Charles Alcock is managing editor of the AIN Media Group, having rejoined the company in 2019. He has been an aviation journalist since 1986, and previously worked for AIN from 1990 to 2017, most recently as editor-in-chief. His main focus is on covering new aviation technology and business models, as well as international news.
Having been raised in the London area, Alcock studied at the University of Manchester in the UK and earned an honors degree in Politics and Modern History. He speaks English and French, and some German.

Managing Editor

Bombardier manufactures a variety of business aircraft models, provides engineering, and aircraft maintenance services.

Charles Alcock

Private charter flight group AirX has raised €115 million (approximately $136 million) through a bond managed by Norwegian investment bank Arctic Securities. The Malta-based operator announced the transaction on Wednesday and said it will use the funds to expand its fleet, which currently consists of 20 large-cabin jets, including three that are managed for third-party owners.
According to AirX, the bond issue was significantly oversubscribed and builds on a <a href="https://www.ainonline.com/aviation-news/business-aviation/2025-01-07/airx-seeks-more-funding-charter-fleet-growth">Series A funding round</a> that closed in January. The company aims to add another 20 to 50 aircraft to its fleet, with a focus on heavy jets and VIP-configured airliners, including types such as the Bombardier Challenger 850, the Embraer Lineage 1000, and an Airbus A340.
“AirX’s bond raise marks a defining moment in our 14-year journey, placing us at the forefront of a new era in private aviation,” said the group’s chairman and founder, John Matthews. “For the first time, we stand shoulder to shoulder with Tier 1 global asset managers and pension funds, positioning AirX as a true institutional-grade platform.”
Since the company was formed in 2011, it has grown its revenues from €8 million in 2011 to €155 million, and generated more than €30 million in EBITDA earnings in 2024. Matthews has previously said his objective is to achieve a public equity listing for AirX.
“Private aviation has been growing for over six decades, yet only two companies have ever raised institutional bonds,” Matthews commented. “We are the second, but the first to do it properly, issuing a secured bond that sets the benchmark for value creation in our sector.”

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.

AirX Bond Raises €115 Million To Fund Private Charter Jet Fleet Expansion

Malta-based operator wants to add up to 50 more aircraft to its fleet

A Nordic bond issue has raised €115 million for aircraft management and charter group AirX, which has ambitions to more than double the size of its fleet.

AirX Bond Raises €115 Million To Fund Fleet Expansion

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In this article

Challenger 850

Embraer Lineage 1000

Bombardier

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