Where is avelo airlines based?

Avelo Airlines ( / əˈvɛloʊ /) is a low-cost airline in the United States headquartered in Houston, Texas. It previously operated charter flights as Casino Express Airlines and Xtra Airways before transitioning to scheduled operations and rebranding as Avelo Airlines on April 8, 2021.

Is avelo Airlines on the Stock Exchange?

Avelo Airlines will start by operating three Boeing 737–800 planes. The company expects to increase to six planes by the end of 2021, according to Yahoo Finance. Avelo Airlines isn't on the stock exchange. Currently, Avelo Airlines isn't on the stock exchange. Levy started planning to found a new airline in 2018 when airline profits were higher.

How much did avelo raise in Series B funding?

HOUSTON, Jan. 6, 2022 /PRNewswire/ -- Avelo Airlines, which became America's newest mainline airline in nearly 15 years when it took flight last April, today announced it raised $42 million in Series B funding. This second-round offering increases Avelo's invested capital base to over $160 million.