Saturday, August 20, 2022
Aero, a private aviation company, has raised $65 million in Series B financing to support demand on current routes as well as to expand its network.
Aero Technologies, which describes itself as a “next-generation air travel company”, currently operates on a limited number of routes in the U.S. and Europe. It offers flights to Ibiza, Mykonos, and Nice from London’s Farnborough Airport, as well as Aspen, Los Cabos, and Sun Valley from private terminals in Los Angeles and San Francisco in the United States.
Aero, unlike most of its rivals in this industry, focuses exclusively on the leisure market. The company maintains a fleet of 13-seat Legacy 600 business aircraft and 16-seat regional Embraer 135 aircraft. The company, which utilises private terminals at the airports it serves, may modify its timetable in the coming months as it expands its fleet based on consumer demand (and the seasons).
Uma Subramanian, CEO of Aero, previously worked for Airbus’ defunct Voom.Flights helicopter service.
‘Connecting millenials with Instagram-worthy experiences’
“Aero’s success over the last few years highlights that customers in both the U.S. and Europe have been waiting for the Aero travel experience,” Aero CEO Uma Subramaniun said in the release. “Aero is growing fast, and we look forward to bringing the Aero experience to new markets in the coming months.
In contrast to other private jet services, Aero puts an emphasis on connecting millennials with locations that provide Instagram-worthy experiences in an effort to stand out. Instead of owning or operating aircraft, it offers ticket resale services for flights on specific routes operated by regulated air carriers.
The startup previously raised $20 million in Series A funding in March last year and before that $16 million in 2019.
Tags: Aero, Airline News, airlines
Friday, March 29, 2024
Friday, March 29, 2024
Friday, March 29, 2024