Volato Sells GC Aviation for $2 Million, Strengthening Focus on Scalable Platform Growth

Rhea-AI Summary

Volato Group (NYSE American: SOAR) has announced the sale of GC Aviation for $2 million in cash. The transaction includes the transfer of GC Aviation's FAA Part 135 air carrier certificate, which Volato had previously used for its managed aircraft operations.

The strategic divestiture aligns with Volato's focus on developing scalable, technology-enhanced solutions while transferring direct flight operations responsibility to third-party operators. The company plans to utilize the proceeds to support growth initiatives within its Mission Control software, Vaunt experiential travel platform, and aircraft trading and leasing operations.

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• None.

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• Reduction in operational control through loss of FAA Part 135 air carrier certificate

Strategic divestiture aligns resources toward high-growth technology and aircraft trading initiatives

ATLANTA, GA, June 30, 2025 (GLOBE NEWSWIRE) -- Volato Group, Inc. (the “Company” or “Volato”) (NYSE American: SOAR), a technology-driven private aviation company, today announced the completed sale of GC Aviation, Inc. (“GC Aviation”) for $2 million in cash. The transaction included the transfer of GC Aviation’s FAA Part 135 air carrier certificate, under which Volato had conducted its managed aircraft operations.

The sale reflects Volato’s ongoing strategy to sharpen its focus on scalable, technology-enhanced solutions while offloading direct operational responsibility for flight services to third-party operators. Proceeds from the transaction will be directed toward growth initiatives within Mission Control, Vaunt, and the Company’s expanding aircraft trading and leasing platforms.

“Divesting GC Aviation was a deliberate move to concentrate on the areas of our business with the highest growth potential and strongest returns,” said Matt Liotta, Co-Founder and CEO of Volato. “It allows us to deploy capital more effectively, strengthen our balance sheet, and accelerate platform-driven opportunities that expand value for our customers and shareholders.”

Volato continues to deliver industry-leading solutions through its proprietary Mission Control software, the Vaunt experiential travel platform, and its innovative approach to aircraft monetization. These core businesses support a more capital-efficient operating model and reinforce Volato’s commitment to building a next-generation aviation ecosystem.

About Volato

Volato is a private aviation company advancing the industry with innovative solutions in aviation software and on-demand flight access. Volato’s proprietary Mission Control software drives efficiency across operations and supports operators in managing fractional ownership, charter, and other services. Volato’s Vaunt platform connects travelers with available private flights, offering a flexible option for on-demand travel. With a commitment to advanced technology and customer-focused solutions, Volato is building scalable tools to elevate service quality and operational effectiveness in private aviation.

For more information about Volato, please visit www.flyvolato.com.

For Media:
media@flyvolato.com

For Investors:
investors@flyvolato.com

FAQ

What is the value of Volato's (SOAR) sale of GC Aviation?

Volato sold GC Aviation for $2 million in cash.

Why did Volato (SOAR) sell GC Aviation?

Volato sold GC Aviation to focus on scalable, technology-enhanced solutions and redirect capital toward growth initiatives in Mission Control, Vaunt, and aircraft trading platforms.

What will Volato (SOAR) do with the proceeds from the GC Aviation sale?

The proceeds will be directed toward growth initiatives within Mission Control, Vaunt, and the Company's expanding aircraft trading and leasing platforms.

What was included in Volato's (SOAR) sale of GC Aviation?

The sale included GC Aviation's FAA Part 135 air carrier certificate, under which Volato had conducted its managed aircraft operations.

How does the GC Aviation sale affect Volato's (SOAR) business model?

The sale enables Volato to transition to a more capital-efficient operating model by focusing on technology platforms while transferring flight operations to third-party operators.