Quito Group has strengthened its financial position with a new €70m investment facility alongside the refinancing of its existing €250m debt, giving the company fresh firepower to invest in digitalisation, infrastructure and operational growth.
The group, which owns a broad portfolio of cargo and aviation businesses including ECS, Global GSA Group, CargoTech, TCE, Mail & More, Healthc’Air and Squair, said the new funding will support the next stage of its development.
According to Quito, the investment facility is designed to support initiatives that improve the group’s long-term competitiveness. Planned spending includes infrastructure upgrades, digital projects, enhanced operational capabilities and the expansion of specialised logistics services aligned with changing market demand.
The company said the stronger balance sheet and additional financing capacity put it in a better position to execute its strategic priorities, which include expanding its ecosystem, accelerating digital innovation and reinforcing support for airlines and logistics partners in global cargo markets.
One of the key pillars in that strategy is the rollout of Aerion, a commercial holding structure intended to coordinate and organise services for airlines by bringing the offerings of Quito’s various businesses together under one platform.
Chairman Adrien Thominet said the refinancing gives the group the means to push forward with the projects that will define its next chapter. He said Quito’s ambition remains to strengthen the ecosystem it has built by combining commercial reach, technological capability and operational expertise for airline and logistics customers worldwide.
The financing was structured by Apollo, and Quito said the transaction reflects continued investor confidence in the group’s diversified model and long-term growth prospects.
Over the last decade, Quito has steadily expanded its role in the air cargo market. In addition to controlling two major GSA businesses through ECS and Global GSA Group, it has also built out digital cargo solutions through CargoTech, total cargo management capabilities through TCE, niche expertise through Mail & More and Healthc’Air, and administrative support through Squair. Last year, Global GSA Group chief executive Aytekin Saray also signalled acquisition ambitions as part of the company’s wider expansion strategy.
