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Avelo is Resurrected as Cash and Airplanes Flow In – Cranky Flier
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Avelo is Resurrected as Cash and Airplanes Flow In – Cranky Flier
Avelo was near the top of my list of airlines that might end up making this year’s “Airlines We Lost” post, but now, that’s no longer the case. After a very dicey first quarter, the airline has turned in better results. It has also raised cash, and it is now buying a fleet of 50 Embraer E2s with options for more. This doesn’t mean I am suddenly bullish on Avelo, but it does mean that I don’t expect it to go away anytime soon. You might recall th…
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