Kinston, North Carolina

flyExclusive strengthens operations with Volato acquisition

Structured transaction delivers immediate aviation value and secures future growth assets

Private jet charter and fractional ownership company, flyExclusive, Inc., has entered into a structured agreement with Volato Group, Inc. to acquire Volato’s aircraft sales division, expected to generate $6-8m in profit in fourth quarter 2025, for $2.1m in stock.

The agreement also grants flyExclusive the right to acquire additional high-growth technology platforms, including Vaunt, a luxury experiential travel app providing access to private jet empty legs, and Mission Control, a cutting edge flight management private aviation operation software.

“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,” said 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 program and Mission Control streamlines Part 135 aviation scheduling and operations to further enhance our industry leading client experience. 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.”

Transaction Summary

flyExclusive will issue $2.1m FLYX stock immediately to Volato, to be distributed directly to Volato shareholders via a dividend, in exchange for Volato’s aircraft sales division.
flyExclusive also secures the right to acquire Vaunt and Mission Control, along with other IP, for an additional $2.0m of FLYX stock, providing flexibility to bring these growth assets fully in-house.

“This transaction delivers clear, incremental value for Volato shareholders while maintaining full alignment with our planned merger with M2i,” said Matt Liotta, CEO of Volato.

“By structuring it this way, we protect the integrity of the M2i deal while adding direct participation in flyExclusive’s growth through FLYX stock. It’s a clean, accretive outcome that strengthens both companies and rewards both shareholder bases.”