USA – Avelo Airlines, a Houston TX-based mainline airline, raised $42M in Series B funding.
The round, which increases airline’s invested capital base to over $160m was led by Morgan Stanley Tactical Value (MSTV).The company intends to use the funds to expand operations and its business reach.
Led by Founder, Chairman and CEO Andrew Levy, Avelo operates a fleet of Boeing Next-Generation 737 aircraft, serving 19 popular destinations across the U.S., including its West Coast base at Los Angeles’ Hollywood Burbank Airport (BUR) and its East Coast base at Tweed-New Haven Airport (HVN).In 2021, Avelo achieved the following milestones:Avelo shared the following plans for 2022:06/01/2022
