Company incorporates key benefit of Volato Stretch into the Volato Insider Program

Volato, an innovator in private aviation, announced today it was awarded the Robb Report Best of the Best 2023 in the Jet Card category for the Volato Stretch Jet Card.

The Volato Stretch Jet Card is the first and only private aviation offering which rewards itinerary flexibility with bonus time called ‘Stretch Credits’. When requesting a flight, the card holder requests their departure time and airport. If the confirmed itinerary varies from the requested departure time or airport, they are rewarded with Stretch Credits: fractions of hours deposited into their Stretch Jet Card wallet, thus stretching their balance of hours. Volato Stretch requires travel flexibility for all flights booked under the program.

Volato recognized that its customers may not be flexible for all of their travel, but many are flexible for some trips. With this in mind, Volato is incorporating a reward for itinerary flexibility into the Volato Insider Program. In this case, Insider members confirm at booking if they have itinerary flexibility on their travel date. Insider members who opt in to the flexibility feature receive an immediate discount on eligible flights: $1,000 for flights under 90 minutes and $1,500 for flights over 90 minutes. The departure time for flexible Insider flights will be confirmed the day before departure. This flexibility discount is available on all domestic charter booked through the Insider program on Volato’s HondaJet fleet, except for Daily Deal flights.

“We are thrilled to have won the Robb Report’s Best of the Best jet card for the Volato Stretch Jet Card in today’s competitive market.” Said Norm Katz, Executive Vice President of Sales at Volato. “And by now adding a key benefit of Volato Stretch to Volato Insider – a reward for itinerary flexibility – our Insider Program is even more compelling, while also enhancing our flight network efficiency.”

About Volato Insider Program

The Volato Insider Program is a no-commitment charter deposit program on Volato’s floating fleet of HondaJets that combines competitive dynamic pricing with the certainty of capped rates when flying inside or between City Zones - every day of the year. Benefit from firm quotes, coast-to-coast availability, preferred schedule access, no call-out restrictions, a discount when you have itinerary flexibility, and no initial or monthly membership fees. Insider funds can be applied to any Volato charter, and Insider includes additional program benefits like discounts on Daily Deals. The minimum deposit is $50k, and the balance of funds is 100% refundable for any reason. Other terms and conditions apply.

Additional Information: Proposed Business Combination

In August 2023, Volato entered into a definitive merger agreement with PROOF Acquisition Corp I (“PACI”) (NYSE: PACI), a Special Purpose Acquisition Company, that upon close would result in Volato becoming a publicly traded company listed on the NYSE. The transaction is expected to close in 2023, subject to satisfaction of customary closing conditions.

About Volato

Volato is a full-service aviation company providing modern ways to enjoy private aviation through innovative, friendly, and sustainable solutions. Volato provides a fresh approach to fractional ownership, aircraft management, jet card, deposit, and charter programs. Volato's fractional programs uniquely offer flexible hours and a revenue share for owners in a fleet of HondaJets, which are optimized for missions of up to four passengers. Volato is the largest operator of HondaJets in the world and holds ARGUS Platinum and IS-BAO Stage 2 safety ratings.

For more information visit https://www.flyvolato.com

All Volato Part 135 charter flights are operated by its DOT/FAA-authorized air carrier subsidiary (G C Aviation, Inc., d/b/a Volato) or by an approved vendor air carrier. Prices subject to change. Other terms and conditions apply. Insider discounts cannot be combined with other offers.

For Media: media@flyvolato.com For Investors: investors@flyvolato.com

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