Volato Partners with Banyan Air Service to Expand Maintenance Capabilities in Southeast for Growing Fleet of HondaJets
January 18 2024 - 8:30AM
Business Wire
--Agreement expands Banyan’s geographical footprint outside of
Fort Lauderdale for the first time since its founding in 1979
--Creates new authorized HondaJet maintenance facility, a net
benefit for growing HondaJet ecosystem
Volato Inc. (NYSE American: SOAR) (“Volato”), a leading private
aviation company and the largest HondaJet operator in the United
States, today announced a strategic agreement with Banyan Air
Service to expand HondaJet maintenance at Volato’s primary
operational base. As part of the agreement, Banyan has subleased
Volato’s hangar at the Northeast Florida Regional Airport in St.
Augustine, Florida, to provide full-scale maintenance services for
Volato’s growing fleet of HondaJets.
The move is Banyan's first venture outside of Fort Lauderdale
and marks the establishment of an additional authorized HondaJet
service facility in the state of Florida. The integration of
services commenced on January 2nd, with the initial sublease term
set for three years. Additionally, Banyan has absorbed Volato’s
existing maintenance staff and plans to hire up to eight additional
maintenance roles in 2024.
"We are thrilled to partner with Banyan, increasing maintenance
capacity for our expanding HondaJet fleet in the Southeast right in
our own backyard," said Matt Liotta, Co-Founder and CEO of Volato.
"This initiative streamlines Volato’s operations and will support
our fleet expansion, delivering both operational efficiency and
cost savings compared to our previous in-house maintenance.”
"Expanding into St. Augustine represents a major milestone for
Banyan, marking our first venture beyond Fort Lauderdale," said Don
Campion, President of Banyan. "We look forward to increasing
regional accessibility by creating an additional authorized
HondaJet maintenance center for operators throughout the
region."
Volato will continue to participate in HondaJet’s maintenance
program, now with the benefit of more convenient access to
full-service maintenance facilities at its primary flight
operations location.
About Volato
Volato is a full-service private aviation company providing
modern ways to enjoy luxury private jets through innovative,
efficient, and sustainable solutions. Volato provides a fresh
approach to fractional ownership, aircraft management, jet card,
deposit and charter programs. Volato's fractional programs uniquely
offer flexible hours and a revenue share for owners in a fleet of
HondaJets, which are optimized for missions of up to four
passengers. For more information visit www.flyvolato.com.
All Volato Part 135 charter flights are operated by its
DOT/FAA-authorized air carrier subsidiary (G C Aviation, Inc. d/b/a
Volato) or by an approved vendor air carrier.
About Banyan Air Service
Founded in 1979, Banyan Air Service has proudly served the
aviation industry for more than 40 years. Strategically located at
Fort Lauderdale Executive Airport (KFXE) in South Florida, Banyan
is ideally situated as a gateway for flights to the Bahamas,
Caribbean, and South America. Recognized for its world-class
facilities and exceptional service, Banyan is an FAA and
EASA-approved repair station with maintenance and avionics repair
station approvals for numerous countries, offering a comprehensive
range of business aviation services including heavy maintenance,
interior modifications, turbine engine service, structural repairs,
avionics services, aircraft parts, and aircraft sales and
management. Additionally, Banyan's complex boasts the renowned
Banyan Pilot Shop and the Jet Runway Café. With a wide array of
services and voted #1 U.S. FBO, Banyan Air Service is the one-stop
solution for all aviation needs in Florida. For more information
visit www.banyanair.com.
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