Charter & Fractional
AirX Seeks More Funding for Charter Fleet Growth
Malta-based operator wants to triple fleet size with 40 more jets
AirX Bombardier Challenger 850 in new company livery
AirX has unveiled a new company livery for its fleet of charter aircraft, including this Bombardier Challenger 850 model.

Aircraft management and charter group AirX is stepping up efforts to raise further capital to fund ambitious plans to expand its fleet. The Malta-based company said on Monday that it will soon close the second stage of a Series A funding round expected to raise an initial $30 million, and is now seeking to raise an additional amount of debt-based funding of between $100 million and $200 million.

According to AirX founder and chairman John Matthews, the new capital will be deployed in quarterly tranches of around $30 million to fund the addition of at least 40 large business jets to the fleet through the end of 2026. The company operates 17 aircraft, including a mix of seven Bombardier Challenger 850s; three Embraer Legacy 600/650s and five Lineage jets; Airbus ACJ340; and Boeing Business Jet.