Volato Group Amends Aircraft Management Agreement, Extends Term

What Happened

• Volato Group, Inc. (SOAR) announced a Sixth Amendment to its Aircraft Management Services Agreement with flyExclusive, Inc., filed on Form 8-K on Sept. 4, 2026. The Amendment, dated Aug. 31, 2026, amends Section 2(a) to set the Agreement’s expiration at 5:00 p.m. Eastern Time on December 31, 2026.
• The original agreement (entered Sept. 2, 2024) makes flyExclusive the exclusive provider of certain aircraft management services and includes provisions for empty‑leg marketing via Volato’s Vaunt platform. The Amendment does not change the Asset Options in the Agreement.

Key Details

• Amendment date: August 31, 2026; new contract expiration: 5:00 p.m. ET on December 31, 2026.
• Fifth Amendment (March 6, 2026) resulted in sale of certain unused intellectual property to flyExclusive for $1.3 million (payable in cash or flyExclusive Class A shares).
• After the March 2026 sale, $0.7 million of assets remain available to be sold to flyExclusive under the Agreement’s terms.
• The prior right for flyExclusive to cause Volato to merge into a flyExclusive subsidiary has expired and is no longer in effect.

Why It Matters

• For investors, this confirms Volato will continue outsourcing core aircraft management services to flyExclusive through year-end 2026 under the same asset‑sale framework, preserving the company’s ability to monetize remaining aviation assets (currently ~$0.7M available).
• The Amendment does not alter the Asset Options or other substantive provisions, so potential future asset sales or empty‑leg marketing arrangements via Vaunt remain possible under the existing agreement. This filing reports a contractual timing change rather than earnings, management or corporate control changes.