Business Aviation
Volatus Aerospace Completes Full Acquisition of Synergy Aviation
Volatus Aerospace finalizes acquisition of Synergy Aviation, consolidating operations and expanding into the US oil and gas market with a new Tulsa base.
This article is based on an official press release from Volatus Aerospace.
Volatus Aerospace Inc. has officially completed its acquisitions of Synergy Aviation Ltd., purchasing the remaining 41.53% minority interest to make the charter and aircraft management company a wholly owned subsidiary. The transaction, finalized on March 13, 2026, marks a significant milestone in Volatus’s strategy to consolidate its commercial aircraft operations under a single corporate umbrella.
According to the official press release, this move aligns governance, capital allocation, and operational execution across the company’s diverse platform. Volatus currently operates across multiple aviation sectors, including traditional crewed aviation, remotely piloted systems (drones), and mission-critical operations. By eliminating minority interests, the company aims to streamline coordination between its aviation, training, engineering, and manufacturing divisions.
We note that this acquisition is part of a broader growth trajectory for Volatus. Industry data provided in the accompanying research report indicates the company’s market capitalization has reached approximately $378 million, following a 391% stock surge over the past year. The full integration of Synergy Aviation also sets the stage for the company’s impending cross-border expansion into the United States.
The path to full ownership of Synergy Aviation has been a multi-year process for Volatus. As detailed in the announcement, Volatus initially acquired a 51% controlling interest in Synergy in 2022. In 2025, the company increased its ownership stake by 7.47%, bringing it to 58.47%. The definitive agreement to acquire the final 41.53% was announced on March 4, 2026, and officially closed nine days later.
To fund the completion of the transaction, Volatus issued an aggregate of 2,444,243 common voting shares to the minority shareholders of Synergy. The company stated that the share consideration was priced based on the 30-day volume-weighted average price of Volatus’s common voting shares on the TSX Venture Exchange (TSXV) prior to closing.
Because the transaction involved Marc Hanatshek, a minority shareholder and director of Synergy, it was subject to specific regulatory oversight.
The deal was classified as a “related party transaction” under Multilateral Instrument 61-101, according to the official release.
However, the transaction was exempt from formal valuation and minority shareholder approval requirements. The press release noted this exemption was granted because the fair market value of the consideration paid did not exceed 25% of Volatus’s total market capitalization. Synergy Aviation brings substantial physical assets and operational experience to the Volatus portfolio. Synergy is a Canadian charter and commercial-aircraft management company with a strong footprint in Western Canada, specializing in fixed-wing charter services and aerial surveillance. The subsidiary heavily supports the oil and gas sector, forestry, and government agencies.
According to the provided company background, Synergy operates a fleet of over 20 aircraft, which includes Robinson R44 helicopters and Cessna fixed-wing aircraft. Furthermore, to proactively combat the global pilot shortage, Synergy operates its own flight training school based in Villeneuve, Alberta. This school creates a steady pipeline of capable pilots for its utility and surveillance operations, a critical asset as Volatus scales its crewed aviation division.
The full integration of Synergy directly complements Volatus’s recently announced cross-border expansion. The company is establishing a new operational aviation base in Tulsa, Oklahoma. According to the release, this base is scheduled to commence commercial aircraft operations in late March 2026, specifically designed to support the U.S. oil and gas sector.
Led by CEO Glen Lynch, Volatus has positioned itself at the convergence of traditional manned aviation and the rapidly growing uncrewed aviation market. The company’s recent history includes a major merger with Drone Delivery Canada in August 2024, which significantly expanded its drone logistics and beyond visual line of sight (BVLOS) capabilities.
The first quarter of 2026 has been highly active for the aerospace firm. On March 2, 2026, the company launched SKYDRA™, a proprietary counter-drone platform. Shortly after, on March 11, 2026, Volatus executed a contracts to develop and commercialize heavy-lift offshore cargo drone deliveries for wind turbine operations, covering ship-to-structure, ship-to-ship, and ship-to-shore logistics.
Reflecting this maturing corporate stability and growth, Volatus recently received conditional approval to graduate from the TSX Venture Exchange to the primary Toronto Stock Exchange (TSX).
We view Volatus Aerospace’s complete acquisition of Synergy Aviation as a calculated maneuver to bridge the gap between traditional manned aviation and the rapidly expanding uncrewed aerial systems (UAS) market. By securing full control over a profitable, established crewed operator with its own pilot training pipeline, Volatus mitigates operational risks while scaling its advanced drone logistics. Furthermore, the timing of the Tulsa, Oklahoma expansion suggests a deliberate strategy to leverage Synergy’s extensive Canadian oil and gas surveillance expertise and apply it directly to the lucrative North-America energy sector.
What is Volatus Aerospace? Why did Volatus acquire 100% of Synergy Aviation? How was the acquisition funded?
Financial and Regulatory Details of the Acquisition
Share Issuance and Valuation
Regulatory Exemptions
Strategic Consolidation and U.S. Expansion
Integrating Crewed and Uncrewed Operations
The Tulsa Connection
Broader Industry Context for Volatus Aerospace
Recent Milestones and TSX Graduation
AirPro News analysis
Frequently Asked Questions (FAQ)
Volatus Aerospace Inc. is a Canadian-based global aerospace and defense company that provides integrated aviation, uncrewed logistics (drones), domestic aerospace manufacturing, and advanced autonomy capabilities.
Achieving 100% ownership allows Volatus to eliminate minority interests and bring all commercial aircraft operations under a single brand, simplifying coordination across its aviation, training, engineering, and manufacturing divisions.
Volatus issued 2,444,243 common voting shares to the minority shareholders of Synergy, priced based on the 30-day volume-weighted average price of Volatus’s shares on the TSXV.
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Photo Credit: Volatus Aerospace