Orlando, FL — July 2, 2026 — Fly Alliance is proud to announce that co-founder and President Christopher Tasca has been named Chief Executive Officer following a management buyout of the company. Co-founder Kevin Wargo, who has led Fly Alliance as CEO since its launch in 2019, will continue to serve the organization as a member of the Advisory Board. Terms of the transaction were not disclosed.
New Investment, Stronger Foundation
Alongside the leadership transition, Fly Alliance has secured a significant institutional equity investment and established a strategic banking partnership. In a letter to customers, Tasca said the new relationships “provide the financial foundation for our next phase of growth,” strengthening the company’s balance sheet and providing the financial flexibility to execute its long-term vision with confidence.
Built on Momentum
Since its founding in 2019, Fly Alliance has grown into the 14th-largest private jet operator in the United States based on combined charter and fractional flight hours, recording 25.6% year-over-year growth from 2024 to 2025.
The company currently operates 25 aircraft on its charter certificate, including nine large-cabin Gulfstream jets and a comparable number of Cessna Citation XLS and Sovereign aircraft, with roughly a half dozen more expected to join the fleet in the coming months. Plans call for standardized cabin interiors and Starlink or Galileo Wi-Fi across the fleet.
What Comes Next
The new investment allows Fly Alliance to keep reinvesting where it matters most: the business units that consistently deliver exceptional performance, operational infrastructure, technology, and the teams that keep the company at the front of the industry. Fly Alliance will also continue restructuring and modernizing its managed aircraft fleet to ensure it operates the right aircraft for its owners, its members, and long-term profitability.
Beyond its established jet card, fractional, aircraft management, and parts businesses, the company plans an expanded focus on the wholesale charter market, where it sees a white-label opportunity. Global growth continues as well: over the past two years, Fly Alliance has opened offices and become operational in San Marino, Dubai, and India, while maintaining dual headquarters in Orlando, Florida, and Rhode Island.
A Partnership That Built Fly Alliance
Tasca and Wargo’s partnership dates back to Dumont Aviation, where Tasca launched the company’s first jet card and fractional programs and built that business to $50 million. “Kevin played an instrumental role in building the foundation of Fly Alliance,” Tasca said, noting that Wargo’s experience and industry knowledge will remain a valuable resource to the Advisory Board.
Fly Alliance’s leadership transition was first reported by Doug Gollan at Private Jet Card Comparisons.