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Volato Group | 8-K: Current report

SEC announcement ·  Feb 21 22:15
Summary by Futu AI
On February 21, 2024, Volato Group, Inc., a Delaware-incorporated company listed under the ticker SOAR on the NYSE American LLC, filed a Form 8-K with the SEC. The report announced the posting of an updated corporate presentation on the company's Investor Relations website. This presentation, dated February 21, 2024, is now attached as Exhibit 99.1 to the report. Volato Group, which operates the largest floating fleet of HondaJets and has secured approximately 35% of HondaJet production through 2026, is recognized for its innovative business model. The company fractionalizes aircraft orders, selling them often before delivery, and operates these aircraft on 5-year contracts to maximize utilization and profit. Volato's business model also allows fractional owners to fly unlimited hours regardless of ownership fraction size and...Show More
On February 21, 2024, Volato Group, Inc., a Delaware-incorporated company listed under the ticker SOAR on the NYSE American LLC, filed a Form 8-K with the SEC. The report announced the posting of an updated corporate presentation on the company's Investor Relations website. This presentation, dated February 21, 2024, is now attached as Exhibit 99.1 to the report. Volato Group, which operates the largest floating fleet of HondaJets and has secured approximately 35% of HondaJet production through 2026, is recognized for its innovative business model. The company fractionalizes aircraft orders, selling them often before delivery, and operates these aircraft on 5-year contracts to maximize utilization and profit. Volato's business model also allows fractional owners to fly unlimited hours regardless of ownership fraction size and earn revenue from the asset. The company's software strategy, including a proprietary platform called Vaunt, aims to drive improvements in automation, productivity, and efficiency in operations. The report emphasizes that the information contained in Item 7.01 and Exhibit 99.1 is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act, nor incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

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