Global Drone Market Expected Reach $95 Billion By 2034 as Drone Operations Across the World Take Flight

Executive Summary

• Volatus Aerospace Inc. signed a three‑year Memorandum of Understanding with ARCO Worldwide Services Ltd. to deliver professional drone training programs in Nigeria through the ARCO Aviation Academy.
• The partnership will use Volatus’ Academy curriculum, training materials and instructors under a white‑label/co‑branded model, aligning with ICAO, SORA and Nigerian Civil Aviation Authority standards.
• Initial training courses are slated to commence in Q4 2025, covering foundational RPAS courses as well as advanced modules such as thermography, LiDAR, and BVLOS operations for industry, defense, public safety and first‑responder applications.

Key Details

• Parties Involved: Volatus Aerospace Inc. (OTCQB: TAKOF / TSXV: FLT) and ARCO Worldwide Services Limited (“AWS”), a subsidiary of ARCO Group Plc.
• Agreement Type: Memorandum of Understanding establishing a three‑year collaboration framework.
• Scope of Collaboration:
• Volatus will provide its proprietary “Volatus Academy” curriculum, training materials, and instructor programs.
• Delivery will be executed locally by ARCO Aviation Academy (AAA) under a white‑label and co‑branded arrangement.
• Regulatory Alignment: Training to meet international standards (ICAO, SORA) and full compliance with the Nigerian Civil Aviation Authority (NCAA).
• Program Offerings:
• Foundational RPAS courses (currently offered by AAA).
• Planned expansion into advanced/specialized training: thermography, LiDAR, Beyond‑Visual‑Line‑Of‑Sight (BVLOS) operations.
• Target Sectors: Industry, defense, public safety, and first responders in Nigeria and the broader West African region.
• Timeline: Initial programs expected to roll out in Q4 2025; ongoing delivery throughout the three‑year term.
• Strategic Rationale (CEO Quote): “This collaboration marks an important milestone in our mission to expand safe, professional drone operations worldwide…accelerate local workforce development and strengthen Nigeria’s position as a leader in the West African drone industry.” – Glen Lynch, CEO, Volatus Aerospace Inc.

Notable Quotes

• Glen Lynch, CEO, Volatus Aerospace Inc.:

  “This collaboration marks an important milestone in our mission to expand safe, professional drone operations worldwide. By partnering with ARCO Aviation Academy, we’re helping to accelerate local workforce development and strengthen Nigeria’s position as a leader in the West African drone industry.”

• Okosubide Mozimo, Managing Director, ARCO Worldwide Services:

  “This partnership brings globally recognized drone training programs to Nigeria for the first time. Together with Volatus, we will empower a new generation of certified drone professionals and enhance safety, compliance, and innovation across the sector.”