Volato has executed a strategic sale and leaseback transaction for a Gulfstream G280 jet on August 9, 2024. The company sold the aircraft to TVPX Aircraft Solutions for $20 million and simultaneously entered into a 3-month lease agreement with monthly rental payments of $266,666 and a security deposit of $300,000.The agreement includes a repurchase option at $20.875 million if exercised by October 8, 2024, or $21.225 million if exercised by November 7, 2024. A closing fee of $300,000 is due by September 8, 2024, or upon aircraft repurchase, whichever comes first. Additionally, the company amended its Pre-Delivery Payment Promissory Notes timing and fully repaid them upon aircraft delivery.

Volato has executed a strategic sale and leaseback transaction for a Gulfstream G280 jet on August 9, 2024. The company sold the aircraft to TVPX Aircraft Solutions for $20 million and simultaneously entered into a 3-month lease agreement with monthly rental payments of $266,666 and a security deposit of $300,000.The agreement includes a repurchase option at $20.875 million if exercised by October 8, 2024, or $21.225 million if exercised by November 7, 2024. A closing fee of $300,000 is due by September 8, 2024, or upon aircraft repurchase, whichever comes first. Additionally, the company amended its Pre-Delivery Payment Promissory Notes timing and fully repaid them upon aircraft delivery.