Aero Technologies announced that it has raised $65 million for its semi private airline. The company, had previously raised a $20 series A round in 2021.
The Aero Technologies is aiming to buy their own jets. Also company plans to use the new funding to expand into new markets. The Aero Technologies focuses exclusively on the leisure market unlike its competitors to business on typical style. Since Aero doesn’t have a lot of fixed costs on the ground side, it can also quickly change up its routes as needed. And while other operators are struggling to find enough pilots, Aero’s model of direct flights that always return to base at night allows it to attract pilots who aren’t looking for the typical airline lifestyle.
The company operates a fleet of 16-seat Embrear 135 regional jets and 13-seat Legacy 600 planes (the business version of the Embrear 145). The average fare across the company’s network is about $1,700.
Aero Technologies describes itself as a “next-generation air travel company.
We are committed to elevating the air industry and disrupting it from within. We promise our guests an exclusive feel and premium access to unique travel experiences. When you book with Aero you travel first class via direct flights through private terminals organized by our Concierge staff and hosted by our experienced flight team.