US on-demand/commuter scheduled air carrier Aztec Airways has secured up to a $5m commitment from MSM AAV in the next three years.
The investment will be a combination of both equity and acquisition of additional aircraft by the carrier.
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It will facilitate the airline’s expansion of both domestic and international routes, as well as its fleet size.
Aztec Airways founder and CEO Stuart Hanley said: “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 them the business brain-power and experience needed to ensure our continued success.
“Aztec is excited to announce our new service to Key West, Florida, from Fort Lauderdale Executive Airport, starting 29 October 2020.
“The investment and addition to the fleet have helped this new service, and we believe Aztec will continue to open new routes both here and Florida and throughout the northern Caribbean.”
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By GlobalDataAs part of this investment, MSM AAV member Matthew ‘Matt’ Schissler joins the Board of Directors for Aztec Airways.
He currently serves as a founder and member of multiple private investment funds.
Schissler said: “The travel industry is rapidly changing as consumers demand more intimate, efficient service than in prior years.
“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.”
Based at Fort Lauderdale’s Executive Airport, Aztec Airways serves the Southeast US and the Bahamas.
