Founders and management team increase equity share, strengthening business strategy. Top US and European private investors join the shareholder base, enhancing capital structure to support continued growth.
BARCELONA – Volotea, the airline of European mid and small-sized cities, announced that it has completed the process of strengthening its shareholder base, adding five new preeminent investors to help enhance the company’s business strategy and continued growth.
Five different private equity firms and family offices based in the United States (including Elysium LLC and HRS Management) and Europe (including Meridia Capital, Rijn Capital and Rocinante) are joining Axis Participaciones Empresariales as equity investors in Volotea.
Volotea’s Founder and Chief Executive Officer Carlos Munoz, as well as its core management team, are increasing their investment in the company, reaffirming a strong commitment to the airline’s long-term growth.
The new shareholders replace CCMP and Corpfin, who played a key role in launching Volotea in 2011 and supported the expansion of the airline’s network, which now extends to 78 cities. The new investor group will back the continued growth and expansion of Volotea, which has been self-financing since 2014.
“Today we have reached a significant milestone in Volotea’s young life. We are excited to bring in new strong, prestigious and long-term shareholders to help fund the company’s strategy and huge growth potential, as it seeks to further connect all of Europe’s mid-and-small-sized cities. We also thank CCMP and Corpfin for their very valuable support of the company in all these years,” said Volotea Founder and CEO Carlos Munoz.
Volotea was advised by Morgan Stanley and Perez-Llorca in this transaction.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
