Startup Avelo Raises $42M In Series B Funding

Avelo Boeing 737
Avelo Boeing 737
Credit: Avelo Airlines
Startup ULCC Avelo Airlines announced that it raised $42 million in Series B funding, increasing its base of invested capital to over $160 million. The funding round was led by an investment fund managed by Morgan Stanley Tactical Value, which injected an additional $30 million beyond its previous...

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