Quito Group has refinanced €250m of debt and secured a new €70m investment facility as it looks to accelerate expansion across its global air cargo and logistics operations.
The financing, structured with Apollo Global Management, a U.S. asset manager, strengthens the company’s balance sheet and provides additional flexibility to fund strategic initiatives, reflecting investor confidence in its diversified business model.
Quito, which brings together businesses including ECS Group, Global GSA Group, CargoTech, TCE, Mail & More, Healthc’Air and Squair, has built an integrated platform spanning commercial cargo representation, digital solutions and specialised logistics services.
The group said the new funding will support a range of growth initiatives, including infrastructure upgrades, digitalisation projects, enhanced operational capabilities and the expansion of specialised cargo services.
Chairman Adrien Thominet said the refinancing would enable the company to “accelerate the projects that will shape the next stage of our development”, with a focus on combining commercial reach, technology and operational expertise.
A key part of Quito’s strategy is the rollout of Aerion, a commercial holding structure designed to integrate cargo sales, digital tools and advisory services into a single platform for airline customers. The model aims to reflect a shift in the market towards more integrated, data-driven cargo partnerships.
With the strengthened financial base, Quito said it is entering a new phase of growth focused on expanding its ecosystem, accelerating digital innovation and enhancing support for airlines and logistics partners.
The move comes as demand for air cargo services remains strong, underpinned by the sector’s role in global trade and supply chain resilience.