India, June 3 -- Volato Group, Inc. (SOAR), an aviation company, said on Tuesday that it will start leasing selected aircraft to trusted third-party operators to create a new stream of recurring, asset-efficient revenue.
For the first quarter, the company's aircraft-trading program has generated revenue of $25.1 million.
Looking ahead, for the second quarter, the company expects to post $25.1 million in revenue from its aircraft-trading program. The Group noted that this projection is based on its completed transactions.
SOAR was up by 17.06% at $3.070 in the pre-market trade on the New York Stock Exchange.
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