Avelo Airlines, America's ultra-convenient low-fare airline, 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 2021. The proceeds will be used to fund growth in its scheduled service operation, make targeted technology investments, and enhance the overall Customer experience.