Volato Group Inc (NYSE American: SOAR) is a private aviation and software company that generates revenue primarily through Gulfstream G280 aircraft sales and proprietary aviation software licensing. The company takes delivery of G280 aircraft under pre-arranged purchase agreements and sells them to third parties, recording the margin on each transaction. In FY2025, Volato generated total revenue of $78.6 million, an increase of $39.5 million (101%) compared to FY2024, driven by the delivery and sale of three Gulfstream G280s in 2025 versus one in 2024. In September 2024, Volato transferred its aircraft ownership program fleet operations to flyExclusive, with those operations reclassified as discontinued. Alongside aircraft sales, the company offers Mission Control, an aviation operations software platform, Vaunt, an empty-leg consumer booking app, and Parslee, an enterprise AI document intelligence platform for Microsoft 365 that entered its first paying pilot programs in Q3 2025. A pending merger with M2i Global, Inc., announced July 28, 2025, would result in M2i stockholders owning approximately 85% of the combined company upon closing.

Revenue model

Aircraft sales (transactional, margin on Gulfstream G280 deliveries and resales to third parties) are the primary revenue driver as of FY2025. Software revenue from Mission Control operator licensing, Vaunt consumer app, and Parslee enterprise AI platform (beta/pilot stage as of Q3 2025) represents an early-stage secondary stream.

Products and services

Mission Control: aviation operations software with CRM, omnichannel communications, real-time KPI dashboards, and sales tools for private aviation operators. Vaunt: consumer-facing empty-leg booking app. Parslee: enterprise AI platform for Microsoft 365 combining document intelligence with autonomous workflow agents, launched September 2025 with first paying pilots in Q3 2025. Gulfstream G280 aircraft: sourced under pre-delivery payment agreements and resold to third parties.

Customers and end markets

Aircraft buyers are third-party purchasers of Gulfstream G280 jets. Mission Control targets private aviation operators. Parslee targets enterprise customers working with complex documents such as contracts and regulatory filings. Vaunt targets private aviation consumers seeking empty-leg flights. flyExclusive is both a key contractual partner (operating the Vaunt product fleet) and a former fleet operations counterparty.

Value-chain role

Asset-light aircraft intermediary: sources Gulfstream G280s under pre-delivery payment credit facilities and resells to third parties without retaining flight operations. Software layer: provides proprietary SaaS tools to aviation operators and, separately, enterprise AI software to non-aviation customers. Relies on flyExclusive as the third-party operator for Vaunt product flights.

Source: SEC 10-K, filed 2026-03-12

Industry: Air Transportation, Nonscheduled Peers: Delta Air Lines Inc HARBOR DIVERSIFIED, INC. Republic Airways Holdings Inc Jet.AI Inc Surf Air Mobility Inc