The structured $2.1 million stock transaction has strengthened flyExclusive’s integration strategy and set up a potential acquisition of Volato’s Vaunt and Mission Control platforms.
flyExclusive has entered into a structured agreement with Volato Group to acquire its aircraft sales division for $2.1 million in stock. The acquisition is expected to generate between $6 and $8 million in profit for flyExclusive in the fourth quarter of 2025.
Based in Kinston, North Carolina, flyExclusive also gained the right to acquire Volato’s high-growth technology assets, including Vaunt, a travel app for luxury jet experiences, and Mission Control, private aviation operations software.
The two companies first partnered in September last year when Volato transitioned the management of its fleet operations to flyExclusive.
“We entered into our original agreement with Volato to provide a unique solution to Volato's customers while maintaining an option to acquire the entire company. That, however, would have meant assuming debt and obligations that didn't align with our transformation and growth strategy,” says Jim Segrave, chairman and CEO of flyExclusive. “This structured transaction delivers far greater value, at an attractive multiple on our invested capital, plus the ability for flyExclusive to expand our services in the software sector by bringing exciting high growth technology platforms in Vaunt and Mission Control fully under our control.
"The Vaunt platform generates attractive cash flows through its membership programme and Mission Control streamlines Part 135 aviation scheduling and operations to further enhance our industry leading client experience," he adds. "flyExclusive intends to continue developing both platforms and offer the state-of-the-art scheduling system to all operators in the space. This agreement is a disciplined, accretive outcome that strengthens our vertical integration and positions us for continued long-term growth and value creation.”
Under the terms of the deal, flyExclusive will issue $2.1 million of FLYX stock immediately to Volato, which will be distributed directly to Volato shareholders via a dividend. flyExclusive also secured the right to acquire Vaunt and Mission Control for an additional $2 million of FLYX stock.
