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Comment on Avelo is Resurrected as Cash and Airplanes Flow In by Rob
['David C', 'Matt D', 'Ian L', 'Angry Bob Crandall', 'Common Sense', 'Nicolas N', 'John G', 'Marty Sample', 'Southbay Flier', 'Rob Gehrke']
Comments for Cranky Flier
It has also raised cash, and it is now buying a fleet of 50 Embraer E2s with options for more.
This doesn’t mean I am suddenly bullish on Avelo, but it does mean that I don’t expect it to go away anytime soon.
As Andrew sees it, this was a confluence of all sorts of different problems, some that hit Avelo harder than others.
Andrew gave me a preview saying that the airline made money in April, though May was bad.
The natural question, of course, is whether or not Embraer was involved in the money that Avelo raised.
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