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Volato Plans To Enhance Operational Efficiency And Profitability; To Remove Five Leased Aircraft From Its Fleet

Author: Benzinga Newsdesk | August 19, 2024 05:02pm

This action is expected to provide approximately $1.2 million per quarter in cost savings. As a result, Volato has decided to end these less profitable leases as part of its broader fleet optimization strategy.

The Company continues to expect to take delivery of a total of 10 to 12 new aircraft in 2024, including 8 to 10 HondaJets and two Gulfstream G280s.

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