Founders to hold 26% of Volotea’s voting rights

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Carlos Muñoz and Lázaro Ros, the founders and directors of Volotea Airlines, will have 26% of the voting rights in the company.

The Spanish start-up carrier secured substantial funding from three private equity firms last month.

USA-based CCMP Capital Partners will have 49% of the voting rights, while FESpyme, Fondo de Capital Riesgo, managed by Axis Participaciones Empresariales, a wholly-owned subsidiary of Spain's Instituto de Crédito Oficial, and Sinaer Inversiones, an aviation-investment vehicle partly owned by Corpfin Capital, will jointly have 25% in the carrier.

The airline plans to start operations in April with a fleet of three Boeing 717s leased from Boeing Capital. According to a Volotea spokesman the aircraft were previously in operation at MexicanaClick.