Avion Group completed a full equity financing, enabling the company to accelerate its international expansion. Following the successful operation of its flight training center in Malta, the commercial contract with IAGO and the opening of a new flight training centre at London Gatwick later this year, this is again a major step forward in building the independent Full Motion Flight Simulator company.

In the transaction, Kempen European Private Equity Fund will acquire a substantial stake in the company, further strengthening the company’s shareholder base and providing capital for further growth.

“The proceeds of the issuance of new shares will firstly be used to upgrade our Phantom simulator to the new 2.0 UPRT industry standard and develop new features,” said Erik Varwijk, Avion’s CEO, “and secondly on the pre-financing of the development of new fully owned flight training centers.”