Air TransportAvelo to cut six Boeing 737-700s after recapitalization process
Avelo Airlines announced on January 6 that it will remove six Boeing 737-700s from its fleet, following a recapitalization that, according to the company, has positioned its cash reserves among “the strongest in the US airline sector relative to its size”.
The carrier currently operates eight 737-700s and 14 737-800s. The 737-700 reduction is part of a plan to simplify its network around four existing bases: New Haven (HVN), Philadelphia/Delaware Valley (ILG), Charlotte/Concord (USA), and Central Florida/Lakeland (LAL).
Avelo will open a new base at Dallas/McKinney (TKI) by the end of 2026 and will close its bases at Mesa (AZA), Raleigh-Durham (RDU), and Wilmington (ILM). The company will retain service to Raleigh-Durham from New Haven and Rochester, and to Wilmington from Nashville, New Haven, Tampa, and Washington/Baltimore.
The fleet change will see Avelo focus primarily on the larger Boeing 737-800. The six 737-700s scheduled for removal have not yet exited the fleet.
In 2025, Avelo placed a firm order for 50 Embraer 195-E2s with 50 additional options, marking the first US airline agreement for the E2 family. Deliveries are set to begin in the first half of 2027.
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