and an enhanced flying experience.

The integration of Excel/XLS aircraft marks a significant milestone, introducing up to an additional 58 jets from flyExclusive's fleet to Vaunt's inventory. These aircraft will be gradually made available to Vaunt members, enabling more options for spontaneous, luxurious and cost-effective private travel, while anticipated to accelerate the growth of Vaunt's financial performance.

“Following the positive feedback from members flying on flyExclusive's CJ3+ fleet, the addition of Excel/XLS aircraft further underscores our mission to make private aviation more accessible and enjoyable for all,” said Nicholas Cooper, president at Vaunt. “The Excel/XLS offers a winning combination of comfort, performance and range, and for the first time offering our members a nine-passenger cabin experience. As always, Vaunt members can bring their friends and family at no additional cost to join them and fly.”

Why the Excel/XLS is a valuable addition for Vaunt members:

- Enhanced comfort: With a spacious cabin accommodating up to nine passengers, the Excel/XLS provides roomier interiors and luxurious seating for an elevated in-flight experience.

- Impressive range and speed: These jets can travel up to 1,900 nautical miles, making them ideal for mid-range flights without fuel stops.

- Versatile performance: The Excel/XLS is renowned for its ability to access smaller airports with shorter runways, offering more unique destinations for Vaunt members.

- Baggage capacity: With generous luggage space, the aircraft is perfect for both business and leisure travellers requiring additional storage.

The Excel/XLS integration reflects Vaunt's ongoing partnership with flyExclusive and its dedication to growing its network of premium operators. The additional fleet expansion ensures that members can access a broader range of flights, creating even more opportunities to soar spontaneously.