Aztec Airways, an on-demand US air carrier based at Fort Lauderdale Executive airport in Florida, has had a $5 million commitment from MSM AAV over the course of the next 36 months. The commitment will be a combination of equity and the purchase of additional aircraft for use by Aztec.

“The investment from MSM AAV will enable us to continue on our strong growth path by not only adding needed capital and aircraft for expansion but also by bringing with it the business brain-power and experience needed to ensure our continued success,” says Stuart Hanley, founder and CEO of Aztec Airways.

In conjunction with the investment, Matt Schissler, member of MSM AAV, has joined the board of directors for Aztec. In a career that spans three decades including serving as CEO and chairman of a few diverse companies, Schissler is currently a founder and member of multiple private investment funds.

“The travel industry is rapidly changing as consumers demand more intimate, efficient service than in prior years,” he comments. “One needs to only look at the ride-sharing and private vacation rental industry to see a travel paradigm shift, with the benefit of those industries receiving enormous valuations. We believe air transportation will also change its current flight path to a more consumer-centric experience. Aztec is wholly positioned to capitalise on this shift.”