AVi8 will create a development plan including long term infrastructure development and funding, for the Latacunga/Quito Airport which will include a new LCC airline to serve intra-regional routes as well as the US.
AVi8 will provide strategic advice with regards to route and fleet planning, and will be arranging the sale leaseback of two 737-800s owned by thai Summer. AVi8 will also work with Boeing on a potential order for ten (10) 737-9 MAX aircraft. Thais Summer will provide scheduled service to bangkok from a number of cities in China, and will eventually expand to Vietnam, Cambodia and other Asian countries.
Ed Wegel will join Next Levels' board of directors as they complete their funding with Turning Rock Partners, a $400 million equity fund based in New York.
Next Level Aviation is an ASA-100 accredited and FAA Advisory Circular 00-56B compliant supplier stocking QEC, airframe and APU rotable material for all Boeing and Airbus platforms, with a specialization in parts for B737NG/ B777/ A320/ A330 aircraft.
AVi8 will assist Next level in growing annual sales to $250 million over the next three (3) years and open new marketing opportunities with airlines and suppliers worldwide.
AVi8™ Air Capital has acquired three (3) A320-200 aircraft and spare V2500 engines, to be operated by a major tour operator airline.