Source: Flybondi
COC Global Enterprise, a U.S. investment fund focused on the technology sector and private aviation, has become the new lead investor in Flybondi, a company that operates in the airline transportation market in Argentina and Brazil.
COC is a private equity fund focused on identifying and expanding high potential companies in Latin America and North America. Its arrival at Flybondi marks the beginning of a new phase that includes the continuity of jobs and in which it will seek to consolidate the operation and service and resume growth plans both in Argentina and in the region.
COC will lead Flybondi’s Board of Directors including the positions of Chairman and Vice Chairman; Cartesian Capital Group will continue to be part of the Board as a shareholder of the company.
COC Global Enterprise’s strategic objective is to balance the company’s finances within a reasonable period of time and to strengthen the operation through the incorporation of new aircraft and the expansion of routes. To this end, it will work constructively with the authorities and its main stakeholders.
“COC Global’s vision of investing in companies with high potential, aligned with the principles of innovation and sustainability, is a very valuable support for Flybondi and for this great team of 1,525 people,” said Mauricio Sana, CEO of Flybondi.
The executive added that “we have great plans for this new stage. It is an opportunity to continue transforming the airline industry, focusing on consolidating our service and our value proposition. We want the freedom to fly to continue connecting the country”.