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Aug 04 2016

MI Group (AirFi) secures a 1,3 mio third round financing as part of a 7,5 mio financing plan.

Schiphol Airport – July 21th 2016
MI Group BV (AirFi and MI Airline) has secured a 1,3 mio third round investment as part of a 7,5 mio financing round, including a 5 mio listed bonds to be finalised by mid august 2016. MI Group has been growing at a record speed and is using the funds to further grow in the world market of portable IFE solutions with the aim to remain the market leader and innovation leader in it's industry.

Innovation by focus
MI Group is founded late 2010 and since then evolved into a worldwide operating cabin innovator with the Brands AirFi and MI Airline. AirFi has grown out to become the widest used portable onboard WiFi solution in the world supplying over 150 aircraft on a daily basis and serving millions of passengers a year with entertainment and content.

Job Heimerikx CEO MI group: With the refinancing of the MI group coming to a conclusion we are ready to bring the entire group to the next level in the airlines industry, creating the capability to provide our customers the best service and innovations they need, competing the incumbent big players as the "Uber" in our industry.

Financing further growth and new business models
The capital raised will predominantly been used to facilitate the further growth of the business enabling AirFi to further strengthen it's position in Asia and setting foot on the ground in South America. 

New rental business models will be created for our customers allowing even more flexibility as well as further enhancing the offering by starting the development of new features as Internet Connectivity and AR/VR applications on board.

For more information:
Please contact Job Heimerikx, CEO MI Airline:
tel:+31 6 24626585
about Airfi:

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