Sarah Rose (they/them) is a news writer and reporter for AIN. 
Prior to AIN, Sarah worked as a journalist for Georgia Public Broadcasting, Georgia&#039;s statewide NPR and PBS affiliate. They have also worked for several national nonprofits and as a legislative assistant in U.S. Congress. As an openly nonbinary reporter, they are a proud member of the Trans Journalists Association. 
Sarah is a 2012 graduate of Kennesaw State University.

News Writer

Sarah Rose

Volato has cut five aircraft from its fleet in a move the company has characterized as part of “ongoing efforts to enhance operational efficiency and profitability.”&nbsp;The announcement comes on the heels of the company’s quarterly financial report indicating a net loss of $34.3 million in the six months this year. In the second quarter,&nbsp;it reported more than $17 million in losses.
The company said it expects to save &nbsp;$1.2 million per quarter as a result of the fleet reduction. Volato also secured a $4 million term loan at the end of the quarter which it says will enhance its “cash position and support (it) on (the company’s) path to profitability.”&nbsp;It is still expecting the delivery of eight to 10 HondaJets and two Gulfstream G280s in this fiscal year.
Meanwhile, Volato was informed on June 18 by the New York Stock Exchange that it was not in compliance with the exchange’s listing standards, which requires companies to have an equity of at least $2 million.
“We have always been transparent about the challenges we face, including delayed aircraft deliveries and the need to manage our fleet size prudently,” said Volato CEO Matt Liotta. “Today’s decision is a continuation of our previously announced cost-saving measures and reflects our commitment to making strategic adjustments that position Volato for long-term success.”
At press time, Volato did not respond to AIN's requests for comment.

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.

Volato Cuts Five Aircraft from Fleet Amid Financial Troubles

Company said move is "cost efficiency measure"

Volato has announced that five aircraft have been cut from its fleet.

Volato Cuts Five Jets from Fleet Amid Financial Issues

2024 Corporate Aviation Leadership Summit

News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

Platform was designed to simplify in-flight catering management

Air Culinaire Introduces Portal for In-flight Catering

Amy Wilder

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Customers can resell empty seats to reduce costs

FlyJets Exchange Enables Peer-to-peer Flight Sales 

Opening is second in Canada for company

Air Charter Service Opens Montreal Office

Company adjusts fleet, MRO operations

FAI Aviation Group Reports €130M in Revenue

Charles Alcock

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

News and issues about aviation maintenance, repair and overhaul (MRO), covering all segments of the aviation industry; and modifications for aircraft and engines. Subjects include product support of aircraft, engines and avionics, MRO company mergers, acquisitions, announcements and personnel, Airworthiness Directives, Supplemental Type Certificate approvals and other topics.

Zenith operates three Learjets and has a maintenance operation at London Biggin Hill Airport 

Opul Acquires Charter and Maintenance Provider Zenith

‘The business is doing a better job because of it’

FlyExclusive Reflects on Its First Public Year

Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.

More In Charter & Fractional

Air Culinaire Introduces Portal for In-flight Catering

Platform was designed to simplify in-flight catering management

FlyJets Exchange Enables Peer-to-peer Flight Sales

Customers can resell empty seats to reduce costs

Air Charter Service Opens Montreal Office

Opening is second in Canada for company

FAI Aviation Group Reports €130M in Revenue

Company adjusts fleet, MRO operations

Opul Acquires Charter and Maintenance Provider Zenith

Zenith operates three Learjets and has a maintenance operation at London Biggin Hill Airport

FlyExclusive Reflects on Its First Public Year

‘The business is doing a better job because of it’

Luxaviation Expands Asia-Pacific Fleet and Services

Bombardier Global 7500 and a Gulfstream G550 are now being managed in the region

Airhub Aviation Expands Services at Siauliai Airport

Company hopes to meet growing global demand

AIN Products

SUBSCRIPTIONS

RESOURCES

ABOUT AIN