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Volatus Aerospace Management

Management criteria checks 2/4

Volatus Aerospace's CEO is Glen Lynch, appointed in Dec 2021, has a tenure of 2.75 years. total yearly compensation is CA$350.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 30.6% of the company’s shares, worth CA$5.77M. The average tenure of the management team and the board of directors is 2.8 years and 2.8 years respectively.

Key information

Glen Lynch

Chief executive officer

CA$350.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	2.8yrs
CEO ownership	30.6%
Management average tenure	2.8yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

Volatus Aerospace Corp.'s (CVE:VOL) Business Is Yet to Catch Up With Its Share Price

Mar 27

Does Volatus Aerospace (CVE:VOL) Have A Healthy Balance Sheet?

Jan 24

CEO Compensation Analysis

How has Glen Lynch's remuneration changed compared to Volatus Aerospace's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-CA$9m
Mar 31 2024	n/a	n/a	-CA$10m
Dec 31 2023	CA$350k	CA$350k	-CA$9m
Sep 30 2023	n/a	n/a	-CA$8m
Jun 30 2023	n/a	n/a	-CA$8m
Mar 31 2023	n/a	n/a	-CA$5m
Dec 31 2022	CA$610k	CA$350k	-CA$5m
Sep 30 2022	n/a	n/a	-CA$7m
Jun 30 2022	n/a	n/a	-CA$6m
Mar 31 2022	n/a	n/a	-CA$6m
Dec 31 2021	CA$204k	CA$204k	-CA$4m

Compensation vs Market: Glen's total compensation ($USD259.38K) is above average for companies of similar size in the Canadian market ($USD177.65K).

Compensation vs Earnings: Glen's compensation has been consistent with company performance over the past year.

CEO

Glen Lynch (60 yo)

2.8yrs

Tenure

CA$350,000

Compensation

Mr. Glen Lynch is CEO & Director of Drone Delivery Canada Corp. from September 2024. He has been President, Chief Executive Officer and Director of Volatus Aerospace Corp (formerly, Partner Jet Corp) since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Glen Lynch	President	2.8yrs	CA$350.00k	30.6% CA$ 5.8m
Abhinav Singhvi	Chief Financial Officer	2.8yrs	CA$190.00k	0.25% CA$ 47.7k
Robert Walker	Chief Operating Officer	no data	CA$165.00k	0.19% CA$ 36.7k
Luc Masse	Executive VP & Secretary	2.8yrs	CA$180.00k	0.18% CA$ 34.6k
Danielle Gagne	Head of Marketing & Communications	no data	no data	no data

2.8yrs

Average Tenure

62yo

Average Age

Experienced Management: VOL's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Glen Lynch	President	2.8yrs	CA$350.00k	30.6% CA$ 5.8m
Samuel Ingram	Independent Director	2.8yrs	no data	0.0020% CA$ 375.2
Gordon Silverman	Independent Director	2.8yrs	no data	no data
Ian McDougall	Independent Chairman	2.8yrs	no data	31.04% CA$ 5.9m
Andrew Leslie	Independent Director	2.3yrs	CA$96.00k	no data

2.8yrs

Average Tenure

78yo

Average Age

Experienced Board: VOL's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

This company listing is no longer active

Volatus Aerospace Management

Management criteria checks 2/4

Key information

Recent management updates

Volatus Aerospace Corp., Annual General Meeting, Jul 30, 2024

Less than half of directors are independent

Volatus Aerospace Corp Appoints Andrew Leslie to Its Board of Directors

No independent directors

No independent directors

Recent updates

Volatus Aerospace's Shares to be Delisted from TSX Venture Exchange, Effective Close September 04, 2024

Volatus Aerospace's Shares to be Delisted from TSX Venture Exchange, Effective Close September 04, 2024

Drone Delivery Canada Corp. (TSXV:FLT) completed the acquisition of Volatus Aerospace Corp. (TSXV:VOL).

Second quarter 2024 earnings released: CA$0.016 loss per share (vs CA$0.021 loss in 2Q 2023)

Volatus Aerospace Corp., Annual General Meeting, Jul 30, 2024

New major risk - Negative shareholders equity

Volatus Aerospace Corp. announced that it expects to receive CAD 0.98 million in funding

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Volatus Aerospace Corp.'s (CVE:VOL) Business Is Yet to Catch Up With Its Share Price

New minor risk - Share price stability

Volatus Aerospace Receives FAA Approval for Commercial Agricultural Aircraft Operations with Drones

New major risk - Market cap size

Does Volatus Aerospace (CVE:VOL) Have A Healthy Balance Sheet?

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

New minor risk - Share price stability

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Volatus Aerospace Corp. (TSXV:VOL) agreed to acquire a remaining minority stake in Volatus Unmanned Services Inc.for CAD 2.4 million

Volatus Aerospace Corp. Receives Transport Canada Special Authority to Operate Heavy Crop Spraying Drones Weighing over 25 Kg Anywhere in Canada

Volatus Aerospace Corp. announced that it has received CAD 2.646 million in funding

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Canadian Transportation Agency Issues Volatus Aerospace Corp. License for Domestic Service

Volatus Aerospace Corp. (TSXV:VOL) completed the acquisition of Empire Drone Company LLC.

Volatus Aerospace Corp. Introduces All-Terrain Robotic Crawler, Hydra

Volatus Aerospace Corp. (TSXV:VOL) signed an arms length definitive agreement to acquire Empire Drone Company LLC for $1.2 million.

Less than half of directors are independent

Volatus Aerospace Corp. (TSXV:VOL) completed the acquisition of 51% stake in iRed Limited.

Third quarter 2022 earnings released: CA$0.013 loss per share (vs CA$0.024 loss in 3Q 2021)

Volatus Aerospace Corp. to Report Q3, 2022 Results on Nov 07, 2022

Volatus Aerospace Corp. (TSXV:VOL) entered into an arm's length definitive agreement to acquire 51% stake in Ired Limited for £0.1 million.

Volatus Aerospace Corp. (TSXV:VOL) entered into an arm's length definitive agreement to acquire 51% stake in Synergy Aviation Ltd for CAD 2.29 million.

Volatus Aerospace Corp. has completed a Composite Units Offering in the amount of CAD 4.021852 million.

Volatus Aerospace Corp. has completed a Composite Units Offering in the amount of CAD 4.021852 million.

Second quarter 2022 earnings released

Volatus Aerospace Obtains Industry First Special Flight Operations Certificate for Beyond Visual Line of Sight Operations Without A Visual Observer

Volatus Aerospace Corp. announced that it expects to receive CAD 0.500004 million in funding

Volatus Aerospace Corp. Provides Earnings Guidance for the Fiscal Year 2022

Volatus Aerospace Corp Appoints Andrew Leslie to Its Board of Directors

Volatus Aerospace Corp. (TSXV:VOL) acquired Canadian Air National Inc.

No independent directors

Volatus Aerospace Corp. to Report Q4, 2021 Results on Apr 28, 2022

Volatus Aerospace Corp. (TSXV:VOL) completed the acquisition of MVT Geo-Solutions Inc. for CAD 1 million.

Volatus Aerospace Corp. Provides Earnings Guidance for the Fiscal Year 2022

Volatus Aerospace Corp. (TSXV:VOL) entered into a definitive agreement to acquire MVT Geo-Solutions Inc. for CAD 1.2 million.

No independent directors

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age