Volato Group Business Summary

Volato Group, Inc. (SOAR) operates a hybrid business model transitioning from a pure-play private aviation provider to a technology-driven dual-platform focused on aviation software and critical minerals supply chain management. The company generates revenue through fractional aircraft ownership programs, on-demand charter services, and its proprietary software-as-a-service (SaaS) platforms, including the Mission Control flight management system, the Vaunt empty-leg marketplace, and the Parslee AI document intelligence tool. Following its pending merger with M2i Global, scheduled for a shareholder vote on February 26, 2026, Volato is expanding into the critical minerals sector, leveraging its software for supply chain transparency and traceability. Its primary business segments include Aviation Services, Software & Technology, and Critical Minerals. Direct competitors include flyExclusive, Inc., Jet.AI Inc., and Surf Air Mobility Inc. Volato distinguishes itself by focusing on the light-jet segment—specifically the HondaJet fleet—and integrating advanced AI-driven operational software to optimize asset utilization and supply chain logistics. The company was co-founded by Matthew "Matt" Liotta and Nicholas Cooper. Matt Liotta currently serves as the Chairman and Chief Executive Officer, bringing a background as a serial entrepreneur who previously founded Agrify and PodPonics. Mark Heinen serves as the Chief Financial Officer, offering over 25 years of experience including prior roles at Better Therapeutics and Trintech. The leadership team also includes Michael Prachar as Chief Operating Officer and Luis Garcia as Executive Vice President of Sales. Notable board members include recently appointed Audit Committee Chairman Alan D. Gaines, an experienced energy and finance executive. While Maj. Gen. (Ret.) Alberto Rosende is slated to assume the CEO role upon the completion of the M2i Global merger later in Q1 2026, the current leadership remains focused on executing the company’s strategic pivot toward high-margin software and national security-aligned mineral supply chains.