Avenger Flight Group has officially emerged from Chapter 11 as AFG Newco, LLC, marking an important milestone in the Company’s evolution and positioning the business for its next phase of growth.

Following a court-supervised restructuring and sale process conducted under Section 363 of the U.S. Bankruptcy Code and approved by the U.S. Bankruptcy Court for the District of Delaware, substantially all of the Company’s assets have transferred to AFG Newco, LLC. The transaction was supported by the Company’s secured lenders, who are now aligned as equity stakeholders in supporting Avenger’s long-term growth strategy.

Moving forward

With the completion of this process, Avenger Flight Group moves forward with:

• A materially deleveraged capital structure
• Enhanced financial flexibility through new exit financing
• A focused operational footprint aligned with customer demand
• Continuity across its global training network
• Expanded ability to invest in next-generation simulator technology and training capabilities
• Increased capacity to support accelerating global pilot demand

“This marks a significant milestone for Avenger Flight Group,” said Eduardo Carrasco, Chief Executive Officer of Avenger Flight Group.

We extend our sincere gratitude to our executive leadership team, employees, customers, partners, and stakeholders whose trust, resilience, and support helped guide the Company through this process. Together, we look ahead with optimism and excitement for the future we are building.

Avenger Flight Group is pleased to announce a leadership transition within the company.

As part of its long-term strategic initiatives, the Board of Directors has appointed Eduardo Carrasco as Chief Executive Officer (CEO), effective immediately.

With over 30 years of experience in the aviation industry, Eduardo Carrasco has held executive leadership positions at renowned organizations such as Delta Connection Academy / Aerosim Flight Academy, as well as Aerosim Technologies, Mechtronix Systems, United Airlines, and Airbus Industries. In addition, he is an FAA Commercial Pilot and a U.S. Military Veteran.

His expertise in aviation training, operations, strategic development, and leadership is a major asset to guide AFG through its next phase of development.

Under Eduardo Carrasco’s leadership, Avenger Flight Group will continue to strengthen its partnerships, diversify our sector exposure, and drive innovation in aviation training.

Our number one focus will remain our customers and our ability to serve their needs as effectively and efficiently as possible over the long term.

We invite our community to join us in welcoming Eduardo Carrasco, the new CEO of Avenger Flight Group.

“Live your life by design and not by default and you will never regret your journey or your destiny.”

Jochen Timm, the director of DHL’s flight crew training program, spoke with us. He described how handy it is for their airline’s training sessions to be held at AFG Madrid.

“DHL-EAT is pleased to collaborate with AFG because both the A330 FFS and the training center are cutting-edge. Additionally, the location and its surroundings are accessible and quite convenient for us. Last but not least, we would want to express our gratitude and satisfaction to the operator who constantly makes an effort to meet our requirements while being polite and very customer-focused.”

If you ask him what he likes most about working with us, he doesn’t hesitate:

“AFG’s staff are kind, approachable, and very competent. This makes a significant contribution to the successful training of our A330 flight crew in accordance with both our demands and regulatory standards. Additionally, because of the training center’s proximity to the airport and its location, DHL-EAT is not dependent on commercial aircraft. We benefit from AFG’s clear focus on their clients’ needs and ability to adjust once they have been established.”

We consider it an honor to have DHL-EAT here with us, and will keep working hard to provide the finest service possible.

A smile can go a long way in the workplace, further than one might think. A simple smile can make someone’s day! It can make them feel more at ease, relaxed, and prone to keeping a positive mindset. We know that this has a direct impact on our performance, and this is why, at AFG, we choose to work with a smile.

Smiling at each other is an integral part of the work routine in our training facilities. Our competitiveness is also conveyed through the friendliness and warmth with which we look after our customers. A smile plays a significant role in this .

We also perceive value in knowing that we understand your needs and the importance of a customized solution. We will gladly do this with a cheerful disposition!

A smile extends through all cultures and breaks all barriers, something that AFG knows exactly how to do.

Check out these 4 tips to reduce global cost:

• Let one of our Client Directors invite you to a coffee, even at your current location! AFG is able to build a customized training center for you. “Whenever and wherever” is our policy.
• Enjoy AFG´s great 24/7 customer service with personal, friendly assessments.
• Grow with us! If your fleet grows, we will add as many simulators as you require!
• Keep an eye on the big picture: AFG is quick to make decisions and solve problems, allowing your company to save money and time.

Call and let us schedule that coffee today!

📞+1 (954) 516-0760
📩 Email: info@afgsim.com