Volato Group, Inc. has entered into a Sixth Amendment to its Aircraft Management Services Agreement with flyExclusive, Inc., extending the term of the contract. The amendment amends and restates Section 2(a) of the original agreement, setting the expiration date for the services agreement at 5:00 p.m. Eastern Time on December 31, 2026.
Under the original agreement, Volato engaged flyExclusive to provide aircraft management services, with flyExclusive serving as the exclusive provider. The arrangement also included a provision where flyExclusive would use commercially reasonable efforts to include designated aircraft in Volato’s Vaunt empty-leg flight platform at no cost to Volato.
The filing notes that the right previously granted to flyExclusive to cause Volato to merge with and into a wholly owned subsidiary of flyExclusive has expired and is no longer in effect. Additionally, the amendment does not modify the Asset Options or any other provisions of the Agreement.
Previously, on March 6, 2026, the Company sold certain unused intellectual property assets to flyExclusive for $1.3 million, payable in cash or shares of flyExclusive Class A common stock. Following that transaction, $0.7 million of assets remained available for sale to flyExclusive under the terms of the Agreement.
