flyExclusive Enters Aircraft Management Services Agreement With Volato Group; Expects The Agreement To Be Immediately Accretive To Both Top And Bottom Line

Under the terms of the agreement, the Company will manage flight operations, sales and expenses of Volato’s fleet, consisting of 13 fully fractionalized aircraft, 8 leased aircraft and 4 managed aircraft.

Votato revenues, excluding aircraft sales, expected to transfer to FLYX are approximately $75m. Due to the infrastructure flyExclusive has in place, the Company is confident these flights can be executed with minimal additional overhead.