Breeze Airways (MX, Salt Lake City) has secured new USD47.5 million secured debt financing from AIP Capital, an aviation-specialised investment management fund.

The fresh capital will support Breeze’s growth strategy, AIP said in a statement, amid the introduction of new domestic and international routes. Breeze was recently awarded US flag carrier status and aims to launch flights to Cancún, Punta Cana, and Montego Bay.

The US carrier currently operates a fleet of forty-three A220-300s, eight E190s, and two inactive, to be retired, E195s. It still has a pending order for forty-nine additional A220-300s plus an option to increase this to 120.

The airline’s chief executive and founder, David Neeleman, recently said in an interview that there is enough market in underserved communities across the United States for Breeze Airways to increase its fleet size up to 400 aircraft.

Earlier in the year, Neeleman also said Breeze Airways was considering an initial public offering in 2026, if market conditions are right.