Volato's subsidiary entered into a business loan and security agreement with TVT Capital Source LLC on July 26, 2024, securing a $4 million term loan with $1.8 million in interest, due January 28, 2025. The agreement requires weekly payments of $207,142.86 starting August 6, 2024, with a $200,000 origination fee.The loan agreement includes early repayment incentives, offering $800,000 or $600,000 reductions if repaid within 30 or 60 days respectively. The company granted TVT Capital a continuing security interest in all current and future amounts owed and personal property, excluding G280 aircraft purchase agreements and SAC Leasing V280 collateral.The agreement contains standard default provisions, including non-payment and covenant breaches. A default fee of $2,500 applies for missed payments, and the lender can accelerate payment obligations upon default.

Volato's subsidiary entered into a business loan and security agreement with TVT Capital Source LLC on July 26, 2024, securing a $4 million term loan with $1.8 million in interest, due January 28, 2025. The agreement requires weekly payments of $207,142.86 starting August 6, 2024, with a $200,000 origination fee.The loan agreement includes early repayment incentives, offering $800,000 or $600,000 reductions if repaid within 30 or 60 days respectively. The company granted TVT Capital a continuing security interest in all current and future amounts owed and personal property, excluding G280 aircraft purchase agreements and SAC Leasing V280 collateral.The agreement contains standard default provisions, including non-payment and covenant breaches. A default fee of $2,500 applies for missed payments, and the lender can accelerate payment obligations upon default.