Charter & Fractional
AirX Bond Raises €115 Million To Fund Fleet Expansion
Malta-based operator wants to add up to 50 more aircraft to its fleet
AirX aircraft
AirX now operates a fleet of 20 private jets, including the Bombardier Challenger 850 and the Embraer Lineage 1000.

Private charter flight group AirX has raised €115 million (approximately $136 million) through a bond managed by Norwegian investment bank Arctic Securities. The Malta-based operator announced the transaction on Wednesday and said it will use the funds to expand its fleet, which currently consists of 20 large-cabin jets, including three that are managed for third-party owners.

According to AirX, the bond issue was significantly oversubscribed and builds on a Series A funding round that closed in January. The company aims to add another 20 to 50 aircraft to its fleet, with a focus on heavy jets and VIP-configured airliners, including types such as the Bombardier Challenger 850, the Embraer Lineage 1000, and an Airbus A340.