Avenger Flight Group

What Avenger Flight Group does

Avenger Flight Group (AFG) is a Fort Lauderdale-headquartered commercial aviation simulation and training company that operates the largest privately-owned fleet of type rating Full Flight Simulators (FFS) globally. Founded in 2013, the company deploys FAA Part 60 Level D and EASA Level D certified simulators covering Airbus A320/A330, Boeing 737/767/777, Embraer 170, and ATR aircraft types, equipped with Collins Aerospace EP-8100 collimated visual systems and E2M 6-DOF electric motion platforms. As of its February 2026 Chapter 11 filing, AFG operated approximately 11 training centers across 4 countries with roughly 50 full-flight simulators and had delivered over 900,000 cumulative flying hours of training.

The company's business model centers on long-dated, often exclusive, enterprise contracts with airlines, including 10-year agreements with Viva Aerobus (Monterrey) and Aeromexico (Mexico City), and a since-2012 anchor relationship with Spirit Airlines. AFG primarily sells simulator training hours via dry-lease arrangements — clients use their own instructors, which lowers AFG's cost-to-serve and lowers the customer's total training cost — while also operating purpose-built, dedicated training facilities (e.g., Allegiant Air Training Department occupying the second floor of the Las Vegas center). GTM is enterprise field sales targeting ultra-low-cost carriers and major airlines with peak-capacity or geographic-proximity needs.

AFG's growth was funded heavily with debt, peaking with a $155 million senior credit facility from Marathon Asset Management and syndicated lenders in July 2021 to support simulator expansion across the U.S., Latin America, and Europe. The combination of $273 million in secured debt by February 2026, Pratt & Whitney engine groundings affecting over 55% of its A320 simulators, the collapse of anchor customer Spirit Airlines in May 2026, and the November 2024 closure of its Cancun center precipitated a Chapter 11 filing in February 2026. The company emerged from restructuring in June 2026 as AFG Newco, LLC under new CEO Eduardo Carrasco, a founding executive and 30-year aviation industry veteran.

Name

Avenger Flight Group

Legal name

Avenger Flight Group LLC

Website

https://afgsim.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

Avenger Flight Group (AFG) is the largest privately-owned type rating Full Flight Simulator training organization globally, operating approximately 50 FAA/EASA Level D simulators across 11 training centers in the U.S., Mexico, and Spain, serving ultra-low-cost carriers and major airlines through long-dated exclusive dry-lease and dedicated-facility agreements.

Ownership category

akta.pro rank

Product category

Aviation Flight Simulation Training

NAICS

Flight Training (611512)

SIC

Computer Peripheral Equipment, Nec (3577)

akta.pro primary industry

Racing & Flight Simulation Hardware (Wheels, Pedals, HOTAS) (HDACANAE)

Keywords

• Flight simulator training
• Commercial aviation training
• Type rating services
• Pilot training centers
• Aviation simulation services

Headquarters

HQ city

Fort Lauderdale

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Simulator Training Hours (Dry Leases): AFG primarily generates revenue through selling simulator training hours via dry lease arrangements. Customers rent simulator time without instructor staff, reducing costs because instructor services are not included. This model allows low-cost airlines to outsource training and acquire initial capital investment.
2. Training Center Management: AFG develops and operates dedicated training centers for airline partners, providing turnkey training infrastructure solutions with long-term exclusive agreements.
3. Pilot Type Rating Services: AFG provides type rating training for pilots, including Multi-Crew Cooperation (MCC) courses and International Jet Transition Courses as required by FAA and EASA regulations.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Avenger Flight Group (AFG) operates dedicated commercial aviation simulation and training centers that provide FAA and EASA Level D Full Flight Simulator (FFS) dry-lease hours and structured pilot training programs (type rating, MCC, International Jet Transition) to airlines. It develops purpose-built training facilities near airline hubs under multi-year exclusive contracts and offers flexible contract execution, mobile simulator deployment, and simulator lifecycle management.

Product overview

Avenger Flight Group (AFG) is a commercial aviation simulation and training company offering a portfolio of flight training products and services. The core offerings include Level D Full Flight Simulators (FFS) for Airbus, Boeing, Embraer, and ATR aircraft, supplemented by Flight Training Devices (FTD). The company provides type rating training, MCC courses, and International Jet Transition Courses as add-on training modules. AFG also offers flexible dry lease simulator hours and mobile simulator deployment services. The company operates training centers across North America, Latin America, and Europe, serving ultra-low-cost carriers and major airlines.

Differentiator

Problem solved

Functional benefit

Products and services

• Full Flight Simulators (FFS) Level D certified Full Flight Simulators providing high-fidelity flight training for commercial aircraft types (Airbus A320/A330, Boeing 737/767/777, Embraer 170, ATR), offered via dry lease and dedicated facility arrangements to airline customers.
• Flight Training Devices (FTD) Flight Training Devices including Airbus A320 FTD units and Boeing 767/777 FTDs, providing cost-effective training solutions for initial and recurrent pilot training for airline customers.
• Type Rating Training Initial and recurrent type rating training services for airline pilots, supporting carriers with limited training options and time-sensitive requirements at competitive prices.

Quantifiable outcome

• 900,000+ flying hours of training completed
• +2 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• SIM InternationalsupportingTechnology or IntegrationSIM International is the manufacturer of AFG's flight simulators. A settlement agreement with SIM International resolving simulator lease disputes was included in the Chapter 11 bankruptcy filing, indicating ongoing commercial relationship for simulator procurement and maintenance.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• FlightSafety International: FlightSafety International (a Berkshire Hathaway subsidiary) is one of the largest pilot training organizations globally, operating a network of learning centers with Level D simulators. It is the closest direct competitor to AFG in type rating and recurrent training for major airlines.
• L3Harris Commercial Aviation Solutions: L3Harris (formerly L3 Technologies) operates a commercial aviation training business with full flight simulators and training centers, directly competing with AFG in the type rating and dry lease simulator market.
• Pan Am International Flight Academy: Pan Am International Flight Academy operates full flight simulators and provides type rating and recurrent training at multiple US locations, directly competing with AFG in the North American training market.

Emerging players

• Aerosim Flight Academy: Aerosim Flight Academy (formerly connected to Aerosim Technologies) provides ab-initio pilot training with simulator exposure. It overlaps with AFG's MCC and pilot pipeline training offerings, though focused more on entry-level training.

Others

• SIM International: SIM International (now part of SIM-ARC) is a manufacturer and lessor of full flight simulators and a known AFG equipment supplier and counterparty. It is included as an ecosystem participant and supplier in AFG's value chain.

Broad incumbents

• CAE Inc. CAE is the world's largest civil aviation training company, operating ~250 full flight simulators and offering both pilot training and simulator manufacturing. It is the dominant incumbent in the same market AFG serves, with broader geographic and platform coverage.
• Alteon (Boeing Training & Professional Services): Alteon is Boeing's pilot and technician training subsidiary, offering a broad portfolio of pilot training services. As a Boeing-affiliated broad incumbent, it competes with AFG particularly for airline customers operating Boeing fleets.

Regional players

• Lufthansa Flight Training: Lufthansa Flight Training operates Level D simulators in Germany and across Europe, providing pilot type rating and MCC training. It overlaps with AFG's Madrid training center as a European competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/avenger-flight-group-llc

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Avenger Flight Group