Keith Rabin promoted to President of Volato;
will lead new Commercial Team
In a move that underscores its pace of growth and strategic
foresight, Volato, one of the fastest-growing private aviation
companies in the United States, today announced a reorganization of
its leadership team. This action is being taken just two years
after the company took delivery of its first HondaJet and is part
of the company's long-term strategic plan to more than double its
fleet in the next two years.
"As a rapidly scaling company, it's tempting to focus solely on
meeting the immediate demands of growth," said Matt Liotta,
Co-Founder and CEO of Volato. "However, we understand the
importance of maturation alongside expansion. Today’s announcement
demonstrates our commitment to evolving our business structure,
optimizing operations, and setting new benchmarks for excellence in
private aviation."
New Leadership to Steer Core
Business
Keith Rabin, who has ably served as CFO of Volato, has been
promoted to the role of President. With over a decade of experience
in private aviation, his background in various facets of aviation,
including sales, maintenance, system operations, human resources,
and IT, makes him uniquely qualified to lead Volato’s core
business.
"Keith's history of leadership at JSX, where he successfully
managed fundraising initiatives and rapidly expanded the team to
250 employees, is indicative of the direction we aim to take
Volato,” added Liotta.
Formation of Experienced Commercial
Team to Drive Expansion
A central part of Volato’s strategic reorganization is the
formation of a new Commercial Team comprising industry veterans
with remarkable credentials:
Gary Waldman, Executive Vice President of Fleet
Performance, brings over 30 years of experience in both private and
commercial aviation to Volato. His prior experience includes
executive roles at XOJET, JetSuite, and Jet Edge, where he focused
on scaling aviation utilization and advising on technology
development.
Brian Coulter, Executive Vice President of Fleet
Operations, is an aviation trailblazer with a rich history that
includes serving as a General Duties-Pilot in the Royal New Zealand
Air Force and Boeing-737 Captain and Director of Safety at Air
South Airlines. His stewardship of flight operations and flight
standards at WinAir Airlines, JetBlue Airways, and JSX, including
authoring flight operations technical publications and JetBlue’s
pioneering use of electronic flight air bags, highlights his
exceptional expertise in flight operations.
Norm Katz, Executive Vice President of Sales, leads the
Volato sales team. Prior to Volato, Mr. Katz held sales executive
roles at several private aviation companies including JetSuite Air,
NetJets (MarquisJet), and Sentient Jet.
James Cuff, Vice President of Marketing and Business
Development at Volato, has 25 years of experience in global
consumer brand marketing. With a resume that includes developing
national advertising campaigns for Australia's top beer brands,
managing the iconic "A Diamond is Forever" campaign for De Beers,
and overseeing key strategic and creative projects for global
fashion brand Tommy Hilfiger, James brings a wealth of expertise in
strategy, marketing, and communications to Volato.
Clinton Holmes, President of Volato Aircraft Management
Services (Volato AMS), brings more than 15 years of experience in
private aviation to his role. He is a graduate of the US Military
Academy at West Point and holds an MBA in Finance from the
University of Houston Bower School of Business. He is an Airline
Transport Pilot with over 6,000 hours of flight time, and has
served as a Chief Pilot, FAA Check Airman, and operational manager
of GC Aviation, which encompassed 16 aircraft ranging from
Gulfstreams to King Air 250s prior to its acquisition by Volato.
Mr. Holmes has experience in managing a fleet of diverse aircraft
and has earned ARGUS Platinum and IS-BAO Stage 3 Safety
ratings.
Going Public and Search for New
CFO
In a strategic decision that highlights its focus on bolstering
its financial framework, especially as it navigates the
complexities of going public, Volato has engaged Pacific
International to lead the search for a new Chief Financial Officer
(CFO). Recognizing the critical milestones and challenges
associated with becoming a public entity, Volato has also enlisted
the expertise of BDO to assist in its IPO readiness.
"The assemblage of this phenomenal Commercial Team reflects not
just our growth ambitions but also our commitment to maturation. We
understand the invaluable asset that seasoned industry expertise
brings to a young company like ours," stated Keith Rabin,
newly-appointed President of Volato. "This is a transformative
period for Volato, one that promises to redefine private aviation
and set new standards in operational excellence and customer
service."
Until the new CFO is appointed, Mr. Rabin will continue to
fulfill the responsibilities of the position, enabling a smooth
transition of responsibilities.
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. This press release
does not constitute (i) a solicitation of a proxy, consent, or
authorization with respect to the proposed merger or (ii) an offer
to sell, a solicitation of an offer to buy, or a recommendation to
purchase any security of PACI, Volato, or any of their respective
affiliates. PACI has filed a Registration Statement on Form S-4
with the Securities and Exchange Commission (SEC) in connection
with merger, which can be viewed on the website of the SEC at
https://www.sec.gov or the website of PACI at
https://www.proof-paci.com.
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 3 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230914682150/en/
Carly Rogers Sloane & Company crogers@sloanepr.com
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