Volato Sells GC Aviation, Shifts Focus After Charter Exit
Volato has sold its subsidiary GC Aviation, Inc. for USD 2 million, including the transfer of its Part 135 air charter certificate. The move marks a strategic shift for the Houston-based private aviation firm as it refocuses on core growth areas and exits direct charter operations.
“This divestiture allows us to concentrate on segments of our business with the highest growth potential and strongest returns,” said Matt Liotta, co-founder and CEO of Volato.
The sale includes GC Aviation’s inactive Part 135 certificate, which stopped listing aircraft in early 2025. Volato had previously operated under this certificate for its managed aircraft services. In late 2024, the company began transitioning operations to FlyExclusive, initially using GC Aviation’s certificate before shifting aircraft to FlyExclusive’s own Part 135 certificate.
Proceeds from the sale will support Volato’s expanding portfolio, including its proprietary flight management platform, Mission Control, and its subsidiary Vaunt, which specializes in booking empty leg flights. The company also plans to invest in its aircraft trading and leasing operations.
Volato has been reshaping its business model following legal disputes over its fractional ownership program. It has since resolved those lawsuits and pivoted toward new ventures, including a business aviation cryptomining project that merges digital assets with operations of Citation Jet-series aircraft.
The sale of GC Aviation marks a significant step in Volato’s strategy to streamline operations and strengthen its position in niche segments of the private aviation market.
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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com