AirX Secures €115 Million Through Nordic Bond Offering
AirX Secures Major Bond Funding
In a significant financial milestone, AirX, a leading private jet charter operator in Europe, has completed a successful bond raise amounting to €115 million. This remarkable achievement has been backed by global institutional investors and overseen by Arctic Securities, a reputable Nordic investment bank.
Strengthening Institutional Position
John Matthews, the Chairman and Founder of AirX, expressed the importance of this bond issuance, noting that it illustrates a landmark moment in the company's journey. For the first time, AirX is alongside Tier-1 global asset managers and pension funds, earning its place as an institutional-grade platform.
Expanding Opportunities
This bond raise is poised to empower AirX to expand its fleet and operational capacity with agility and precision. The infusion of capital is aimed at maintaining the company's profitability while allowing it to grow strategically within the competitive private aviation market.
Impressive Growth Trajectory
Since its inception, AirX has seen extraordinary growth. With initial revenues of just €8 million, the company has skyrocketed its earnings to over €155 million, driven by an impressive EBITDA of more than €30 million in 2024. This progress reflects the company's robust business model and ability to meet rising demand for luxury air travel.
Fleet Expansion Plans
AirX plans to extend its fleet to include up to 50 aircraft over time. This expansion initiative positions the company to cater effectively to various clients, including VIPs, ultra-high-net-worth individuals, and government contracts. By focusing on the Heavy Jet and VIP airliner niches, AirX aims to further increase its market share and solidify its standing in the industry.
Company Overview
Founded in 2011 and located in Malta, AirX boasts one of the largest private jet fleets in Europe. With a dedicated team of over 400 aviation experts, AirX's operations are enhanced by maintenance facilities at strategic locations, including London Stansted, supporting a diverse fleet ranging from Heavy Jets to the world’s biggest VIP airliner types.
The Role of Arctic Securities
Arctic Securities, recognized for its expertise in investment banking services and bond management, played a pivotal role in this bond raise, highlighting their commitment to supporting international expansion for firms like AirX. Their focus on Nordic documented bond issues further reinforces their position as leaders in the investment banking sector.
Contact Information for Inquiries
Jack Roberts, the Head of Marketing at AirX, is available for inquiries regarding the bond raise and its implications. He can be reached directly via email at Jack.Roberts@airx.aero or by phone at +44 7350 411 267.
Frequently Asked Questions
What was the amount raised by AirX in the bond offering?
AirX successfully raised €115 million through the Nordic bond offering.
Who managed the bond offering for AirX?
The bond offering was managed by Arctic Securities, a leading Norwegian investment bank.
What will the raised funds be used for?
The funds will support fleet expansion and operational growth within the private aviation sector.
How has AirX's revenue grown since its founding?
AirX's revenue grew from €8 million to over €155 million, showcasing significant growth.
What types of aircraft does AirX operate?
AirX operates a diverse fleet, including Heavy Jets and the largest VIP airliner types in Europe.
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