This morning Volato announced plans to go public via a merger with a special purpose acquisition corporation, or SPAC as they are called. It is the latest in a series of private aviation flight providers to attempt an IPO, with the only common denominator being that they have not worked out very well to this point.
In making its case, executives of Volato and its merger partner, Proof Acquisition Corp I (NYSE: PACI), say the 2021 start-up brings a unique and disciplined approach to the market.
It will be competing against stories that haven’t panned out and several misfires.
Both Wheels Up and Blade Urban Mobility
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