International air cargo and logistics company Quito Group has refinanced €250 million of debt and secured a new €70 million investment facility, in a deal with Apollo aimed at strengthening its financial position and supporting future growth.

The group said the transaction enhances flexibility to accelerate strategic initiatives across its global operations, while underlining investor confidence in its diversified cargo ecosystem.

Quito brings together ECS Group, Global GSA Group, CargoTech, TCE, Mail & More, Healthc’Air and Squair, combining commercial reach, digital solutions and specialised logistics services to support airlines and supply chain partners.

The new funding will support infrastructure upgrades, digitalisation and expanded operational capabilities, alongside the rollout of Aerion, Quito’s commercial platform integrating sales, technology and advisory services.

Adrien Thominet, chairman of Quito Group, said: “By reinforcing our financial base, we are giving Quito the means to accelerate the projects that will shape the next stage of our development.

“Our ambition is to continue strengthening the ecosystem we have built, combining commercial reach, technological innovation and operational expertise to support airlines and logistics partners worldwide.”

With a strengthened balance sheet, Quito Group said it will focus on expanding its ecosystem and accelerating digital innovation as it targets long-term growth across global cargo markets.