Avelo Airlines Announces Capital Raise to Fund Next Phase of Growth

Avelo Airlines Announces Capital Raise to Fund Next Phase of Growth

HOUSTON, Sept. 8, 2025 /PRNewswire/ -- Avelo Airlines, America's ultra-convenient low-fare airline, today announced it has closed on a new round of significant growth capital to support its continued expansion across the United States and the Caribbean.

US’s Avelo Airlines secures fresh capital

Avelo Airlines (XP, Burbank) announced it had closed a new round for an undisclosed amount of capital, which will be used to support its "continued expansion" across the United States and the Caribbean. In a statement, the airline said that this financing round from a new partner represents the largest single investment since its initial Series A funding. The carrier raised around USD125 million in January 2020 in Series A funding, then in Janua…

Avelo Airlines announces capital raise to fund next phase of growth

Avelo Airlines today announced it has closed on a new round of significant growth capital to support its continued expansion across the United States and the Caribbean. This financing round represents the single largest investment in Avelo Airlines since the company’s initial Series A funding. This investment from a new partner underscores strong confidence in Avelo’s differentiated business model and track record since the airline’s launch in 2…

Avelo Airlines raises capital to fund future growth

Avelo Airlines has announced the finalisation of a new funding round, marking a turning point in its trajectory. This is the largest capital injection since its initial Series A and is intended to support the airline’s expansion in domestic and Caribbean markets. The investment, provided by a new strategic partner, underscores confidence in the company’s distinct business model, in operation since 2021. The funding will support the expansion of …

Avelo Airlines raises more funding for US growth

Budget US carrier Avelo Airlines said it has raised its largest funding round since the company began operations in 2021, securing new capital from an undisclosed investor to bolster the carrier’s expansion plans and strengthen its balance sheet. The airline did not disclose the size of the investment, but called the new funding round “significant.”  The cash infusion will support growth in Avelo’s scheduled passenger service across the United S…