AirX, one of Europe’s largest private jet charter operators, has completed a €115 million bond on Nordic documentation, managed by Arctic Securities. The oversubscribed issue will support the company’s next phase of fleet expansion and signals investor confidence in AirX’s cash-generative business model.

“This success empowers us to scale with speed and precision, while preserving the profitability and financial discipline that set us apart,” says John Matthews, chairman and founder of AirX. “After 14 years of building step by step, today is not the end, nor the beginning of the end, but the end of the beginning.”

Founded in 2011 and headquartered in Malta, AirX has grown annual sales from €8 million to more than €155 million, with EBITDA exceeding €30 million in 2024. The company plans to expand its fleet towards 50 aircraft to meet rising demand from VIPs, ultra high-net-worth individuals and governments, particularly in the heavy jet and VIP airliner niches