Honda Aircraft (HON, Greensboro Piedmont Triad International) has terminated a 2023 fleet purchase agreement with Volato (TMB, Houston Hobby) covering twenty-three HA-420s, the fractional ownership and charter specialist said in an SEC filing.

“Pursuant to the terms of the FPA, Honda Aircraft will retain the deposits that have been previously paid by the company, and the company has to enter into individual purchase agreements for each aircraft for which a deposit had previously been paid,” Volato said….

Source: ch aviation
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