On August 8, 2024, FLYR, Inc. closed the transaction. The company has received $225,000,000 in a round of funding led by new investor WestCap Investment Partners, LLC. The transaction also included participation from new investor BlackRock, Inc., Aerovías del Continente Americano S.A. - Avianca, a wholly owned subsidiary of the Abu Dhabi Investment Authority and returning investor Streamlined Ventures.
As a part of the transaction, Laurence Tosi from WestCap Investment Partners, LLC will join the company's board of director.