Quito Group, an international air cargo and logistics consortium comprising ECS Group, Global GSA Group, CargoTech, TCE, Mail & More, Healthc’Air, and Squair, has successfully refinanced €250 million of existing debt while securing a new €70 million investment facility with Apollo. The move is set to strengthen the Group’s financial foundation and provide the flexibility required to accelerate strategic projects across its global operations.
The refinancing and new investment package reflects sustained investor confidence in Quito’s diversified business model and its long-term growth trajectory, underlining the Group’s ambition to expand its footprint in the competitive air cargo and logistics sector.
Building a Comprehensive Cargo Ecosystem
Quito has progressively developed a unique ecosystem covering the full spectrum of air cargo expertise. ECS Group, recognised as one of the world’s leading GSSA networks, and Global GSA Group provide global commercial reach and market development for airlines, establishing Quito as a key commercial partner across international trade lanes.
Complementing these commercial operations, CargoTech delivers digital solutions and platforms that enable airlines and logistics partners to manage cargo efficiently. TCE (Total Cargo Expertise) provides advanced Total Cargo Management services, while Mail & More and Healthc’Air specialise in niche cargo segments, including healthcare and time-critical shipments. Squair handles administrative, compliance, and support functions, ensuring operational integrity across the Group.
By integrating these capabilities, Quito creates a coordinated platform capable of supporting airlines and logistics partners across increasingly complex global supply chains, combining commercial execution, operational excellence, and technological innovation.
Strategic Investment to Drive Expansion
The new €70 million facility will enable Quito to pursue strategic initiatives, including infrastructure upgrades, digitalisation projects, and the development of specialised logistics services designed to meet evolving market demands.
Adrien Thominet, Chairman of Quito Group, stated:
“By reinforcing our financial base, we are equipping Quito to accelerate the projects that will define the next stage of our growth. Our goal is to continue strengthening the ecosystem we have built, combining global commercial reach, technological innovation, and operational expertise to support airlines and logistics partners worldwide.”
Innovating Cargo Representation Through Aerion
Central to Quito’s growth strategy is Aerion, the Group’s commercial holding entity. Aerion consolidates sales execution, data analytics, digital intelligence, and strategic advisory services under a single framework, offering airlines an integrated approach to cargo representation rarely seen in the industry.
By uniting commercial reach with advanced technology and performance-driven consultancy, Aerion enables airlines to optimise operations, maximise market opportunities, and implement data-informed strategies across international trade lanes. This approach reflects the evolving nature of air cargo representation, moving toward value-driven, integrated partnerships that combine operational insight with commercial and technological expertise.
Outlook
With a reinforced financial structure and expanded investment capacity, Quito Group is positioned to drive innovation across the air cargo value chain, supporting airlines and logistics partners while pursuing global expansion. The combined strength of its commercial, operational, and digital entities underscores Quito’s role as a forward-looking partner in international air cargo.
