Volato (TMB, Houston Hobby) has announced the sale of GC Aviation, Inc. for USD2 million, including the transfer of the latter's Part 135 certificate, under which Volato conducted managed aircraft operations.

"Divesting GC Aviation was a deliberate move to concentrate on the areas of our business with the highest growth potential and strongest returns," said Matt Liotta, co-founder and chief executive officer of Volato.

According to the statement, proceeds from the transaction will be directed toward other services, including the company's flight management system Mission Control, Volato’s subsidiary Vaunt, which specialises in empty leg bookings, and various aircraft trading and leasing platforms.

Included in the deal is the transfer of GC Aviation's Part 135 certificate, which had ceased listing any aircraft in early 2025. Volato's operations were taken over by FlyExclusive (JRE, Kinston) in late 2024, initially under GC Aviation’s charter certificate before part of Volato’s fleet was moved to FlyExclusive’s Part 135 certificate.

Since then, Volato has settled lawsuits related to fractional ownership programmes and launched new ventures, including a business aviation cryptomining initiative that integrates cryptocurrency with Citation Jet-series operations.