flyExclusive Enters Aircraft Management Services Agreement With Volato Group; Expects The Agreement To Be Immediately Accretive To Both Top And Bottom Line
Portfolio Pulse from Benzinga Newsdesk
flyExclusive has entered into an aircraft management services agreement with Volato Group, which is expected to boost both companies' financial performance. flyExclusive will manage Volato's fleet operations, transferring approximately $75 million in revenues to flyExclusive.
September 03, 2024 | 11:23 am
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flyExclusive's new agreement with Volato Group is expected to be immediately accretive, transferring $75 million in revenues to flyExclusive. The company will manage Volato's fleet operations, leveraging its existing infrastructure.
The agreement with Volato Group is expected to be immediately accretive to flyExclusive's financials, with $75 million in revenues transferring to the company. The use of existing infrastructure suggests minimal additional costs, likely boosting profitability.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90